Robeco Institutional Asset Management B.V. Acquires 84,524 Shares of DXC Technology (NYSE:DXC)

Robeco Institutional Asset Management B.V. raised its holdings in shares of DXC Technology (NYSE:DXC) by 31.7% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 350,760 shares of the company’s stock after purchasing an additional 84,524 shares during the period. Robeco Institutional Asset Management B.V. owned 0.19% of DXC Technology worth $7,278,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in DXC. Mitsubishi UFJ Trust & Banking Corp raised its stake in DXC Technology by 16.9% during the first quarter. Mitsubishi UFJ Trust & Banking Corp now owns 133,344 shares of the company’s stock valued at $2,804,000 after buying an additional 19,240 shares during the last quarter. Sei Investments Co. raised its position in shares of DXC Technology by 41.8% in the 1st quarter. Sei Investments Co. now owns 327,080 shares of the company’s stock worth $6,937,000 after purchasing an additional 96,398 shares during the last quarter. Quantbot Technologies LP bought a new position in DXC Technology in the 1st quarter worth about $2,982,000. Millennium Management LLC grew its position in DXC Technology by 352.6% during the 2nd quarter. Millennium Management LLC now owns 625,197 shares of the company’s stock valued at $11,935,000 after purchasing an additional 487,072 shares during the last quarter. Finally, State Board of Administration of Florida Retirement System increased its stake in DXC Technology by 3.6% during the 1st quarter. State Board of Administration of Florida Retirement System now owns 266,718 shares of the company’s stock valued at $5,657,000 after purchasing an additional 9,391 shares in the last quarter. 96.20% of the stock is currently owned by hedge funds and other institutional investors.

DXC Technology Stock Performance

DXC stock opened at $22.56 on Friday. The company has a debt-to-equity ratio of 1.21, a current ratio of 1.21 and a quick ratio of 1.21. DXC Technology has a 1 year low of $14.78 and a 1 year high of $25.14. The company has a market cap of $4.08 billion, a P/E ratio of 66.35, a price-to-earnings-growth ratio of 1.79 and a beta of 1.67. The stock’s fifty day moving average price is $20.66 and its 200-day moving average price is $19.41.

DXC Technology (NYSE:DXC) last announced its earnings results on Thursday, August 8th. The company reported $0.74 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.57 by $0.17. DXC Technology had a return on equity of 19.20% and a net margin of 0.60%. The business had revenue of $3.24 billion for the quarter, compared to analysts’ expectations of $3.14 billion. On average, equities analysts forecast that DXC Technology will post 2.89 earnings per share for the current year.

Insider Transactions at DXC Technology

In related news, EVP Mary E. Finch sold 31,047 shares of the business’s stock in a transaction that occurred on Monday, August 12th. The shares were sold at an average price of $19.36, for a total transaction of $601,069.92. Following the completion of the sale, the executive vice president now directly owns 325,665 shares in the company, valued at approximately $6,304,874.40. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other DXC Technology news, EVP Mary E. Finch sold 31,047 shares of the business’s stock in a transaction dated Monday, August 12th. The stock was sold at an average price of $19.36, for a total transaction of $601,069.92. Following the completion of the sale, the executive vice president now owns 325,665 shares of the company’s stock, valued at approximately $6,304,874.40. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, SVP Christopher Anthony Voci sold 2,500 shares of the company’s stock in a transaction dated Friday, September 13th. The stock was sold at an average price of $21.37, for a total value of $53,425.00. Following the completion of the sale, the senior vice president now owns 83,746 shares of the company’s stock, valued at approximately $1,789,652.02. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.54% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on DXC shares. Royal Bank of Canada upped their target price on shares of DXC Technology from $18.00 to $20.00 and gave the stock a “sector perform” rating in a research note on Friday, August 9th. JPMorgan Chase & Co. increased their target price on DXC Technology from $19.00 to $22.00 and gave the company an “underweight” rating in a research note on Friday, September 6th. Finally, BMO Capital Markets lifted their target price on DXC Technology from $17.50 to $22.00 and gave the stock a “market perform” rating in a report on Friday, August 9th. Two analysts have rated the stock with a sell rating and seven have issued a hold rating to the company’s stock. Based on data from MarketBeat.com, DXC Technology has an average rating of “Hold” and a consensus price target of $20.11.

DXC Technology Company Profile

DXC Technology Company, together with its subsidiaries, provides information technology services and solutions in the United States, the United Kingdom, rest of Europe, Australia, and internationally. It operates in two segments, Global Business Services (GBS) and Global Infrastructure Services (GIS).