Investors Sell Shares of DXC Technology (DXC) on Strength (DXC)

Traders sold shares of DXC Technology (NYSE:DXC) on strength during trading on Monday. $21.79 million flowed into the stock on the tick-up and $132.14 million flowed out of the stock on the tick-down, for a money net flow of $110.35 million out of the stock. Of all stocks tracked, DXC Technology had the 33rd highest net out-flow for the day. DXC Technology traded up $0.74 for the day and closed at $100.97

DXC has been the topic of a number of research analyst reports. Morgan Stanley increased their target price on DXC Technology from $104.00 to $114.00 and gave the stock an “overweight” rating in a report on Monday, February 5th. Citigroup increased their target price on DXC Technology to $126.00 and gave the stock a “top pick” rating in a report on Thursday, April 12th. ValuEngine cut DXC Technology from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, April 3rd. JPMorgan Chase & Co. increased their price target on DXC Technology to $114.00 and gave the stock an “overweight” rating in a research report on Thursday, April 5th. Finally, Zacks Investment Research cut DXC Technology from a “buy” rating to a “hold” rating in a research report on Friday, February 2nd. Five equities research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the stock. DXC Technology presently has a consensus rating of “Buy” and a consensus target price of $106.06.

Get DXC Technology alerts:

The company has a debt-to-equity ratio of 0.48, a current ratio of 0.99 and a quick ratio of 0.99. The stock has a market capitalization of $28.85 billion, a price-to-earnings ratio of 32.28, a P/E/G ratio of 1.06 and a beta of 0.94.

In related news, insider John M. Lawrie sold 9,900 shares of the firm’s stock in a transaction that occurred on Wednesday, April 11th. The stock was sold at an average price of $102.35, for a total value of $1,013,265.00. Following the sale, the insider now directly owns 638,610 shares in the company, valued at approximately $65,361,733.50. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP William L. Deckelman, Jr. sold 2,886 shares of the firm’s stock in a transaction that occurred on Wednesday, May 16th. The shares were sold at an average price of $100.94, for a total value of $291,312.84. Following the completion of the sale, the executive vice president now owns 13,082 shares in the company, valued at $1,320,497.08. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 22,886 shares of company stock worth $2,343,380. 1.30% of the stock is owned by insiders.

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Fulton Bank N.A. increased its position in DXC Technology by 6.6% in the 1st quarter. Fulton Bank N.A. now owns 8,148 shares of the company’s stock valued at $819,000 after acquiring an additional 502 shares during the period. Aperio Group LLC increased its position in shares of DXC Technology by 0.3% during the 1st quarter. Aperio Group LLC now owns 161,589 shares of the company’s stock valued at $16,245,000 after purchasing an additional 508 shares during the period. United Capital Financial Advisers LLC increased its position in shares of DXC Technology by 5.4% during the 1st quarter. United Capital Financial Advisers LLC now owns 10,025 shares of the company’s stock valued at $1,008,000 after purchasing an additional 510 shares during the period. Moors & Cabot Inc. increased its position in shares of DXC Technology by 8.4% during the 1st quarter. Moors & Cabot Inc. now owns 6,923 shares of the company’s stock valued at $696,000 after purchasing an additional 535 shares during the period. Finally, First Mercantile Trust Co. increased its position in shares of DXC Technology by 17.2% during the 4th quarter. First Mercantile Trust Co. now owns 4,472 shares of the company’s stock valued at $424,000 after purchasing an additional 656 shares during the period. Hedge funds and other institutional investors own 83.99% of the company’s stock.

DXC Technology Company Profile

DXC Technology Company, together with its subsidiaries, provides information technology services and solutions primarily in North America, Europe, Asia, and Australia. It operates through three segments: Global Business Services (GBS), Global Infrastructure Services (GIS), and United States Public Sector (USPS).

Leave a Reply

Your email address will not be published. Required fields are marked *