Todd Asset Management LLC Invests $22.21 Million in DXC Technology (NYSE:DXC)

Todd Asset Management LLC purchased a new stake in DXC Technology (NYSE:DXC) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 971,148 shares of the company’s stock, valued at approximately $22,210,000.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Versant Capital Management Inc grew its holdings in DXC Technology by 3,525.9% in the 4th quarter. Versant Capital Management Inc now owns 2,103 shares of the company’s stock valued at $48,000 after buying an additional 2,045 shares in the last quarter. GAMMA Investing LLC acquired a new position in DXC Technology in the 4th quarter valued at $49,000. Headlands Technologies LLC purchased a new position in shares of DXC Technology during the 3rd quarter worth $67,000. NBC Securities Inc. acquired a new stake in shares of DXC Technology during the third quarter worth $94,000. Finally, Savant Capital LLC purchased a new stake in shares of DXC Technology in the fourth quarter valued at $207,000. Institutional investors and hedge funds own 96.20% of the company’s stock.

Insider Activity at DXC Technology

In other DXC Technology news, EVP William L. Deckelman, Jr. sold 18,102 shares of the company’s stock in a transaction that occurred on Thursday, February 29th. The stock was sold at an average price of $21.73, for a total value of $393,356.46. Following the completion of the transaction, the executive vice president now owns 124,806 shares in the company, valued at approximately $2,712,034.38. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 0.87% of the company’s stock.

DXC Technology Stock Up 1.4 %

Shares of NYSE:DXC traded up $0.26 during midday trading on Friday, hitting $19.16. 1,510,385 shares of the company’s stock traded hands, compared to its average volume of 1,545,754. The firm’s fifty day moving average price is $20.68 and its two-hundred day moving average price is $21.81. The company has a debt-to-equity ratio of 1.15, a quick ratio of 1.11 and a current ratio of 1.11. DXC Technology has a twelve month low of $18.61 and a twelve month high of $28.89. The company has a market cap of $3.50 billion, a PE ratio of -10.03, a P/E/G ratio of 1.72 and a beta of 1.85.

DXC Technology (NYSE:DXC) last issued its quarterly earnings data on Thursday, February 1st. The company reported $0.87 EPS for the quarter, topping analysts’ consensus estimates of $0.77 by $0.10. DXC Technology had a positive return on equity of 19.00% and a negative net margin of 3.35%. The company had revenue of $3.40 billion for the quarter, compared to analysts’ expectations of $3.36 billion. During the same quarter in the previous year, the firm posted $0.95 earnings per share. The firm’s quarterly revenue was down 4.7% on a year-over-year basis. On average, equities research analysts anticipate that DXC Technology will post 3.03 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of analysts have issued reports on the company. Royal Bank of Canada reissued a “sector perform” rating and issued a $24.00 price target on shares of DXC Technology in a research note on Friday, February 2nd. JPMorgan Chase & Co. downgraded shares of DXC Technology from a “neutral” rating to an “underweight” rating and lowered their target price for the company from $27.00 to $24.00 in a report on Wednesday, January 24th. Guggenheim assumed coverage on shares of DXC Technology in a research note on Tuesday, March 19th. They set a “neutral” rating and a $22.00 price target on the stock. Finally, Citigroup cut shares of DXC Technology from a “neutral” rating to a “sell” rating and lowered their price objective for the company from $24.00 to $21.00 in a research note on Wednesday, January 17th. Three equities research analysts have rated the stock with a sell rating and six have issued a hold rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $23.20.

DXC Technology Company Profile

DXC Technology Company, together with its subsidiaries, provides information technology services and solutions primarily 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).