Savant Capital LLC Takes $207,000 Position in DXC Technology (NYSE:DXC)

Savant Capital LLC acquired a new position in shares of DXC Technology (NYSE:DXC) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 9,061 shares of the company’s stock, valued at approximately $207,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. State of Alaska Department of Revenue increased its stake in shares of DXC Technology by 388.6% in the 4th quarter. State of Alaska Department of Revenue now owns 119,130 shares of the company’s stock worth $2,724,000 after acquiring an additional 94,748 shares during the last quarter. Louisiana State Employees Retirement System purchased a new position in DXC Technology during the fourth quarter worth about $2,216,000. Ameriprise Financial Inc. raised its stake in DXC Technology by 0.3% during the third quarter. Ameriprise Financial Inc. now owns 2,992,875 shares of the company’s stock worth $62,342,000 after purchasing an additional 8,235 shares during the period. PNC Financial Services Group Inc. boosted its holdings in DXC Technology by 9.9% in the 3rd quarter. PNC Financial Services Group Inc. now owns 63,800 shares of the company’s stock valued at $1,329,000 after purchasing an additional 5,735 shares during the last quarter. Finally, SG Americas Securities LLC grew its stake in shares of DXC Technology by 165.1% in the 4th quarter. SG Americas Securities LLC now owns 82,550 shares of the company’s stock valued at $1,888,000 after buying an additional 51,409 shares during the period. Institutional investors and hedge funds own 96.20% of the company’s stock.

DXC Technology Stock Down 0.0 %

Shares of NYSE:DXC opened at $19.71 on Wednesday. The firm’s 50-day moving average is $20.60 and its two-hundred day moving average is $21.80. The company has a debt-to-equity ratio of 1.15, a current ratio of 1.11 and a quick ratio of 1.11. DXC Technology has a 1 year low of $18.61 and a 1 year high of $28.89. The firm has a market capitalization of $3.60 billion, a PE ratio of -10.32, a price-to-earnings-growth ratio of 1.72 and a beta of 1.85.

Wall Street Analyst Weigh In

Several analysts have recently commented on the stock. Guggenheim began coverage on shares of DXC Technology in a research report on Tuesday, March 19th. They set a “neutral” rating and a $22.00 price target on the stock. JPMorgan Chase & Co. cut DXC Technology from a “neutral” rating to an “underweight” rating and lowered their price target for the stock from $27.00 to $24.00 in a report on Wednesday, January 24th. Royal Bank of Canada reissued a “sector perform” rating and set a $24.00 price objective on shares of DXC Technology in a research report on Friday, February 2nd. Finally, Citigroup cut shares of DXC Technology from a “neutral” rating to a “sell” rating and decreased their target price for the company from $24.00 to $21.00 in a research report on Wednesday, January 17th. Three equities research analysts have rated the stock with a sell rating and six have given a hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $23.20.

Insider Buying and Selling

In other DXC Technology news, EVP William L. Deckelman, Jr. sold 18,102 shares of the firm’s stock in a transaction that occurred on Thursday, February 29th. The shares were 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 of the company’s stock, valued at approximately $2,712,034.38. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 0.87% of the stock is owned by insiders.

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).