The most recent filing that DXC Technologies made with the Securities and Exchange Commission revealed that River & Mercantile Asset Management LLP made a new investment in the company during the third quarter.
DXC Technologies provided this information. “DXC” is the ticker symbol that is used for the company.
The investment fund purchased 54,959 shares of the company’s stock at approximately $1,849,000.
On February 1, the most recent quarterly earnings report for DXC Technologies (NYSE: DXC) was made public for investors to view.
The company’s earnings per share for the quarter came in at $0.95, $0.11 higher than the consensus estimate of $0.84.
The consensus estimate was $0.84 per share.
The actual figure for the company’s quarterly revenue was $3.57 billion, in contrast to the $3.57 billion forecasted for the company’s quarterly revenue by industry analysts.
DXC Technologies achieved a return on equity of 15.44%, and the net margin for the company was 4.84%.
The company’s revenue experienced a 12.8% decrease when measured against the numbers for the same quarter from the previous year.
The company reported a profit of $0.92 per share for the quarter, compared to the results it achieved during the same period the year before.
According to the forecasts provided by stock market experts, the earnings per share for DXC Technologies are anticipated to amount to $3.47 in the current fiscal year.
When trading started on Thursday, a share of DXC Technologies was $23.33 per share.
The stock price has a simple moving average of $28.18 over the past fifty days and a simple moving average of $27.63 over the past two hundred days.
It has a price-to-earnings ratio of 7.84, a price-to-earnings-to-growth ratio of 0.94, and a beta value of 1.95.
The ratio of price to earnings to growth is 0.94.
The stock’s market capitalization represents a total of $5.31 billion.
The lowest price for DXC Technology was $22.65, and the highest price was $36 over the preceding twelve months.
The value of 1.13 is the value that is shared by the debt-to-equity ratio, the current ratio, and the quick ratio.
During the most recent trading activity, several other institutional investors bought and sold transactions with DXC stock.
American Century Companies INC increased the proportion of DXC Technologies that it owned by 52.2% during the first three months of 2018.
After purchasing an additional 27,781 shares during the most recent quarter, the company now has 80,959 shares.
These shares have a combined value of $2,641,000, making the company’s overall holdings worth $2,641,000. US Bank DE acquired an additional 10.6% of the total shares of DXC Technologies during the first three months of 2018. US Bancorp DE has recently acquired an additional 1,993 shares of the company’s stock, bringing its total shares to 20,835.
These shares have a current value of $681,000.
In the first quarter of 2018, HighTower Advisors LLC increased 11.7% in the proportion of DXC Technologies stock that it owned.
After making an additional 921 stock purchases during the most recent quarter, HighTower Advisors LLC now has 8,776 shares.
There is 284,000 dollars worth of shares of the company’s stock held by HighTower Advisors LLC During the first three months of the year, Acadian Asset Management LLC successfully increased its holdings in DXC Technologies by 432.5 percent.
Acadian Asset Management LLC now has 16,497 shares of the company’s stock, collectively worth $538,000, following the purchase of an additional 13,399 shares during the preceding quarter.
In the first quarter, MetLife Investment Management LLC increased the amount of DXC Technologies common stock in its portfolio by 19.3%.
This brings us to our last point. Following purchasing 10,773 additional shares during the most recent fiscal quarter, MetLife Investment Management LLC now holds 66,501 shares, equal to $2,170,000.
Institutional investors and hedge funds own most of the company’s shares, which amount to 89.19% of the total.
Deckelman Jr., Executive Vice President of DXC Technologies, sold 33,331 shares of the company’s stock on February 9.
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The price of each share was set at $29.05, resulting in a total sale volume of 968,265.55 dollars and an average price per share of $29.05 each.
As a result of the transaction, the company’s executive vice president now owns 157,128 shares of the company, and the value of those shares currently is $4,564,568.40.
After clicking on this link, you will be taken to the SEC filing, where the transaction was described in greater detail.
Business insiders on the total number of shares of stock owned by the company to the extent of 0.47%.
DXC has been in touch with various brokerage firms regarding their services.
In a report made public on Thursday, December 15, JPMorgan Chase & Co altered their rating for the company from “underweight” to “neutral” and increased their price target for DXC Technology from $31.00 to $33.00.
The price target increase resulted from JPMorgan Chase & Co’s decision.
In a research note published on January 19, Moffett Nathanson lowered their target price for DXC Technology from $32.00 to $28.00, downgrading the company from “market perform” to “underperform.” In a research note published on February 2, Deutsche Bank Aktiengesellschaft lowered their “buy” rating and price objective on DXC Technology from $40.00 to $35.00.
The price objective remained the same.
Morgan Stanley downgraded DXC Technology from an “equal weight” rating to a “market weight” rating and decreased their target price on the stock from $30.00 to $27.00 in a research note published on Friday, January 27.
Last but not least, in a report distributed on Wednesday, February 1, 2019, TheStreet upgraded their recommendation on shares of DXC Technology from a “c” rating to a “b-” rating. Five research analysts have recommended the company buy its stock; four research analysts have recommended that the company’s stock be held; and one research analyst has recommended that the company’s stock be sold.
According to Bloomberg, the average rating for the stock right now is “Hold,” and the price objective has been set at $33.45.