Sanctuary Advisors LLC Invests $605,000 in DXC Technology Company. $DXC

Sanctuary Advisors LLC acquired a new position in DXC Technology Company. (NYSE:DXC) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 48,160 shares of the company’s stock, valued at approximately $605,000.

Several other large investors also recently added to or reduced their stakes in the company. Lido Advisors LLC lifted its holdings in DXC Technology by 6.1% during the fourth quarter. Lido Advisors LLC now owns 17,383 shares of the company’s stock valued at $241,000 after purchasing an additional 1,003 shares during the last quarter. Fifth Third Bancorp raised its position in shares of DXC Technology by 116.0% in the fourth quarter. Fifth Third Bancorp now owns 2,102 shares of the company’s stock valued at $31,000 after purchasing an additional 1,129 shares during the period. Hantz Financial Services Inc. grew its position in DXC Technology by 110.5% in the fourth quarter. Hantz Financial Services Inc. now owns 2,185 shares of the company’s stock worth $32,000 after acquiring an additional 1,147 shares in the last quarter. EverSource Wealth Advisors LLC increased its stake in DXC Technology by 240.6% in the second quarter. EverSource Wealth Advisors LLC now owns 1,737 shares of the company’s stock valued at $27,000 after acquiring an additional 1,227 shares during the last quarter. Finally, Focus Partners Wealth increased its stake in DXC Technology by 9.9% in the third quarter. Focus Partners Wealth now owns 15,094 shares of the company’s stock valued at $202,000 after acquiring an additional 1,357 shares during the last quarter. Hedge funds and other institutional investors own 96.20% of the company’s stock.

DXC Technology Stock Performance

DXC Technology stock opened at $10.39 on Tuesday. The firm has a fifty day simple moving average of $9.27 and a two-hundred day simple moving average of $11.52. The company has a quick ratio of 1.36, a current ratio of 1.36 and a debt-to-equity ratio of 0.94. DXC Technology Company. has a twelve month low of $7.90 and a twelve month high of $15.68. The company has a market capitalization of $1.70 billion, a PE ratio of 173.10 and a beta of 0.82.

DXC Technology (NYSE:DXC) last released its quarterly earnings data on Friday, May 8th. The company reported $0.77 EPS for the quarter, topping the consensus estimate of $0.70 by $0.07. The firm had revenue of $3.13 billion for the quarter, compared to the consensus estimate of $3.17 billion. DXC Technology had a return on equity of 17.24% and a net margin of 0.14%.The company’s quarterly revenue was down 1.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.84 earnings per share. Research analysts expect that DXC Technology Company. will post 2.61 EPS for the current year.

Insiders Place Their Bets

In related news, CEO Raul J. Fernandez acquired 28,051 shares of the company’s stock in a transaction dated Monday, May 11th. The stock was purchased at an average price of $8.90 per share, with a total value of $249,653.90. Following the completion of the purchase, the chief executive officer owned 844,052 shares in the company, valued at $7,512,062.80. This trade represents a 3.44% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 1.13% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on DXC. Morgan Stanley dropped their price target on DXC Technology from $15.00 to $9.00 and set an “equal weight” rating for the company in a research note on Thursday, May 14th. Stifel Nicolaus set a $12.00 price objective on DXC Technology in a research report on Friday, May 8th. Weiss Ratings cut DXC Technology from a “sell (d+)” rating to a “sell (d)” rating in a report on Monday, May 11th. Royal Bank Of Canada restated a “sector perform” rating and issued a $16.00 target price on shares of DXC Technology in a research report on Friday, June 12th. Finally, Zacks Research raised DXC Technology from a “strong sell” rating to a “hold” rating in a research note on Monday, July 13th. Seven equities research analysts have rated the stock with a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Reduce” and an average target price of $12.25.

DXC Technology Profile

DXC Technology, headquartered in Tysons Corner, Virginia, is a global leader in IT services and solutions. The company was formed in 2017 through the merger of Computer Sciences Corporation (CSC) and the Enterprise Services business of Hewlett Packard Enterprise, combining decades of experience in consulting, systems integration and managed services. Since its inception, DXC has focused on helping clients modernize IT environments and drive digital transformation across their organizations.

DXC Technology’s core service offerings encompass cloud and platform services, applications and analytics, security, and workplace and mobility solutions.