Skandinaviska Enskilda Banken AB publ Purchases 386,300 Shares of DXC Technology Company. $DXC

Skandinaviska Enskilda Banken AB publ raised its position in shares of DXC Technology Company. (NYSE:DXC) by 658.1% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 445,000 shares of the company’s stock after buying an additional 386,300 shares during the quarter. Skandinaviska Enskilda Banken AB publ owned about 0.26% of DXC Technology worth $6,065,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of DXC. Smartleaf Asset Management LLC boosted its stake in DXC Technology by 38.2% in the third quarter. Smartleaf Asset Management LLC now owns 2,814 shares of the company’s stock valued at $38,000 after acquiring an additional 778 shares in the last quarter. CoreCap Advisors LLC boosted its position in shares of DXC Technology by 16.3% in the 3rd quarter. CoreCap Advisors LLC now owns 6,271 shares of the company’s stock worth $85,000 after purchasing an additional 879 shares in the last quarter. Arizona State Retirement System grew its stake in DXC Technology by 1.8% during the 3rd quarter. Arizona State Retirement System now owns 53,799 shares of the company’s stock worth $733,000 after buying an additional 961 shares during the last quarter. IMA Advisory Services Inc. increased its position in DXC Technology by 1.4% during the 2nd quarter. IMA Advisory Services Inc. now owns 71,954 shares of the company’s stock valued at $1,100,000 after buying an additional 1,009 shares in the last quarter. Finally, EverSource Wealth Advisors LLC raised 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 buying an additional 1,227 shares during the last quarter. Institutional investors own 96.20% of the company’s stock.

Insider Buying and Selling at DXC Technology

In other news, CEO Raul J. Fernandez bought 16,446 shares of the stock in a transaction dated Monday, February 2nd. The shares were acquired at an average cost of $15.24 per share, with a total value of $250,637.04. Following the purchase, the chief executive officer directly owned 816,001 shares in the company, valued at $12,435,855.24. The trade was a 2.06% increase in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, SVP Christopher Anthony Voci sold 2,500 shares of DXC Technology stock in a transaction dated Thursday, December 11th. The shares were sold at an average price of $15.15, for a total value of $37,875.00. Following the completion of the transaction, the senior vice president owned 88,605 shares of the company’s stock, valued at approximately $1,342,365.75. This represents a 2.74% decrease in their position. The disclosure for this sale is available in the SEC filing. 0.61% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on DXC. Wolfe Research set a $13.00 price target on DXC Technology and gave the stock an “underperform” rating in a research note on Friday, January 30th. Wall Street Zen cut shares of DXC Technology from a “buy” rating to a “hold” rating in a research note on Saturday, January 31st. Stifel Nicolaus cut their price target on shares of DXC Technology from $15.00 to $14.00 and set a “hold” rating on the stock in a research note on Friday, October 31st. Susquehanna set a $14.00 price objective on shares of DXC Technology and gave the stock a “neutral” rating in a research note on Friday, October 31st. Finally, BMO Capital Markets boosted their price objective on shares of DXC Technology from $15.00 to $17.00 and gave the company a “market perform” rating in a report on Tuesday, February 3rd. One research analyst has rated the stock with a Strong Buy rating, six have given a Hold rating and three have given a Sell rating to the stock. According to MarketBeat, DXC Technology has a consensus rating of “Reduce” and an average price target of $14.71.

DXC Technology Price Performance

NYSE:DXC opened at $13.32 on Friday. The firm’s fifty day moving average is $14.63 and its two-hundred day moving average is $13.98. The firm has a market cap of $2.26 billion, a price-to-earnings ratio of 5.72 and a beta of 1.07. DXC Technology Company. has a one year low of $11.82 and a one year high of $20.47. The company has a debt-to-equity ratio of 0.91, a quick ratio of 1.35 and a current ratio of 1.35.

DXC Technology (NYSE:DXC) last issued its earnings results on Thursday, January 29th. The company reported $0.96 EPS for the quarter, topping analysts’ consensus estimates of $0.83 by $0.13. The firm had revenue of $3.19 billion for the quarter, compared to the consensus estimate of $3.18 billion. DXC Technology had a return on equity of 17.56% and a net margin of 3.34%.The company’s revenue was down 1.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.92 earnings per share. Research analysts expect that DXC Technology Company. will post 3.35 EPS for the current year.

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.