Templeton Global Advisors Ltd. has recently announced that it has increased stake in DXC Technology Co (NYSE:DXC) by 0.57%. After grabbing 14.91 million shares, the institutional investor is now in possession of 83853.0 shares of the Technology Company. The new investment brought the stake of investor firm to 7.70% having worth around $341.03 million. Moreover, Glenview Capital Management LLC increased its share by 1.3 million to have a control over 11.03 million shares. And Invesco Capital Management LLC raised its holdings to 1.69 million shares by acquiring 8.44 million shares or 4.36% of the stake.
DXC Technology Co (DXC) concluded trading on Thursday at a closing price of $23.19, with 2.68 million shares of worth about $62.08 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -18.29% during that period and on Thursday, January 25 the price saw a gain of about 1.89%. Currently the company’s common shares owned by public are about 214.72M shares, out of which, 191.31M shares are available for trading.
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According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 66 times over the past 12 months. They bought 2,506,530 shares in 33 of the transactions. In 33 selling transactions, insiders dumped 1,305,474 shares.
iShares Core S&P Small Cap ETF, Vanguard Total Stock Market ETF, and Templeton Growth Fund Inc. are the top 3 mutual funds which are holding stakes in DXC Technology Co iShares Core S&P Small Cap ETF is currently holding 12.96 million shares of worth totaling $296.36 million. The company recently came selling 21131.0 shares which brought its stake up to 6.69% of the company’s outstanding shares. Vanguard Total Stock Market ETF sold -0.36 million shares, after which its hold over company’s outstanding shares shrunk to 3.14%, leaving 6.09 million shares with the mutual fund that have a worth of about $139.26 million. Templeton Growth Fund Inc., after buying 5.65 million shares, have now control over 2.92% of the stake in the company. It holds 0.0 shares of worth $129.11 million.
However, the stock later moved at a day high price of 23.44, or with a gain of 1.89%. Stock saw a price change of 1.67% in past 5 days and over the past one month there was a price change of 1.62%. Year-to-date (YTD), DXC shares are showing a performance of 1.40% which decreased to -17.21% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $18.61 but also hit the highest price of $30.27 during that period. The average intraday trading volume for DXC Technology Co shares is 2.62 million. The stock is currently trading 0.75% above its 20-day simple moving average (SMA20), while that difference is up 0.05% for SMA50 and it goes to -0.47% lower than SMA200.
Templeton Global Advisors Ltd. acquired 14.91 million shares of DXC Technology Co having value of about $341.03 million. Data submitted at the U.S SEC by Templeton Global Advisors Ltd. revealed that the firm now holds 83853.0 shares in the company valued at close to $1944551.07, or have control over 0.57% stake in the company. DXC Technology Co (NYSE: DXC) currently have 214.72M outstanding shares and institutions hold larger chunk of about 98.34% of that. Holding of mutual funds in the company is about 37.59% while other institutional holders and individual stake holders have control over 62.24% and 2.64% of the stake respectively.
The stock has a current market capitalization of $4.49B and its 3Y-monthly beta is at 1.88. It has posted earnings per share of -$2.47 in the same period. It has Quick Ratio of 1.13 while making debt-to-equity ratio of 1.69. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for DXC, volatility over the week remained 1.95% while standing at 2.10% over the month.
Analysts are in expectations that DXC Technology Co (DXC) stock would likely to be making an EPS of $0.77 in the current quarter, while forecast for next quarter EPS is $1.09 and it is $3.93 for next year. For the current quarter EPS, analysts have given the company a lowest target $0.74 which is $0.8 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $0.95 in the same quarter a year ago. Stock’s fiscal year EPS is expected to drop by -8.57% while it is estimated to increase by 23.96% in next year.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by JP Morgan on January 24, 2024 offering an Underweight rating for the stock and assigned a target price range of between $27 and $24 to it.
