DXC Technology Sees Unusually Large Options Volume (DXC)

DXC Technology (NYSE:DXC) was the recipient of some unusual options trading on Monday. Stock investors purchased 4,051 put options on the company. This represents an increase of approximately 802% compared to the average daily volume of 449 put options.

Shares of DXC stock opened at $100.97 on Tuesday. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.48. DXC Technology has a fifty-two week low of $73.51 and a fifty-two week high of $107.85. The company has a market capitalization of $28.63 billion, a price-to-earnings ratio of 32.57, a P/E/G ratio of 1.05 and a beta of 0.94.

A number of research firms recently weighed in on DXC. Deutsche Bank boosted their target price on DXC Technology from $90.00 to $100.00 and gave the stock a “hold” rating in a research report on Friday, February 9th. Citigroup boosted their target price on DXC Technology to $126.00 and gave the stock a “top pick” rating in a research report on Thursday, April 12th. ValuEngine upgraded DXC Technology from a “buy” rating to a “strong-buy” rating in a research report on Saturday, March 10th. BMO Capital Markets boosted their target price on DXC Technology from $110.00 to $117.00 and gave the stock an “outperform” rating in a research report on Friday, February 9th. Finally, SunTrust Banks upgraded DXC Technology from a “hold” rating to a “buy” rating in a research report on Wednesday, January 31st. Five analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $106.06.

In other news, insider John M. Lawrie sold 5,000 shares of DXC Technology stock in a transaction dated Friday, April 27th. The stock was sold at an average price of $103.04, for a total transaction of $515,200.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP William L. Deckelman, Jr. sold 2,886 shares of DXC Technology stock in a transaction dated Wednesday, May 16th. The shares were sold at an average price of $100.94, for a total value of $291,312.84. Following the sale, the executive vice president now owns 13,082 shares of the company’s stock, valued at approximately $1,320,497.08. The disclosure for this sale can be found here. In the last quarter, insiders have sold 22,886 shares of company stock valued at $2,343,380. Corporate insiders own 1.30% of the company’s stock.

Hedge funds have recently made changes to their positions in the business. Stuart Chaussee & Associates Inc. bought a new stake in DXC Technology in the fourth quarter valued at approximately $100,000. Calton & Associates Inc. bought a new stake in DXC Technology in the fourth quarter valued at approximately $112,000. Financial Gravity Companies Inc. bought a new stake in DXC Technology in the fourth quarter valued at approximately $130,000. Signaturefd LLC bought a new stake in DXC Technology in the first quarter valued at approximately $137,000. Finally, Cerebellum GP LLC bought a new stake in DXC Technology in the fourth quarter valued at approximately $130,000. Hedge funds and other institutional investors own 83.99% of the company’s stock.

About DXC Technology

DXC Technology Company, together with its subsidiaries, provides information technology services and solutions primarily in North America, Europe, Asia, and Australia. It operates through three segments: Global Business Services (GBS), Global Infrastructure Services (GIS), and United States Public Sector (USPS).

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