Traders Purchase High Volume of Put Options on DXC Technology (NYSE:DXC)

DXC Technology (NYSE:DXC) saw some unusual options trading activity on Thursday. Stock traders purchased 2,646 put options on the company. This represents an increase of 412% compared to the typical volume of 517 put options.

Analyst Ratings Changes

Separately, Morgan Stanley lifted their price objective on DXC Technology from $20.00 to $22.00 and gave the stock an “equal weight” rating in a research note on Friday, January 31st. One investment analyst has rated the stock with a sell rating and six have assigned a hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $21.29.

DXC Technology Stock Down 1.7 %

Shares of DXC opened at $17.10 on Friday. The company has a debt-to-equity ratio of 1.12, a quick ratio of 1.34 and a current ratio of 1.34. The company has a 50-day simple moving average of $19.35 and a 200-day simple moving average of $20.38. DXC Technology has a 52 week low of $14.79 and a 52 week high of $24.83. The firm has a market capitalization of $3.10 billion, a P/E ratio of -40.70, a P/E/G ratio of 1.16 and a beta of 1.62.

DXC Technology (NYSE:DXC) last posted its quarterly earnings results on Tuesday, February 4th. The company reported $0.92 EPS for the quarter, beating the consensus estimate of $0.69 by $0.23. DXC Technology had a positive return on equity of 20.70% and a negative net margin of 0.57%. On average, equities research analysts expect that DXC Technology will post 3.35 earnings per share for the current year.

Institutional Investors Weigh In On DXC Technology

A number of institutional investors have recently bought and sold shares of the business. Wealth Enhancement Advisory Services LLC lifted its holdings in shares of DXC Technology by 116.7% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 33,622 shares of the company’s stock worth $672,000 after acquiring an additional 18,103 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH bought a new position in DXC Technology during the fourth quarter worth about $3,542,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in DXC Technology by 15.5% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 701,053 shares of the company’s stock valued at $14,007,000 after purchasing an additional 94,105 shares in the last quarter. Voloridge Investment Management LLC boosted its holdings in DXC Technology by 36.4% during the fourth quarter. Voloridge Investment Management LLC now owns 512,341 shares of the company’s stock valued at $10,237,000 after purchasing an additional 136,617 shares in the last quarter. Finally, Vident Advisory LLC grew its stake in shares of DXC Technology by 2.5% in the 4th quarter. Vident Advisory LLC now owns 25,279 shares of the company’s stock valued at $505,000 after purchasing an additional 624 shares during the period. Institutional investors and hedge funds own 96.20% of the company’s stock.

DXC Technology Company Profile

DXC Technology Company, together with its subsidiaries, provides information technology services and solutions in the United States, the United Kingdom, rest of Europe, Australia, and internationally. It operates in two segments, Global Business Services (GBS) and Global Infrastructure Services (GIS).