US Bancorp DE increased its holdings in DXC Technology (NYSE:DXC – free report) by 9.7% during the first quarter, according to the latest filing with the Securities and Exchange Commission (SEC). The firm purchased an additional 4,228 shares during the quarter, bringing its holdings to 48,011 shares of the company’s stock. US Bancorp DE’s holdings in DXC Technology were worth $1,018,000 at the end of the latest reporting period.
A number of other institutional investors and hedge funds have also recently added to or reduced shares of the company. Pacer Advisors increased its holdings of DXC Technology shares by 86.8% in the fourth quarter. Pacer Advisors now owns 8,234,245 shares of the company, valued at $188,317,000, after purchasing an additional 3,827,176 shares in the last quarter. Glenview Capital Management LLC increased its holdings of DXC Technology by 33.6% in the fourth quarter. Glenview Capital Management LLC acquired an additional 3,272,212 shares in the period and now owns 13,006,623 shares of the company, valued at $297,461,000. Dimensional Fund Advisors increased its holdings of DXC Technology shares by 19.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 8,468,575 shares of the company’s stock valued at $193,679,000 after purchasing an additional 1,386,314 shares in the last quarter. Kentucky Teachers Retirement System increased its stake in DXC Technology by 4,862.5% in the fourth quarter. Kentucky Teachers Retirement System now owns 1,031,649 shares of the company’s stock valued at $23,593,000 after purchasing an additional 1,010,860 shares in the last quarter. Finally, Todd Asset Management LLC purchased a new position in DXC Technology shares in the fourth quarter valued at approximately $22.21 million. 96.20% of the stock is held by institutional investors and hedge funds.
What Wall Street analysts are saying
A number of equities research analysts have recently issued their opinions on DXC stock. Stifel Nicolaus lowered their price target on DXC Technology from $21.00 to $19.00 and set a “hold” rating for the company in a research report on Friday, May 17th. Royal Bank of Canada lowered their price target on DXC Technology from $24.00 to $18.00 and set a “sector perform” rating for the company in a research report on Friday, May 17th. Susquehanna increased their price target on DXC Technology from $15.00 to $19.00 and set a “neutral” rating for the company in a research report on Wednesday, June 12th. BMO Capital Markets lowered their price target on DXC Technology from $23.00 to $17.50 and set a “market perform” rating for the company in a research report on Friday, May 17th. Finally, TD Cowen lowered their price target on shares of DXC Technology from $22.00 to $18.00 and gave the stock a “hold” rating in a report on Tuesday, May 21st. Three research analysts have rated the stock with a sell rating and eight have assigned a hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “hold” and a consensus target price of $20.14.
Get the latest DXC reports
DXC Technology shares fell 0.5%
DXC shares opened trading at $19.67 on Monday. The company’s 50-day moving average price is $17.87 and its 200-day moving average price is $20.10. DXC Technology’s 12-month low and high are $14.78 and $28.89, respectively. The company’s current ratio is 1.17, quick ratio is 1.17 and debt-to-equity ratio is 1.25. The company has a market capitalization of $3.55 billion, a P/E ratio of 53.16, a price-to-earnings-growth ratio of 2.25 and a beta of 1.73.
DXC Technology (NYSE:DXC – get free report ) last released its quarterly earnings data on Thursday, May 16th. The company reported quarterly EPS of $0.97, beating the consensus estimate of $0.83 by $0.14. The company’s quarterly revenue was $3.39 billion, beating the consensus estimate of $3.37 billion. DXC Technology had net margins of 0.67% and return on equity of 18.43%. The company’s revenue was down 5.6% year-over-year. EPS during the same period last year was $1.02. Equity research analysts expect DXC Technology to post EPS of $2.73 for the current fiscal year.
DXC Technology Profile
(Free report)
DXC Technology, together with its subsidiaries, provides information technology services and solutions in the United States, the United Kingdom, other European countries, Australia, and internationally. The company operates through two segments: Global Business Services (GBS) and Global Infrastructure Services (GIS).
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