US Bancorp DE boosted its position in DXC Technology (NYSE:DXC – Free Report) by 9.7% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 48,011 shares of the company’s stock after purchasing an additional 4,228 shares during the quarter. US Bancorp DE’s holdings in DXC Technology were worth $1,018,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Pacer Advisors Inc. lifted its holdings in shares of DXC Technology by 86.8% during the fourth quarter. Pacer Advisors Inc. now owns 8,234,245 shares of the company’s stock worth $188,317,000 after buying an additional 3,827,176 shares in the last quarter. Glenview Capital Management LLC increased its position in DXC Technology by 33.6% during the fourth quarter. Glenview Capital Management LLC now owns 13,006,623 shares of the company’s stock worth $297,461,000 after acquiring an additional 3,272,212 shares during the period. Dimensional Fund Advisors LP raised its stake in DXC Technology by 19.6% in the 4th quarter. Dimensional Fund Advisors LP now owns 8,468,575 shares of the company’s stock worth $193,679,000 after purchasing an additional 1,386,314 shares in the last quarter. Teachers Retirement System of The State of Kentucky raised its stake in DXC Technology by 4,862.5% in the 4th quarter. Teachers Retirement System of The State of Kentucky now owns 1,031,649 shares of the company’s stock worth $23,593,000 after purchasing an additional 1,010,860 shares in the last quarter. Finally, Todd Asset Management LLC bought a new stake in DXC Technology in the 4th quarter valued at about $22,210,000. 96.20% of the stock is owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
A number of equities research analysts have recently weighed in on DXC shares. Stifel Nicolaus dropped their price target on shares of 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 cut their target price 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 raised their price target on DXC Technology from $15.00 to $19.00 and gave the stock a “neutral” rating in a research report on Wednesday, June 12th. BMO Capital Markets cut their price objective on shares of 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 decreased their target price on shares of DXC Technology from $22.00 to $18.00 and set a “hold” rating on the stock in a report on Tuesday, May 21st. Three research analysts have rated the stock with a sell rating and eight have issued a hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $20.14.
DXC Technology Stock Down 0.5 %
DXC stock opened at $19.67 on Monday. The firm has a 50-day moving average price of $17.87 and a 200-day moving average price of $20.10. DXC Technology has a 12 month low of $14.78 and a 12 month high of $28.89. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 1.25. The stock 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 issued its quarterly earnings data on Thursday, May 16th. The company reported $0.97 EPS for the quarter, beating the consensus estimate of $0.83 by $0.14. The business had revenue of $3.39 billion during the quarter, compared to the consensus estimate of $3.37 billion. DXC Technology had a net margin of 0.67% and a return on equity of 18.43%. The firm’s revenue was down 5.6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.02 EPS. As a group, equities research analysts anticipate that DXC Technology will post 2.73 EPS for the current fiscal year.
DXC Technology 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).
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