DXC Technology (NYSE:DXC) Shares Sold by US Bancorp DE

US Bancorp DE cut its holdings in DXC Technology (NYSE:DXCGet Rating) by 33.6% during the third quarter, HoldingsChannel reports. The firm owned 14,298 shares of the company’s stock after selling 7,230 shares during the period. US Bancorp DE’s holdings in DXC Technology were worth $351,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of DXC. American Century Companies Inc. increased its stake in DXC Technology by 52.2% in the first quarter. American Century Companies Inc. now owns 80,959 shares of the company’s stock valued at $2,641,000 after purchasing an additional 27,781 shares during the period. HighTower Advisors LLC increased its stake in shares of DXC Technology by 11.7% during the first quarter. HighTower Advisors LLC now owns 8,776 shares of the company’s stock worth $284,000 after acquiring an additional 921 shares during the period. Acadian Asset Management LLC increased its stake in shares of DXC Technology by 432.5% during the first quarter. Acadian Asset Management LLC now owns 16,497 shares of the company’s stock worth $538,000 after acquiring an additional 13,399 shares during the period. MetLife Investment Management LLC increased its stake in shares of DXC Technology by 19.3% during the first quarter. MetLife Investment Management LLC now owns 66,501 shares of the company’s stock worth $2,170,000 after acquiring an additional 10,773 shares during the period. Finally, Panagora Asset Management Inc. increased its stake in shares of DXC Technology by 96.6% during the first quarter. Panagora Asset Management Inc. now owns 16,197 shares of the company’s stock worth $529,000 after acquiring an additional 7,957 shares during the period. 89.19% of the stock is currently owned by institutional investors and hedge funds.

DXC Technology Stock Down 3.9 %

Shares of NYSE DXC opened at $28.01 on Wednesday. DXC Technology has a 12-month low of $22.65 and a 12-month high of $39.65. The company has a market capitalization of $6.44 billion, a PE ratio of 9.12, a price-to-earnings-growth ratio of 0.67 and a beta of 1.92. The company has a debt-to-equity ratio of 0.75, a current ratio of 1.14 and a quick ratio of 1.14. The firm’s 50-day moving average is $27.88 and its two-hundred day moving average is $27.66.

DXC Technology (NYSE:DXCGet Rating) last announced its quarterly earnings results on Thursday, November 3rd. The company reported $0.75 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.72 by $0.03. DXC Technology had a net margin of 4.93% and a return on equity of 15.59%. The company had revenue of $3.57 billion for the quarter, compared to the consensus estimate of $3.56 billion. Equities analysts anticipate that DXC Technology will post 3.48 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on DXC shares. JPMorgan Chase & Co. upgraded shares of DXC Technology from an “underweight” rating to a “neutral” rating and boosted their price target for the stock from $31.00 to $33.00 in a research note on Thursday, December 15th. Royal Bank of Canada boosted their price target on shares of DXC Technology from $34.00 to $38.00 and gave the stock an “outperform” rating in a research note on Monday, November 7th. BMO Capital Markets dropped their price target on shares of DXC Technology from $36.00 to $33.00 and set an “outperform” rating on the stock in a research note on Friday, November 4th. Finally, Moffett Nathanson lowered shares of DXC Technology from a “market perform” rating to an “underperform” rating and dropped their price target for the stock from $32.00 to $28.00 in a research note on Thursday, January 19th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $34.50.

Insider Buying and Selling at DXC Technology

In other DXC Technology news, Director Raul J. Fernandez sold 5,000 shares of the company’s stock in a transaction dated Wednesday, November 23rd. The shares were sold at an average price of $29.75, for a total value of $148,750.00. Following the sale, the director now owns 47,092 shares of the company’s stock, valued at $1,400,987. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other DXC Technology news, Director Raul J. Fernandez sold 5,000 shares of the company’s stock in a transaction dated Wednesday, November 23rd. The shares were sold at an average price of $29.75, for a total value of $148,750.00. Following the sale, the director now owns 47,092 shares of the company’s stock, valued at $1,400,987. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Raul J. Fernandez sold 10,000 shares of the company’s stock in a transaction that occurred on Friday, November 11th. The shares were sold at an average price of $29.39, for a total transaction of $293,900.00. Following the transaction, the director now directly owns 52,092 shares in the company, valued at approximately $1,530,983.88. The disclosure for this sale can be found here. Insiders own 0.47% of the company’s stock.

DXC Technology Company Profile

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DXC Technology Co provides technology consulting, outsourcing and support services. It operates through the following segments: Global Business Services (GBS) and Global Infrastructure Services (GIS). The GBS segment provides technology solutions that help clients address challenges and accelerate the digital transformations that are tailored to each client’s specific objectives.

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Institutional Ownership by Quarter for DXC Technology (NYSE:DXC)

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