Allspring Global Investments Holdings LLC Has $1.23 Million Position in DXC Technology (NYSE:DXC)

Allspring Global Investments Holdings LLC reduced its position in shares of DXC Technology (NYSE:DXC) by 55.2% during the 4th quarter, Holdings Channel.com reports. The firm owned 53,606 shares of the company’s stock after selling 66,051 shares during the period. Allspring Global Investments Holdings LLC’s holdings in DXC Technology were worth $1,226,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in DXC. CWM LLC raised its stake in DXC Technology by 108.4% during the 3rd quarter. CWM LLC now owns 6,952 shares of the company’s stock valued at $145,000 after purchasing an additional 3,616 shares during the period. Czech National Bank increased its stake in shares of DXC Technology by 33.1% in the third quarter. Czech National Bank now owns 35,861 shares of the company’s stock worth $747,000 after acquiring an additional 8,908 shares during the last quarter. Robeco Institutional Asset Management B.V. increased its stake in shares of DXC Technology by 23.2% in the third quarter. Robeco Institutional Asset Management B.V. now owns 147,965 shares of the company’s stock worth $3,082,000 after acquiring an additional 27,839 shares during the last quarter. Xponance Inc. increased its stake in shares of DXC Technology by 5.0% in the third quarter. Xponance Inc. now owns 36,464 shares of the company’s stock worth $760,000 after acquiring an additional 1,720 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of DXC Technology by 12.9% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 42,127 shares of the company’s stock worth $878,000 after acquiring an additional 4,798 shares during the last quarter. 96.20% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

DXC has been the topic of a number of research reports. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $24.00 price target on shares of DXC Technology in a research note on Friday, February 2nd. Guggenheim initiated coverage on shares of DXC Technology in a research note on Tuesday, March 19th. They issued a “neutral” rating and a $22.00 price target on the stock. Citigroup downgraded shares of DXC Technology from a “neutral” rating to a “sell” rating and dropped their price target for the stock from $24.00 to $21.00 in a research note on Wednesday, January 17th. Finally, JPMorgan Chase & Co. downgraded shares of DXC Technology from a “neutral” rating to an “underweight” rating and dropped their price target for the stock from $27.00 to $24.00 in a research note on Wednesday, January 24th. Three analysts have rated the stock with a sell rating and six have issued a hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $23.20.

Insider Activity

In other news, EVP William L. Deckelman, Jr. sold 18,102 shares of the firm’s stock in a transaction dated Thursday, February 29th. The stock was sold at an average price of $21.73, for a total value of $393,356.46. Following the sale, the executive vice president now directly owns 124,806 shares of the company’s stock, valued at $2,712,034.38. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 0.87% of the stock is currently owned by company insiders.

DXC Technology Trading Up 3.6 %

Shares of NYSE:DXC opened at $21.16 on Wednesday. The stock has a market capitalization of $3.87 billion, a PE ratio of -11.08, a P/E/G ratio of 1.81 and a beta of 1.85. DXC Technology has a 1 year low of $18.61 and a 1 year high of $28.89. The firm has a fifty day moving average price of $20.94 and a 200 day moving average price of $21.93. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 1.15.

DXC Technology (NYSE:DXC) last issued its quarterly earnings data on Thursday, February 1st. The company reported $0.87 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.77 by $0.10. The firm had revenue of $3.40 billion during the quarter, compared to analysts’ expectations of $3.36 billion. DXC Technology had a negative net margin of 3.35% and a positive return on equity of 19.00%. DXC Technology’s revenue for the quarter was down 4.7% on a year-over-year basis. During the same period in the prior year, the company posted $0.95 earnings per share. Analysts expect that DXC Technology will post 3.03 EPS for the current fiscal year.

DXC Technology Company Profile

DXC Technology Company, together with its subsidiaries, provides information technology services and solutions primarily 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).