DXC Technology (NYSE:DXC) Shares Sold by PNC Financial Services Group Inc.

PNC Financial Services Group Inc. lowered its position in shares of DXC Technology (NYSE:DXCFree Report) by 21.6% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 50,030 shares of the company’s stock after selling 13,770 shares during the quarter. PNC Financial Services Group Inc.’s holdings in DXC Technology were worth $1,144,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in DXC. Pacer Advisors Inc. raised its stake in shares of DXC Technology by 86.8% during the 4th quarter. Pacer Advisors Inc. now owns 8,234,245 shares of the company’s stock valued at $188,317,000 after buying an additional 3,827,176 shares during the last quarter. Invesco Ltd. raised its stake in shares of DXC Technology by 9.5% during the 3rd quarter. Invesco Ltd. now owns 17,080,376 shares of the company’s stock valued at $355,784,000 after buying an additional 1,478,484 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in shares of DXC Technology by 19.6% during the 4th quarter. Dimensional Fund Advisors LP now owns 8,468,575 shares of the company’s stock valued at $193,679,000 after buying an additional 1,386,314 shares during the last quarter. Jacobs Levy Equity Management Inc. raised its stake in shares of DXC Technology by 3,407.2% during the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 1,411,199 shares of the company’s stock valued at $29,395,000 after buying an additional 1,370,962 shares during the last quarter. Finally, Todd Asset Management LLC purchased a new position in shares of DXC Technology during the 4th quarter valued at about $22,210,000. Institutional investors and hedge funds own 96.20% of the company’s stock.

DXC Technology Price Performance

NYSE:DXC opened at $15.09 on Thursday. DXC Technology has a 12 month low of $14.85 and a 12 month high of $28.89. The stock has a 50 day moving average of $19.51 and a two-hundred day moving average of $21.43. 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 firm has a market cap of $2.70 billion, a P/E ratio of 40.78, a price-to-earnings-growth ratio of 1.79 and a beta of 1.85.

DXC Technology (NYSE:DXCGet Free Report) last posted its quarterly earnings data on Thursday, May 16th. The company reported $0.97 EPS for the quarter, topping the consensus estimate of $0.83 by $0.14. DXC Technology had a return on equity of 18.43% and a net margin of 0.67%. The company had revenue of $3.39 billion during the quarter, compared to analyst estimates of $3.37 billion. During the same period in the previous year, the business earned $1.02 EPS. DXC Technology’s quarterly revenue was down 5.6% on a year-over-year basis. On average, analysts expect that DXC Technology will post 2.73 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

DXC has been the subject of a number of recent research reports. Morgan Stanley reduced their price objective on DXC Technology from $21.00 to $18.00 and set an “equal weight” rating for the company in a research note on Friday, May 17th. Stifel Nicolaus cut their price target on DXC Technology from $21.00 to $19.00 and set a “hold” rating for the company in a research note on Friday, May 17th. BMO Capital Markets cut their price target on DXC Technology from $23.00 to $17.50 and set a “market perform” rating for the company in a research note on Friday, May 17th. Susquehanna cut their price target on DXC Technology from $22.00 to $15.00 and set a “neutral” rating for the company in a research note on Friday, May 17th. Finally, Guggenheim initiated coverage on DXC Technology in a research note on Tuesday, March 19th. They issued a “neutral” rating and a $22.00 price target for the company. Three equities research analysts have rated the stock with a sell rating and eight have assigned a hold rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $19.77.

View Our Latest Analysis on DXC Technology

DXC Technology Profile

(Free Report)

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

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