US Bancorp DE Boosts Stake in DXC Technology (NYSE:DXC)

US Bancorp DE increased its holdings in shares of DXC Technology (NYSE:DXCFree Report) by 268.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 43,783 shares of the company’s stock after acquiring an additional 31,915 shares during the quarter. US Bancorp DE’s holdings in DXC Technology were worth $1,001,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of DXC. NBC Securities Inc. purchased a new stake in DXC Technology in the 3rd quarter valued at $94,000. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. increased its position in DXC Technology by 12.5% during the third quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 102,478 shares of the company’s stock worth $2,135,000 after purchasing an additional 11,369 shares during the last quarter. abrdn plc increased its position in DXC Technology by 43.3% during the third quarter. abrdn plc now owns 39,148 shares of the company’s stock worth $815,000 after purchasing an additional 11,820 shares during the last quarter. Jump Financial LLC purchased a new position in DXC Technology during the third quarter worth about $570,000. Finally, Amalgamated Bank boosted its holdings in DXC Technology by 2.7% in the 3rd quarter. Amalgamated Bank now owns 73,961 shares of the company’s stock valued at $1,541,000 after purchasing an additional 1,921 shares during the last quarter. Hedge funds and other institutional investors own 96.20% of the company’s stock.

DXC Technology Price Performance

DXC stock opened at $15.75 on Tuesday. DXC Technology has a 1 year low of $14.78 and a 1 year high of $28.89. The firm has a market capitalization of $2.82 billion, a P/E ratio of 42.57, a P/E/G ratio of 1.78 and a beta of 1.73. The company has a debt-to-equity ratio of 1.25, a current ratio of 1.17 and a quick ratio of 1.17. The business’s 50-day moving average is $19.20 and its two-hundred day moving average is $21.27.

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

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the stock. Royal Bank of Canada cut their price target on shares of DXC Technology from $24.00 to $18.00 and set a “sector perform” rating for the company in a report on Friday, May 17th. Morgan Stanley reduced their target price on DXC Technology from $21.00 to $18.00 and set an “equal weight” rating on the stock in a research report on Friday, May 17th. 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 report on Friday, May 17th. TD Cowen reduced their price objective 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. Finally, Guggenheim started coverage on shares of DXC Technology in a research note on Tuesday, March 19th. They set a “neutral” rating and a $22.00 target price for the company. Three equities research analysts have rated the stock with a sell rating and eight have issued a hold rating to the company. Based on data from MarketBeat.com, DXC Technology presently has a consensus rating of “Hold” and an average price target of $19.77.

View Our Latest Stock 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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