Bank of New York Mellon Corp Has $24.90 Million Stake in DXC Technology Company. (NYSE:DXC)

Bank of New York Mellon Corp decreased its stake in shares of DXC Technology Company. (NYSE:DXC) by 5.9% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 1,460,366 shares of the company’s stock after selling 90,961 shares during the quarter. Bank of New York Mellon Corp owned about 0.81% of DXC Technology worth $24,899,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently modified their holdings of the stock. Treasurer of the State of North Carolina grew its position in shares of DXC Technology by 0.6% during the 4th quarter. Treasurer of the State of North Carolina now owns 78,639 shares of the company’s stock worth $1,571,000 after buying an additional 490 shares during the period. Vident Advisory LLC grew its position in shares of DXC Technology by 2.5% during the 4th quarter. Vident Advisory LLC now owns 25,279 shares of the company’s stock worth $505,000 after buying an additional 624 shares during the period. Corient Private Wealth LLC grew its position in DXC Technology by 2.3% in the 4th quarter. Corient Private Wealth LLC now owns 32,796 shares of the company’s stock valued at $655,000 after purchasing an additional 740 shares during the period. Covestor Ltd grew its position in DXC Technology by 3.4% in the 4th quarter. Covestor Ltd now owns 34,764 shares of the company’s stock valued at $694,000 after purchasing an additional 1,158 shares during the period. Finally, GAMMA Investing LLC grew its position in DXC Technology by 37.4% in the 1st quarter. GAMMA Investing LLC now owns 4,507 shares of the company’s stock valued at $77,000 after purchasing an additional 1,226 shares during the period. Institutional investors and hedge funds own 96.20% of the company’s stock.

Analyst Upgrades and Downgrades

DXC has been the subject of several research reports. Morgan Stanley reduced their price target on shares of DXC Technology from $22.00 to $16.00 and set an “equal weight” rating for the company in a research report on Thursday, May 15th. BMO Capital Markets reduced their price target on shares of DXC Technology from $26.00 to $17.00 and set a “market perform” rating for the company in a research report on Thursday, May 15th. Royal Bank Of Canada reduced their price target on shares of DXC Technology from $27.00 to $18.00 and set a “sector perform” rating for the company in a research report on Thursday, May 15th. Susquehanna reduced their price target on shares of DXC Technology from $23.00 to $16.00 and set a “neutral” rating for the company in a research report on Wednesday, April 23rd. Finally, Guggenheim reissued a “neutral” rating on shares of DXC Technology in a research report on Monday, May 12th. One analyst has rated the stock with a sell rating and six have issued a hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $17.00.

DXC Technology Price Performance

Shares of NYSE:DXC opened at $14.31 on Thursday. The company’s 50-day moving average is $15.39 and its 200 day moving average is $17.23. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.22 and a current ratio of 1.22. The company has a market capitalization of $2.59 billion, a P/E ratio of 6.78 and a beta of 1.20. DXC Technology Company. has a fifty-two week low of $13.44 and a fifty-two week high of $24.83.

DXC Technology (NYSE:DXC) last announced its quarterly earnings data on Wednesday, May 14th. The company reported $0.84 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.76 by $0.08. DXC Technology had a return on equity of 19.36% and a net margin of 3.02%. The business had revenue of $3.17 billion for the quarter, compared to analysts’ expectations of $3.13 billion. During the same period in the previous year, the business posted $0.97 EPS. The firm’s quarterly revenue was down 6.4% compared to the same quarter last year. On average, equities research analysts forecast that DXC Technology Company. will post 3.35 earnings per share for the current year.

DXC Technology Company 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).