US Bancorp DE Sells 1,695 Shares of DXC Technology Company. (NYSE:DXC)

US Bancorp DE cut its holdings in shares of DXC Technology Company. (NYSE:DXC) by 12.6% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 11,711 shares of the company’s stock after selling 1,695 shares during the quarter. US Bancorp DE’s holdings in DXC Technology were worth $200,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of DXC. AQR Capital Management LLC raised its holdings in DXC Technology by 43.8% during the fourth quarter. AQR Capital Management LLC now owns 1,943,649 shares of the company’s stock valued at $38,834,000 after acquiring an additional 591,841 shares during the period. Deutsche Bank AG grew its position in shares of DXC Technology by 99.3% during the fourth quarter. Deutsche Bank AG now owns 1,173,407 shares of the company’s stock valued at $23,445,000 after purchasing an additional 584,678 shares in the last quarter. Dimensional Fund Advisors LP grew its position in shares of DXC Technology by 3.8% during the fourth quarter. Dimensional Fund Advisors LP now owns 10,436,557 shares of the company’s stock valued at $208,524,000 after purchasing an additional 378,338 shares in the last quarter. Assenagon Asset Management S.A. grew its position in shares of DXC Technology by 44.9% during the first quarter. Assenagon Asset Management S.A. now owns 970,166 shares of the company’s stock valued at $16,541,000 after purchasing an additional 300,590 shares in the last quarter. Finally, Edgestream Partners L.P. purchased a new position in shares of DXC Technology during the first quarter valued at about $4,534,000. 96.20% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on the company. Guggenheim restated a “neutral” rating on shares of DXC Technology in a research report on Monday, May 12th. Wall Street Zen upgraded DXC Technology from a “hold” rating to a “buy” rating in a research report on Sunday, July 20th. Royal Bank Of Canada cut their price objective on DXC Technology from $18.00 to $16.00 and set a “sector perform” rating for the company in a research report on Friday, August 1st. BMO Capital Markets cut their price objective on 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. Finally, Susquehanna cut their price objective on DXC Technology from $23.00 to $16.00 and set a “neutral” rating for the company in a research report on Wednesday, April 23rd. One research analyst has rated the stock with a sell rating, five have given a hold rating and one has issued a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $16.40.

DXC Technology Trading Down 0.4%

DXC opened at $13.73 on Friday. The firm has a market cap of $2.46 billion, a P/E ratio of 6.67 and a beta of 1.18. DXC Technology Company. has a 12 month low of $12.24 and a 12 month high of $24.83. The company has a current ratio of 1.22, a quick ratio of 1.22 and a debt-to-equity ratio of 0.90. The stock has a 50-day moving average of $14.65 and a 200 day moving average of $16.22.

DXC Technology (NYSE:DXC) last released its quarterly earnings results on Thursday, July 31st. The company reported $0.68 EPS for the quarter, topping the consensus estimate of $0.64 by $0.04. The company had revenue of $3.16 billion during the quarter, compared to analyst estimates of $3.06 billion. DXC Technology had a return on equity of 18.59% and a net margin of 2.96%. The firm’s revenue was down 2.4% on a year-over-year basis. During the same quarter last year, the business posted $0.74 earnings per share. As a group, research analysts forecast that DXC Technology Company. will post 3.35 EPS for the current year.

DXC Technology 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).