DXC Technology Company. $DXC Stock Holdings Lifted by American Century Companies Inc.

American Century Companies Inc. lifted its holdings in shares of DXC Technology Company. (NYSE:DXC) by 7.6% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 6,995,343 shares of the company’s stock after buying an additional 491,668 shares during the period. American Century Companies Inc. owned 3.91% of DXC Technology worth $106,959,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of DXC. Signaturefd LLC lifted its holdings in DXC Technology by 187.3% in the second quarter. Signaturefd LLC now owns 3,054 shares of the company’s stock worth $47,000 after acquiring an additional 1,991 shares during the last quarter. Wealthquest Corp acquired a new stake in shares of DXC Technology during the 1st quarter worth approximately $49,000. Allworth Financial LP lifted its holdings in shares of DXC Technology by 68.9% in the 2nd quarter. Allworth Financial LP now owns 3,330 shares of the company’s stock worth $51,000 after purchasing an additional 1,359 shares during the last quarter. Parallel Advisors LLC boosted its position in DXC Technology by 273.9% during the 2nd quarter. Parallel Advisors LLC now owns 6,218 shares of the company’s stock valued at $95,000 after purchasing an additional 4,555 shares during the period. Finally, Hennessy Advisors Inc. bought a new position in DXC Technology during the 2nd quarter worth $97,000. Institutional investors and hedge funds own 96.20% of the company’s stock.

DXC Technology Stock Performance

DXC stock opened at $13.07 on Wednesday. The company has a 50-day simple moving average of $13.34 and a 200 day simple moving average of $14.24. The company has a market capitalization of $2.28 billion, a P/E ratio of 6.34 and a beta of 1.15. The company has a quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 0.90. DXC Technology Company. has a fifty-two week low of $11.82 and a fifty-two week high of $23.75.

DXC Technology (NYSE:DXC) last released its earnings results on Friday, October 31st. The company reported $0.84 EPS for the quarter, beating the consensus estimate of $0.71 by $0.13. The firm had revenue of $3.16 billion for the quarter, compared to analysts’ expectations of $3.17 billion. DXC Technology had a net margin of 2.96% and a return on equity of 18.59%. DXC Technology’s quarterly revenue was down 2.5% on a year-over-year basis. During the same quarter last year, the company earned $0.93 EPS. Sell-side analysts predict that DXC Technology Company. will post 3.35 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research firms have issued reports on DXC. Susquehanna set a $14.00 target price on DXC Technology and gave the company a “neutral” rating in a research note on Friday, October 31st. Royal Bank Of Canada dropped their price objective on shares of DXC Technology from $18.00 to $16.00 and set a “sector perform” rating on the stock in a report on Friday, August 1st. JPMorgan Chase & Co. cut their price objective on shares of DXC Technology from $18.00 to $14.00 and set an “underweight” rating on the stock in a research report on Wednesday, August 20th. Stifel Nicolaus decreased their target price on shares of DXC Technology from $15.00 to $14.00 and set a “hold” rating for the company in a research report on Friday, October 31st. Finally, Weiss Ratings restated a “sell (d)” rating on shares of DXC Technology in a research note on Wednesday, October 8th. Six research analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Reduce” and a consensus price target of $15.00.

Insider Buying and Selling

In related news, SVP Christopher Anthony Voci sold 2,500 shares of the business’s stock in a transaction that occurred on Thursday, September 11th. The stock was sold at an average price of $14.52, for a total transaction of $36,300.00. Following the sale, the senior vice president owned 91,105 shares of the company’s stock, valued at $1,322,844.60. The trade was a 2.67% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.61% of the stock is currently owned by insiders.

About DXC Technology

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).