Fifth Third Bancorp Has $1.20 Million Stock Position in DXC Technology Company. $DXC

Fifth Third Bancorp raised its stake in DXC Technology Company. (NYSE:DXC) by 4,433.1% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 95,286 shares of the company’s stock after acquiring an additional 93,184 shares during the quarter. Fifth Third Bancorp owned about 0.06% of DXC Technology worth $1,198,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently bought and sold shares of DXC. Range Financial Group LLC boosted its stake in DXC Technology by 51.9% in the first quarter. Range Financial Group LLC now owns 19,556 shares of the company’s stock valued at $246,000 after acquiring an additional 6,678 shares during the last quarter. Waterfront Wealth Inc. grew its stake in shares of DXC Technology by 9.0% during the first quarter. Waterfront Wealth Inc. now owns 240,717 shares of the company’s stock worth $3,026,000 after purchasing an additional 19,795 shares during the period. DGS Capital Management LLC increased its holdings in DXC Technology by 121.6% in the first quarter. DGS Capital Management LLC now owns 33,883 shares of the company’s stock valued at $426,000 after purchasing an additional 18,593 shares during the last quarter. Counterpoint Mutual Funds LLC acquired a new position in DXC Technology in the first quarter valued at about $589,000. Finally, Fideuram Intesa Sanpaolo Private Banking S.P.A. bought a new position in DXC Technology during the first quarter worth about $298,000. Institutional investors and hedge funds own 96.20% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on DXC shares. TD Cowen cut their price target on shares of DXC Technology from $11.00 to $10.00 and set a “hold” rating on the stock in a research report on Thursday, July 9th. Weiss Ratings lowered shares of DXC Technology from a “sell (d+)” rating to a “sell (d)” rating in a report on Monday, May 11th. Royal Bank Of Canada reissued a “sector perform” rating and issued a $16.00 price target on shares of DXC Technology in a report on Friday, June 12th. Wall Street Zen cut shares of DXC Technology from a “buy” rating to a “hold” rating in a research report on Saturday, March 28th. Finally, BMO Capital Markets reduced their target price on DXC Technology from $17.00 to $10.00 and set a “market perform” rating on the stock in a report on Monday, May 11th. Seven analysts have rated the stock with a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Reduce” and a consensus target price of $12.25.

Insider Activity

In other news, CEO Raul J. Fernandez acquired 28,051 shares of DXC Technology stock in a transaction on Monday, May 11th. The shares were purchased at an average cost of $8.90 per share, for a total transaction of $249,653.90. Following the completion of the purchase, the chief executive officer directly owned 844,052 shares of the company’s stock, valued at approximately $7,512,062.80. This represents a 3.44% increase in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Company insiders own 1.13% of the company’s stock.

DXC Technology Stock Performance

Shares of DXC stock opened at $10.10 on Friday. The company has a fifty day moving average price of $9.24 and a two-hundred day moving average price of $11.57. DXC Technology Company. has a one year low of $7.90 and a one year high of $15.68. The stock has a market cap of $1.65 billion, a P/E ratio of 168.28 and a beta of 0.82. The company has a debt-to-equity ratio of 0.94, a current ratio of 1.36 and a quick ratio of 1.36.

DXC Technology (NYSE:DXC) last issued its earnings results on Friday, May 8th. The company reported $0.77 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.70 by $0.07. The company had revenue of $3.13 billion for the quarter, compared to analysts’ expectations of $3.17 billion. DXC Technology had a net margin of 0.14% and a return on equity of 17.24%. DXC Technology’s quarterly revenue was down 1.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.84 EPS. As a group, equities analysts predict that DXC Technology Company. will post 2.61 EPS for the current year.

DXC Technology Profile

DXC Technology, headquartered in Tysons Corner, Virginia, is a global leader in IT services and solutions. The company was formed in 2017 through the merger of Computer Sciences Corporation (CSC) and the Enterprise Services business of Hewlett Packard Enterprise, combining decades of experience in consulting, systems integration and managed services. Since its inception, DXC has focused on helping clients modernize IT environments and drive digital transformation across their organizations.

DXC Technology’s core service offerings encompass cloud and platform services, applications and analytics, security, and workplace and mobility solutions.