Allianz Asset Management GmbH Has $10.88 Million Stock Holdings in DXC Technology Company. $DXC

Allianz Asset Management GmbH boosted its stake in shares of DXC Technology Company. (NYSE:DXC) by 19.3% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 798,164 shares of the company’s stock after buying an additional 129,186 shares during the period. Allianz Asset Management GmbH owned about 0.45% of DXC Technology worth $10,879,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Royal Bank of Canada grew its holdings in shares of DXC Technology by 156.3% during the first quarter. Royal Bank of Canada now owns 99,930 shares of the company’s stock valued at $1,703,000 after buying an additional 60,935 shares in the last quarter. Goldman Sachs Group Inc. grew its stake in DXC Technology by 4.1% during the 1st quarter. Goldman Sachs Group Inc. now owns 1,239,558 shares of the company’s stock valued at $21,134,000 after acquiring an additional 49,228 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in DXC Technology by 4.9% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 735,597 shares of the company’s stock valued at $12,542,000 after acquiring an additional 34,544 shares in the last quarter. KLP Kapitalforvaltning AS increased its holdings in shares of DXC Technology by 7.4% in the 2nd quarter. KLP Kapitalforvaltning AS now owns 49,300 shares of the company’s stock valued at $754,000 after purchasing an additional 3,400 shares during the period. Finally, Maryland State Retirement & Pension System lifted its position in shares of DXC Technology by 1.1% in the second quarter. Maryland State Retirement & Pension System now owns 61,629 shares of the company’s stock worth $942,000 after purchasing an additional 691 shares in the last quarter. 96.20% of the stock is currently owned by institutional investors and hedge funds.

DXC Technology Price Performance

NYSE DXC opened at $15.22 on Monday. The stock has a market capitalization of $2.58 billion, a PE ratio of 6.53 and a beta of 1.07. The stock has a 50-day simple moving average of $14.75 and a 200 day simple moving average of $14.00. The company has a debt-to-equity ratio of 0.91, a quick ratio of 1.35 and a current ratio of 1.35. DXC Technology Company. has a twelve month low of $11.82 and a twelve month high of $22.40.

DXC Technology (NYSE:DXC) last posted its quarterly earnings results on Thursday, January 29th. The company reported $0.96 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.83 by $0.13. DXC Technology had a net margin of 3.34% and a return on equity of 17.56%. The company had revenue of $3.19 billion for the quarter, compared to analyst estimates of $3.18 billion. During the same period last year, the business posted $0.92 EPS. The business’s quarterly revenue was down 1.0% on a year-over-year basis. Research analysts anticipate that DXC Technology Company. will post 3.35 EPS for the current year.

Insiders Place Their Bets

In other news, CEO Raul J. Fernandez bought 16,446 shares of the stock in a transaction dated Monday, February 2nd. The shares were acquired at an average price of $15.24 per share, with a total value of $250,637.04. Following the acquisition, the chief executive officer owned 816,001 shares in the company, valued at $12,435,855.24. This trade represents a 2.06% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, SVP Christopher Anthony Voci sold 2,500 shares of the company’s stock in a transaction dated Thursday, December 11th. The stock was sold at an average price of $15.15, for a total transaction of $37,875.00. Following the sale, the senior vice president directly owned 88,605 shares in the company, valued at $1,342,365.75. This represents a 2.74% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Corporate insiders own 0.61% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the stock. BMO Capital Markets lifted their target price on shares of DXC Technology from $15.00 to $17.00 and gave the company a “market perform” rating in a research note on Tuesday, February 3rd. Wall Street Zen cut DXC Technology from a “buy” rating to a “hold” rating in a research report on Saturday, January 31st. Zacks Research upgraded DXC Technology from a “hold” rating to a “strong-buy” rating in a research note on Monday, February 2nd. Stifel Nicolaus cut their price target on DXC Technology from $15.00 to $14.00 and set a “hold” rating for the company in a research note on Friday, October 31st. Finally, Wolfe Research set a $13.00 price target on DXC Technology and gave the company an “underperform” rating in a report on Friday, January 30th. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Reduce” and a consensus target price of $14.71.

DXC Technology Company 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.