US Bancorp DE lowered its position in DXC Technology (NYSE:DXC) by 4.9% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 84,638 shares of the company’s stock after selling 4,348 shares during the period. US Bancorp DE’s holdings in DXC Technology were worth $8,032,000 at the end of the most recent quarter.
Several other institutional investors have also recently modified their holdings of DXC. Advisory Services Network LLC acquired a new position in shares of DXC Technology during the 2nd quarter worth about $101,000. Cerebellum GP LLC purchased a new stake in DXC Technology during the 4th quarter valued at about $130,000. Patten Group Inc. purchased a new stake in DXC Technology during the 3rd quarter valued at about $320,000. Citizens Financial Group Inc. RI grew its stake in shares of DXC Technology by 68.2% in the 3rd quarter. Citizens Financial Group Inc. RI now owns 2,172 shares of the company’s stock valued at $187,000 after buying an additional 881 shares during the period. Finally, Tower Research Capital LLC TRC purchased a new stake in shares of DXC Technology in the 2nd quarter valued at approximately $169,000. Institutional investors and hedge funds own 84.62% of the company’s stock.
A number of equities analysts recently weighed in on DXC shares. Morgan Stanley increased their price objective on shares of DXC Technology from $104.00 to $114.00 and gave the stock an “overweight” rating in a research report on Monday, February 5th. Barclays increased their target price on shares of DXC Technology from $100.00 to $108.00 and gave the stock an “overweight” rating in a report on Wednesday, November 8th. Zacks Investment Research lowered shares of DXC Technology from a “buy” rating to a “hold” rating in a report on Friday, February 2nd. Cantor Fitzgerald restated a “hold” rating and issued a $93.00 price objective on shares of DXC Technology in a report on Wednesday, November 8th. Finally, Stifel Nicolaus increased their target price on shares of DXC Technology from $86.00 to $100.00 and gave the company a “hold” rating in a research report on Wednesday, November 8th. Four equities research analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the company. DXC Technology presently has an average rating of “Buy” and an average price target of $103.33.
Shares of DXC Technology (NYSE:DXC) traded up $0.08 on Friday, reaching $101.17. 1,048,532 shares of the company’s stock were exchanged, compared to its average volume of 1,701,011. The company has a current ratio of 0.99, a quick ratio of 1.00 and a debt-to-equity ratio of 0.48. The firm has a market capitalization of $28,880.00 and a PE ratio of 33.06. DXC Technology has a one year low of $67.76 and a one year high of $102.95.
DXC Technology (NYSE:DXC) last posted its quarterly earnings data on Thursday, February 8th. The company reported $2.15 earnings per share for the quarter, beating analysts’ consensus estimates of $1.99 by $0.16. The business had revenue of $6.19 billion during the quarter, compared to analyst estimates of $6.19 billion. DXC Technology had a net margin of 5.18% and a return on equity of 17.97%. The business’s quarterly revenue was up 222.7% on a year-over-year basis. research analysts predict that DXC Technology will post 7.83 earnings per share for the current fiscal year.
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DXC Technology Company Profile
DXC Technology Company, together with its subsidiaries, provides information technology services and solutions primarily in North America, Europe, Asia, and Australia. It operates through two segments, Global Business Services (GBS) and Global Infrastructure Services (GIS). The GBS segment offers technology solutions comprising consulting, applications services, and software.
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