Securian Asset Management Inc cut its position in shares of DXC Technology Co (NYSE:DXC) by 0.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 28,284 shares of the company’s stock after selling 247 shares during the period. Securian Asset Management Inc’s holdings in DXC Technology were worth $1,504,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its position in shares of DXC Technology by 0.6% during the third quarter. Vanguard Group Inc. now owns 20,616,012 shares of the company’s stock valued at $1,928,010,000 after purchasing an additional 122,686 shares during the period. Vanguard Group Inc increased its position in shares of DXC Technology by 0.6% during the third quarter. Vanguard Group Inc now owns 20,616,012 shares of the company’s stock valued at $1,928,010,000 after purchasing an additional 122,686 shares during the period. FMR LLC increased its position in shares of DXC Technology by 7.1% during the second quarter. FMR LLC now owns 4,819,523 shares of the company’s stock valued at $388,502,000 after purchasing an additional 319,168 shares during the period. Bank of New York Mellon Corp increased its position in shares of DXC Technology by 19.4% during the third quarter. Bank of New York Mellon Corp now owns 4,091,598 shares of the company’s stock valued at $382,647,000 after purchasing an additional 663,791 shares during the period. Finally, AQR Capital Management LLC increased its position in shares of DXC Technology by 23.0% during the third quarter. AQR Capital Management LLC now owns 4,079,314 shares of the company’s stock valued at $381,498,000 after purchasing an additional 763,407 shares during the period. Institutional investors and hedge funds own 88.27% of the company’s stock.
Shares of NYSE:DXC opened at $69.21 on Monday. DXC Technology Co has a fifty-two week low of $49.19 and a fifty-two week high of $107.85. The firm has a market capitalization of $19.39 billion, a price-to-earnings ratio of 8.72, a P/E/G ratio of 1.28 and a beta of 1.53. The company has a current ratio of 1.00, a quick ratio of 1.04 and a debt-to-equity ratio of 0.53.
DXC Technology (NYSE:DXC) last posted its quarterly earnings data on Thursday, February 7th. The company reported $2.23 EPS for the quarter, topping analysts’ consensus estimates of $2.04 by $0.19. The company had revenue of $5.18 billion for the quarter, compared to analyst estimates of $5.16 billion. DXC Technology had a return on equity of 19.78% and a net margin of 7.09%. The business’s revenue was down 5.2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.86 earnings per share. As a group, research analysts predict that DXC Technology Co will post 8.2 EPS for the current fiscal year.
DXC has been the topic of a number of analyst reports. Zacks Investment Research upgraded DXC Technology from a “hold” rating to a “buy” rating and set a $64.00 price target on the stock in a research report on Tuesday, January 8th. SunTrust Banks lowered their price target on DXC Technology to $75.00 in a research report on Tuesday, November 13th. BMO Capital Markets lowered their price target on DXC Technology from $110.00 to $95.00 and set an “outperform” rating on the stock in a research report on Friday, November 2nd. Berenberg Bank lowered their price target on DXC Technology to $80.00 and set a “hold” rating on the stock in a research report on Friday, November 9th. Finally, JPMorgan Chase & Co. reiterated an “overweight” rating and issued a $83.00 price target on shares of DXC Technology in a research report on Tuesday, November 13th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $91.42.
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DXC Technology 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 three segments: Global Business Services (GBS), Global Infrastructure Services (GIS), and United States Public Sector (USPS).
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