Federated Hermes Inc. Has $7.08 Million Stock Holdings in DXC Technology Company. $DXC

Federated Hermes Inc. decreased its holdings in shares of DXC Technology Company. (NYSE:DXC) by 26.5% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 519,145 shares of the company’s stock after selling 187,194 shares during the quarter. Federated Hermes Inc.’s holdings in DXC Technology were worth $7,076,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently bought and sold shares of the company. American Century Companies Inc. grew its stake in DXC Technology by 7.6% during the 2nd quarter. American Century Companies Inc. now owns 6,995,343 shares of the company’s stock valued at $106,959,000 after acquiring an additional 491,668 shares in the last quarter. State Street Corp boosted its holdings in shares of DXC Technology by 2.1% during the second quarter. State Street Corp now owns 6,381,982 shares of the company’s stock worth $97,581,000 after purchasing an additional 128,916 shares during the period. AQR Capital Management LLC boosted its holdings in shares of DXC Technology by 97.0% during the second quarter. AQR Capital Management LLC now owns 3,933,973 shares of the company’s stock worth $60,150,000 after purchasing an additional 1,936,726 shares during the period. First Trust Advisors LP grew its position in DXC Technology by 29.6% during the second quarter. First Trust Advisors LP now owns 1,526,677 shares of the company’s stock valued at $23,343,000 after purchasing an additional 348,264 shares in the last quarter. Finally, Goldman Sachs Group Inc. increased its stake in DXC Technology by 4.1% in the 1st quarter. Goldman Sachs Group Inc. now owns 1,239,558 shares of the company’s stock valued at $21,134,000 after buying an additional 49,228 shares during the period. 96.20% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at DXC Technology

In other DXC Technology news, SVP Christopher Anthony Voci sold 2,500 shares of the stock in a transaction that occurred on Thursday, December 11th. The stock was sold at an average price of $15.15, for a total transaction of $37,875.00. Following the transaction, the senior vice president owned 88,605 shares in the company, valued at $1,342,365.75. This trade represents a 2.74% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 0.61% of the stock is owned by insiders.

DXC Technology Trading Up 5.9%

DXC Technology stock opened at $15.29 on Tuesday. DXC Technology Company. has a one year low of $11.82 and a one year high of $23.75. The company’s fifty day moving average price is $14.65 and its two-hundred day moving average price is $14.01. The company has a debt-to-equity ratio of 0.91, a current ratio of 1.35 and a quick ratio of 1.09. The company has a market capitalization of $2.66 billion, a price-to-earnings ratio of 6.56 and a beta of 1.07.

DXC Technology (NYSE:DXC) last released 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. The company had revenue of $3.19 billion during the quarter, compared to the consensus estimate of $3.18 billion. DXC Technology had a return on equity of 17.56% and a net margin of 3.34%.The firm’s revenue was down 1.0% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.92 EPS. On average, analysts forecast that DXC Technology Company. will post 3.35 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on DXC shares. Wolfe Research set a $13.00 target price on shares of DXC Technology and gave the company an “underperform” rating in a research note on Friday. Stifel Nicolaus cut their price objective on DXC Technology from $15.00 to $14.00 and set a “hold” rating for the company in a report on Friday, October 31st. 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. Weiss Ratings reaffirmed a “sell (d)” rating on shares of DXC Technology in a research report on Wednesday, October 8th. Finally, Wall Street Zen lowered DXC Technology from a “buy” rating to a “hold” rating in a report on Saturday. Six research analysts have rated the stock with a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat, the company has an average rating of “Reduce” and an average target price of $14.71.

About DXC Technology

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.