DekaBank Deutsche Girozentrale Purchases 478 Shares of DXC Technology (NYSE:DXC)

DekaBank Deutsche Girozentrale grew its position in shares of DXC Technology (NYSE:DXCGet Rating) by 0.7% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 68,824 shares of the company’s stock after buying an additional 478 shares during the period. DekaBank Deutsche Girozentrale’s holdings in DXC Technology were worth $1,689,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of DXC. American Century Companies Inc. raised its stake in DXC Technology by 52.2% in the 1st quarter. American Century Companies Inc. now owns 80,959 shares of the company’s stock worth $2,641,000 after purchasing an additional 27,781 shares in the last quarter. US Bancorp DE raised its position in shares of DXC Technology by 10.6% in the first quarter. US Bancorp DE now owns 20,835 shares of the company’s stock valued at $681,000 after buying an additional 1,993 shares in the last quarter. HighTower Advisors LLC boosted its stake in shares of DXC Technology by 11.7% in the first quarter. HighTower Advisors LLC now owns 8,776 shares of the company’s stock valued at $284,000 after buying an additional 921 shares during the period. Acadian Asset Management LLC grew its position in DXC Technology by 432.5% during the first quarter. Acadian Asset Management LLC now owns 16,497 shares of the company’s stock worth $538,000 after buying an additional 13,399 shares in the last quarter. Finally, MetLife Investment Management LLC increased its stake in DXC Technology by 19.3% during the 1st quarter. MetLife Investment Management LLC now owns 66,501 shares of the company’s stock worth $2,170,000 after acquiring an additional 10,773 shares during the period. Institutional investors own 89.19% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently issued reports on DXC shares. Moffett Nathanson lowered DXC Technology from a “market perform” rating to an “underperform” rating and reduced their target price for the stock from $32.00 to $28.00 in a report on Thursday, January 19th. BMO Capital Markets decreased their target price on shares of DXC Technology from $36.00 to $33.00 and set an “outperform” rating on the stock in a report on Friday, November 4th. Royal Bank of Canada upped their price target on shares of DXC Technology from $34.00 to $38.00 and gave the stock an “outperform” rating in a report on Monday, November 7th. Finally, JPMorgan Chase & Co. raised shares of DXC Technology from an “underweight” rating to a “neutral” rating and lifted their price objective for the company from $31.00 to $33.00 in a research note on Thursday, December 15th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and four have given a buy rating to the company. According to MarketBeat.com, DXC Technology presently has a consensus rating of “Hold” and an average price target of $34.50.

DXC Technology Stock Down 3.9 %

Shares of NYSE:DXC opened at $28.01 on Wednesday. DXC Technology has a 52-week low of $22.65 and a 52-week high of $39.65. The company has a market capitalization of $6.44 billion, a PE ratio of 9.12, a price-to-earnings-growth ratio of 0.67 and a beta of 1.92. The company has a debt-to-equity ratio of 0.75, a quick ratio of 1.14 and a current ratio of 1.14. The company has a fifty day moving average of $27.88 and a 200-day moving average of $27.66.

DXC Technology (NYSE:DXCGet Rating) last posted its earnings results on Thursday, November 3rd. The company reported $0.75 EPS for the quarter, beating the consensus estimate of $0.72 by $0.03. DXC Technology had a return on equity of 15.59% and a net margin of 4.93%. The firm had revenue of $3.57 billion during the quarter, compared to the consensus estimate of $3.56 billion. On average, equities analysts predict that DXC Technology will post 3.48 EPS for the current fiscal year.

Insider Buying and Selling

In other DXC Technology news, Director Raul J. Fernandez sold 5,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 23rd. The shares were sold at an average price of $29.75, for a total value of $148,750.00. Following the completion of the transaction, the director now directly owns 47,092 shares in the company, valued at approximately $1,400,987. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. In other DXC Technology news, Director Raul J. Fernandez sold 10,000 shares of DXC Technology stock in a transaction dated Friday, November 11th. The stock was sold at an average price of $29.39, for a total transaction of $293,900.00. Following the transaction, the director now directly owns 52,092 shares of the company’s stock, valued at approximately $1,530,983.88. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Raul J. Fernandez sold 5,000 shares of the stock in a transaction dated Wednesday, November 23rd. The shares were sold at an average price of $29.75, for a total value of $148,750.00. Following the completion of the sale, the director now directly owns 47,092 shares of the company’s stock, valued at approximately $1,400,987. The disclosure for this sale can be found here. 0.47% of the stock is owned by corporate insiders.

DXC Technology Company Profile

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DXC Technology Co provides technology consulting, outsourcing and support services. It operates through the following segments: Global Business Services (GBS) and Global Infrastructure Services (GIS). The GBS segment provides technology solutions that help clients address challenges and accelerate the digital transformations that are tailored to each client’s specific objectives.

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Institutional Ownership by Quarter for DXC Technology (NYSE:DXC)

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