Fifth Third Bancorp boosted its stake in shares of DXC Technology (NYSE:DXC – Get Rating) by 12.4% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 6,762 shares of the company’s stock after acquiring an additional 748 shares during the quarter. Fifth Third Bancorp’s holdings in DXC Technology were worth $221,000 as of its most recent SEC filing.
A number of other large investors also recently modified their holdings of the business. Invesco Ltd. grew its holdings in DXC Technology by 23.0% during the 4th quarter. Invesco Ltd. now owns 12,054,425 shares of the company’s stock worth $388,031,000 after acquiring an additional 2,253,875 shares during the last quarter. State Street Corp lifted its position in DXC Technology by 2.2% during the 4th quarter. State Street Corp now owns 8,324,377 shares of the company’s stock valued at $267,962,000 after purchasing an additional 180,986 shares during the period. Geode Capital Management LLC lifted its position in DXC Technology by 1.1% during the 4th quarter. Geode Capital Management LLC now owns 4,918,927 shares of the company’s stock valued at $158,156,000 after purchasing an additional 54,887 shares during the period. Miller Value Partners LLC lifted its position in DXC Technology by 0.3% during the 4th quarter. Miller Value Partners LLC now owns 3,518,738 shares of the company’s stock valued at $113,268,000 after purchasing an additional 9,319 shares during the period. Finally, Northern Trust Corp lifted its position in DXC Technology by 3.8% during the 4th quarter. Northern Trust Corp now owns 2,624,122 shares of the company’s stock valued at $84,470,000 after purchasing an additional 94,955 shares during the period. 89.41% of the stock is currently owned by hedge funds and other institutional investors.
Shares of DXC stock opened at $29.87 on Friday. The company has a debt-to-equity ratio of 0.76, a quick ratio of 1.09 and a current ratio of 1.09. The company has a market capitalization of $6.86 billion, a P/E ratio of 10.48, a price-to-earnings-growth ratio of 0.36 and a beta of 2.09. The company’s 50 day moving average price is $31.15 and its two-hundred day moving average price is $32.03. DXC Technology has a 52 week low of $27.28 and a 52 week high of $44.18.
DXC Technology (NYSE:DXC – Get Rating) last announced its earnings results on Wednesday, May 25th. The company reported $0.84 EPS for the quarter, missing the consensus estimate of $1.00 by ($0.16). The company had revenue of $4.01 billion for the quarter, compared to analyst estimates of $4.12 billion. DXC Technology had a return on equity of 17.08% and a net margin of 4.41%. The business’s quarterly revenue was down 8.6% on a year-over-year basis. During the same quarter last year, the business posted $0.74 earnings per share. Analysts forecast that DXC Technology will post 3.96 earnings per share for the current year.
A number of research firms have issued reports on DXC. Cowen cut their target price on shares of DXC Technology from $45.00 to $43.00 and set an “outperform” rating on the stock in a research report on Thursday, May 26th. Susquehanna cut their target price on shares of DXC Technology from $42.00 to $41.00 in a research report on Thursday, May 26th. Cowen cut their price target on shares of DXC Technology from $45.00 to $43.00 in a research report on Thursday, May 26th. Morgan Stanley cut their price target on shares of DXC Technology from $36.00 to $33.00 and set an “equal weight” rating on the stock in a research report on Thursday, May 26th. Finally, JPMorgan Chase & Co. cut their price target on shares of DXC Technology from $41.00 to $39.00 and set an “underweight” rating on the stock in a research report on Tuesday, March 22nd. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $39.58.
DXC Technology Profile (Get Rating)
DXC Technology Company, together with its subsidiaries, provides information technology services and solutions primarily in North America, Europe, Asia, and Australia. It operates in two segments, Global Business Services (GBS) and Global Infrastructure Services (GIS). The GBS segment offers a portfolio of analytics services and extensive partner ecosystem that help its customers to gain rapid insights, automate operations, and accelerate their digital transformation journeys; and software engineering, consulting, and data analytics solutions that enable businesses to run and manage their mission-critical functions, transform their operations, and develop new ways of doing business.
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