Sonia Randhawa

Victory Capital Management Inc. raised its stake in DXC Technology (NYSE:DXC – Free Report) by 75.4% in the 4th quarter, HoldingsChannel reports. The company acquired an additional 28,244 shares during the period, making it now 65,680 shares. His DXC Technology holdings in Victory Capital Management Inc. were valued at $1,502,000 as of its latest filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently bought and sold shares of DXC. Invesco Inc. grew its holdings in shares of DXC Technology by 9.5% in the 3rd quarter. Invesco Inc. now owns 17,080,376 shares of the company's stock valued at $355,784,000 after acquiring an additional 1,478,484 shares in the last quarter. Pacer Advisors Inc. grew his holdings in shares of DXC Technology by 86.8% in the 4th quarter. Pacer Advisors Inc. now owns 8,234,245 shares of the company's stock valued at $188,317,000 after acquiring an additional 3,827,176 shares during the period. LSV Asset Management grew its position in shares of DXC Technology by 0.7% in the 3rd quarter. LSV Asset Management now owns 3,553,327 shares of the company's stock valued at $74,016,000 after purchasing an additional 25,579 shares in the last quarter. Ameriprise Financial Inc. raised its stake in DXC Technology by 0.3% during the 3rd quarter. Ameriprise Financial Inc. now owns 2,992,875 shares of the company's stock valued at $62,342,000 after purchasing an additional 8,235 shares during the period. Finally, Charles Schwab Investment Management Inc. grew his holdings in DXC Technology by 21.8% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,541,257 shares of the company's stock valued at $52,934,000 after purchasing an additional 455,115 shares in the last quarter. 96.20% of the stock is held by institutional investors.

Insiders place bets

In other DXC Technology news, EVP William L. Deckelman, Jr. sold 18,102 shares of DXC Technology stock in a transaction on Thursday, February 29th. The shares were sold at an average price of $21.73, for a total transaction of $393,356.46. Following the closing of the transaction, the executive vice president will now directly own 124,806 shares of the company's stock, valued at $2,712,034.38. The transaction was disclosed in a legal filing with the Securities and Exchange Commission, which can be accessed through this link. 0.87% of the shares are owned by insiders.

Analyst upgrades and downgrades

Many equity research analysts have published reports on DXC stock. JPMorgan Chase & Co. downgraded shares of DXC Technology from a “neutral” rating to an “underweight” rating and lowered their price objective for the company from $27.00 to $24.00 in a report on Wednesday, January 24th. BMO Capital Markets lowered their target price on shares of DXC Technology from $23.00 to $17.50 and set a “market perform” rating for the company in a report on Friday. Stifel Nicolaus lowered their target price on shares of DXC Technology from $21.00 to $19.00 and gave the company a “hold” rating in a report on Friday. Guggenheim initiated coverage on shares of DXC Technology in a report on Tuesday, March 19th. They gave the company a “neutral” rating and set a price target of $22.00. Finally, Susquehanna lowered their target price on shares of DXC Technology from $22.00 to $15.00 and gave the company a “neutral” rating in a report on Friday. 3 equity research analysts have rated the stock as a “sell” and 8 have rated it a “hold”. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $20.41.

Get the latest report on DXC

DXC technology trading down 16.9%

DXC stock opened at $16.52 on Friday. The company's 50-day moving average price is $20.33 and its 200-day moving average price is $21.76. DXC Technology has a 52-week low of $15.70 and a 52-week high of $28.89. The company has a debt-to-equity ratio of 1.15, a quick ratio of 1.11, and a current ratio of 1.11. The company has a market capitalization of $3.02 billion, a P/E ratio of 44.65x, a price-to-earnings ratio of 1.79x, and a beta of 1.85x.

DXC Technology (NYSE:DXC – Get Free Report) last released its quarterly earnings data on Thursday, May 16th. The company reported $0.97 EPS for the quarter, beating the consensus estimate of $0.83 by $0.14. The company had revenue of $3.39 billion for the quarter, compared to analyst estimates of $3.37 billion. DXC Technology had a net margin of 0.67% and a return on equity of 17.88%. DXC Technology's quarterly revenue decreased 5.6% compared to the same period last year. In the same period last year, the company's earnings per share were $1.02. Sell-side analysts expect that DXC Technology's earnings per share for the current fiscal year will be 3.47.

DXC Technology Company Profile

(Free report)

DXC Technology Company, together with its subsidiaries, provides information technology services and solutions primarily in the United States, the United Kingdom, the rest of Europe, Australia, and internationally. It operates in two segments: Global Business Services (GBS) and Global Infrastructure Services (GIS).