US Bancorp DE Lowers Stock Holdings in DXC Technology (NYSE:DXC)

US Bancorp DE cut its stake in shares of DXC Technology (NYSE:DXC) by 71.4% in the 3rd quarter, Holdings Channel reports. The fund owned 11,429 shares of the company’s stock after selling 28,575 shares during the quarter. US Bancorp DE’s holdings in DXC Technology were worth $237,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in the stock. William B. Walkup & Associates Inc. acquired a new position in shares of DXC Technology in the second quarter valued at approximately $26,000. Mather Group LLC. raised its position in DXC Technology by 55.0% during the 2nd quarter. Mather Group LLC. now owns 1,637 shares of the company’s stock worth $35,000 after buying an additional 581 shares during the last quarter. Family Firm Inc. acquired a new stake in shares of DXC Technology in the 2nd quarter worth $37,000. Fifth Third Bancorp boosted its holdings in shares of DXC Technology by 40.1% in the second quarter. Fifth Third Bancorp now owns 1,954 shares of the company’s stock valued at $37,000 after acquiring an additional 559 shares in the last quarter. Finally, Matrix Trust Co purchased a new stake in shares of DXC Technology in the third quarter valued at about $43,000. 96.20% of the stock is owned by institutional investors and hedge funds.

DXC Technology Trading Down 1.8 %

DXC opened at $22.41 on Thursday. DXC Technology has a 12-month low of $14.78 and a 12-month high of $25.14. The company has a debt-to-equity ratio of 1.18, a current ratio of 1.25 and a quick ratio of 1.21. The stock has a market capitalization of $4.06 billion, a PE ratio of 280.13, a P/E/G ratio of 1.46 and a beta of 1.67. The firm’s fifty day moving average price is $20.80 and its 200 day moving average price is $19.45.

DXC Technology (NYSE:DXC) last released its quarterly earnings data on Thursday, November 7th. The company reported $0.93 earnings per share for the quarter, topping the consensus estimate of $0.72 by $0.21. DXC Technology had a net margin of 0.18% and a return on equity of 20.42%. The firm had revenue of $3.24 billion for the quarter, compared to analyst estimates of $3.21 billion. During the same quarter in the prior year, the business earned $0.70 earnings per share. As a group, research analysts expect that DXC Technology will post 3.18 EPS for the current fiscal year.

Wall Street Analyst Weigh In

DXC has been the subject of a number of recent analyst reports. BMO Capital Markets raised their price objective on shares of DXC Technology from $22.00 to $25.00 and gave the company a “market perform” rating in a research report on Monday. Royal Bank of Canada raised their price target on DXC Technology from $18.00 to $20.00 and gave the company a “sector perform” rating in a report on Friday, August 9th. JPMorgan Chase & Co. upped their price objective on DXC Technology from $19.00 to $22.00 and gave the stock an “underweight” rating in a report on Friday, September 6th. Finally, Susquehanna raised their target price on DXC Technology from $19.00 to $23.00 and gave the company a “neutral” rating in a report on Friday, November 8th. Two research analysts have rated the stock with a sell rating and seven have given a hold rating to the stock. Based on data from MarketBeat, DXC Technology has an average rating of “Hold” and a consensus target price of $20.89.

Insider Buying and Selling at DXC Technology

In other news, SVP Christopher Anthony Voci sold 2,500 shares of the business’s stock in a transaction that occurred on Friday, September 13th. The stock was sold at an average price of $21.37, for a total transaction of $53,425.00. Following the completion of the transaction, the senior vice president now directly owns 83,746 shares in the company, valued at approximately $1,789,652.02. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.54% of the stock is owned by company insiders.

DXC Technology Company Profile

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