DXC Technology Company. $DXC Stock Holdings Decreased by KBC Group NV

KBC Group NV decreased its stake in shares of DXC Technology Company. (NYSE:DXC) by 41.9% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 5,722 shares of the company’s stock after selling 4,131 shares during the period. KBC Group NV’s holdings in DXC Technology were worth $87,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Dimensional Fund Advisors LP lifted its holdings in DXC Technology by 1.6% during the 1st quarter. Dimensional Fund Advisors LP now owns 10,599,848 shares of the company’s stock worth $180,725,000 after buying an additional 163,291 shares during the last quarter. American Century Companies Inc. raised its position in shares of DXC Technology by 11.8% during the 1st quarter. American Century Companies Inc. now owns 6,503,675 shares of the company’s stock valued at $110,888,000 after acquiring an additional 686,705 shares in the last quarter. LSV Asset Management raised its position in shares of DXC Technology by 22.7% during the 1st quarter. LSV Asset Management now owns 4,151,398 shares of the company’s stock valued at $70,781,000 after acquiring an additional 769,026 shares in the last quarter. AQR Capital Management LLC lifted its stake in DXC Technology by 2.8% during the first quarter. AQR Capital Management LLC now owns 1,997,247 shares of the company’s stock worth $33,254,000 after purchasing an additional 53,598 shares during the last quarter. Finally, Millennium Management LLC boosted its holdings in DXC Technology by 1,765.9% in the first quarter. Millennium Management LLC now owns 1,652,331 shares of the company’s stock worth $28,172,000 after purchasing an additional 1,563,775 shares during the period. 96.20% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages have weighed in on DXC. Stifel Nicolaus dropped their target price on shares of DXC Technology from $15.00 to $14.00 and set a “hold” rating on the stock in a report on Friday, October 31st. Wall Street Zen raised shares of DXC Technology from a “hold” rating to a “buy” rating in a research report on Sunday, November 9th. JPMorgan Chase & Co. dropped their price objective on shares of DXC Technology from $18.00 to $14.00 and set an “underweight” rating on the stock in a research note on Wednesday, August 20th. Royal Bank Of Canada cut their target price on shares of DXC Technology from $18.00 to $16.00 and set a “sector perform” rating on the stock in a report on Friday, August 1st. Finally, Morgan Stanley lowered their target price on DXC Technology from $16.00 to $15.00 and set an “equal weight” rating for the company in a report on Friday, August 1st. Six analysts have rated the stock with a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Reduce” and a consensus target price of $15.00.

DXC Technology Stock Up 3.4%

DXC stock opened at $12.60 on Friday. The company has a quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 0.90. The firm’s 50-day simple moving average is $13.39 and its 200 day simple moving average is $14.29. The stock has a market cap of $2.19 billion, a PE ratio of 6.12 and a beta of 1.15. DXC Technology Company. has a fifty-two week low of $11.82 and a fifty-two week high of $23.75.

DXC Technology (NYSE:DXC) last posted its earnings results on Friday, October 31st. The company reported $0.84 EPS for the quarter, topping the consensus estimate of $0.71 by $0.13. The firm had revenue of $3.16 billion during the quarter, compared to analysts’ expectations of $3.17 billion. DXC Technology had a net margin of 2.96% and a return on equity of 18.59%. DXC Technology’s quarterly revenue was down 2.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.93 EPS. As a group, sell-side analysts predict that DXC Technology Company. will post 3.35 EPS for the current year.

Insider Buying and Selling

In other DXC Technology news, SVP Christopher Anthony Voci sold 2,500 shares of DXC Technology stock in a transaction on Thursday, September 11th. The stock was sold at an average price of $14.52, for a total transaction of $36,300.00. Following the sale, the senior vice president owned 91,105 shares of the company’s stock, valued at $1,322,844.60. The trade was a 2.67% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.61% of the stock is currently owned by corporate insiders.

DXC Technology 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).