Atlas Capital Advisors LLC cut its stake in DXC Technology Co (NYSE:DXC) by 7.0% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 11,591 shares of the company’s stock after selling 868 shares during the period. Atlas Capital Advisors LLC’s holdings in DXC Technology were worth $207,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in DXC. Victory Capital Management Inc. raised its holdings in DXC Technology by 26.6% during the 2nd quarter. Victory Capital Management Inc. now owns 4,775,528 shares of the company’s stock worth $78,796,000 after buying an additional 1,003,074 shares during the period. FIL Ltd increased its stake in DXC Technology by 127.6% during the 2nd quarter. FIL Ltd now owns 1,692,001 shares of the company’s stock worth $27,918,000 after buying an additional 948,502 shares during the period. Federated Hermes Inc. increased its stake in DXC Technology by 45.1% during the 2nd quarter. Federated Hermes Inc. now owns 2,966,004 shares of the company’s stock worth $48,939,000 after buying an additional 921,297 shares during the period. LSV Asset Management increased its stake in DXC Technology by 23.8% during the 2nd quarter. LSV Asset Management now owns 3,300,849 shares of the company’s stock worth $54,464,000 after buying an additional 634,692 shares during the period. Finally, Mackay Shields LLC increased its stake in DXC Technology by 244.7% during the 2nd quarter. Mackay Shields LLC now owns 665,805 shares of the company’s stock worth $10,986,000 after buying an additional 472,668 shares during the period. 84.07% of the stock is currently owned by institutional investors and hedge funds.
Several equities research analysts recently weighed in on the stock. JPMorgan Chase & Co. upped their target price on shares of DXC Technology from $19.00 to $22.00 and gave the stock a “neutral” rating in a research note on Monday, August 17th. BMO Capital Markets increased their price objective on shares of DXC Technology from $16.00 to $21.00 and gave the company a “market perform” rating in a research report on Monday, August 10th. ValuEngine downgraded shares of DXC Technology from a “sell” rating to a “strong sell” rating in a research report on Monday, August 3rd. Finally, Zacks Investment Research raised shares of DXC Technology from a “strong sell” rating to a “hold” rating and set a $19.00 price objective on the stock in a research report on Thursday, August 6th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and four have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $25.70.
Shares of NYSE:DXC opened at $19.84 on Monday. The company has a current ratio of 1.29, a quick ratio of 1.29 and a debt-to-equity ratio of 2.09. The company has a fifty day simple moving average of $19.10 and a 200 day simple moving average of $17.46. The firm has a market cap of $5.04 billion, a PE ratio of -0.88 and a beta of 2.43. DXC Technology Co has a 12-month low of $7.90 and a 12-month high of $38.37.
DXC Technology (NYSE:DXC) last issued its quarterly earnings results on Thursday, August 6th. The company reported $0.21 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.11 by $0.10. The business had revenue of $4.50 billion during the quarter, compared to analyst estimates of $4.32 billion. DXC Technology had a negative net margin of 29.90% and a positive return on equity of 14.79%. The business’s revenue was down 7.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.74 earnings per share. As a group, equities research analysts forecast that DXC Technology Co will post 2.18 EPS for the current fiscal year.
About DXC Technology
DXC Technology Company, together with its subsidiaries, provides information technology services and solutions primarily in North America, Europe, Asia, and Australia. It operates through three segments: Global Business Services (GBS), Global Infrastructure Services (GIS), and United States Public Sector (USPS).
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