Raiffeisen Bank International AG Has $696,000 Stock Position in DXC Technology Company. $DXC

Raiffeisen Bank International AG grew its position in DXC Technology Company. (NYSE:DXC) by 35.1% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 45,779 shares of the company’s stock after purchasing an additional 11,887 shares during the period. Raiffeisen Bank International AG’s holdings in DXC Technology were worth $696,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Wealthquest Corp bought a new stake in shares of DXC Technology in the 1st quarter valued at approximately $49,000. Signaturefd LLC raised its position in DXC Technology by 187.3% during the second quarter. Signaturefd LLC now owns 3,054 shares of the company’s stock valued at $47,000 after acquiring an additional 1,991 shares in the last quarter. Allworth Financial LP lifted its stake in DXC Technology by 68.9% in the second quarter. Allworth Financial LP now owns 3,330 shares of the company’s stock valued at $51,000 after acquiring an additional 1,359 shares during the last quarter. Parallel Advisors LLC lifted its stake in DXC Technology by 273.9% in the second quarter. Parallel Advisors LLC now owns 6,218 shares of the company’s stock valued at $95,000 after acquiring an additional 4,555 shares during the last quarter. Finally, Hennessy Advisors Inc. bought a new stake in DXC Technology in the second quarter worth approximately $97,000. 96.20% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on DXC shares. JPMorgan Chase & Co. cut their price target on shares of DXC Technology from $18.00 to $14.00 and set an “underweight” rating on the stock in a report on Wednesday, August 20th. Morgan Stanley cut their target price on DXC Technology from $16.00 to $15.00 and set an “equal weight” rating on the stock in a report on Friday, August 1st. Stifel Nicolaus reduced their price target on DXC Technology from $15.00 to $14.00 and set a “hold” rating for the company in a research report on Friday, October 31st. Weiss Ratings reiterated a “sell (d)” rating on shares of DXC Technology in a research note on Wednesday, October 8th. Finally, Susquehanna set a $14.00 price objective on DXC Technology and gave the company a “neutral” rating in a research note on Friday, October 31st. Six research analysts have rated the stock with a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Reduce” and a consensus target price of $15.00.

DXC Technology Stock Down 1.6%

DXC Technology stock opened at $12.27 on Wednesday. The company has a debt-to-equity ratio of 0.90, a current ratio of 1.22 and a quick ratio of 1.22. DXC Technology Company. has a fifty-two week low of $12.15 and a fifty-two week high of $23.75. The firm has a fifty day moving average price of $13.51 and a two-hundred day moving average price of $14.35. The firm has a market cap of $2.14 billion, a price-to-earnings ratio of 5.95 and a beta of 1.15.

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

Insider Buying and Selling

In other news, SVP Christopher Anthony Voci sold 2,500 shares of the company’s stock in a transaction that occurred 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 completion of the transaction, the senior vice president directly owned 91,105 shares in the company, valued at $1,322,844.60. The trade was a 2.67% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.61% of the stock is currently owned by corporate insiders.

About DXC Technology

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).