Saturday, June 15, 2024

Victory Capital Management Inc. Raises Position in DXC Technology (NYSE:DXC)

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Victory Capital Management Inc. lifted its stake in DXC Technology (NYSE:DXCFree Report) by 75.4% in the 4th quarter, HoldingsChannel reports. The firm owned 65,680 shares of the company’s stock after acquiring an additional 28,244 shares during the period. Victory Capital Management Inc.’s holdings in DXC Technology were worth $1,502,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently bought and sold shares of DXC. Invesco Ltd. increased its holdings in DXC Technology by 9.5% in the 3rd quarter. Invesco Ltd. now owns 17,080,376 shares of the company’s stock worth $355,784,000 after acquiring an additional 1,478,484 shares in the last quarter. Pacer Advisors Inc. boosted its stake in shares of DXC Technology by 86.8% in the fourth quarter. Pacer Advisors Inc. now owns 8,234,245 shares of the company’s stock worth $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% during the third quarter. LSV Asset Management now owns 3,553,327 shares of the company’s stock worth $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. lifted its 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 worth $52,934,000 after purchasing an additional 455,115 shares in the last quarter. 96.20% of the stock is owned by institutional investors.

Insiders Place Their 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 completion of the transaction, the executive vice president now directly owns 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 & Exchange Commission, which can be accessed through this link. 0.87% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on DXC shares. JPMorgan Chase & Co. lowered shares of DXC Technology from a “neutral” rating to an “underweight” rating and cut their price objective for the company from $27.00 to $24.00 in a report on Wednesday, January 24th. BMO Capital Markets cut their price objective 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 cut their price objective on shares of DXC Technology from $21.00 to $19.00 and set a “hold” rating for the company in a report on Friday. Guggenheim started coverage on shares of DXC Technology in a report on Tuesday, March 19th. They set a “neutral” rating and a $22.00 price objective for the company. Finally, Susquehanna cut their price objective on shares of DXC Technology from $22.00 to $15.00 and set a “neutral” rating for the company in a report on Friday. Three equities research analysts have rated the stock with a sell rating and eight have assigned a hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $20.41.

Get Our Latest Report on DXC

DXC Technology Trading Down 16.9 %

DXC stock opened at $16.52 on Friday. The firm has a fifty day moving average price of $20.33 and a 200 day moving average price of $21.76. DXC Technology has a fifty-two week low of $15.70 and a fifty-two 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 firm has a market cap of $3.02 billion, a PE ratio of 44.65, a price-to-earnings-growth ratio of 1.79 and a beta of 1.85.

DXC Technology (NYSE:DXCGet Free Report) last posted its quarterly earnings data on Thursday, May 16th. The company reported $0.97 EPS for the quarter, topping the consensus estimate of $0.83 by $0.14. The company had revenue of $3.39 billion during 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 was down 5.6% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.02 earnings per share. Sell-side analysts anticipate that DXC Technology will post 3.47 earnings per share for the current fiscal year.

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, rest of Europe, Australia, and internationally. It operates in two segments, Global Business Services (GBS) and Global Infrastructure Services (GIS).

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Institutional Ownership by Quarter for DXC Technology (NYSE:DXC)



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