DXC Technology (NYSE:DXC) Stake Increased by Deutsche Bank AG

Deutsche Bank AG grew its holdings in shares of DXC Technology (NYSE:DXC - Free Report) by 99.3% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,173,407 shares of the company's stock after acquiring an additional 584,678 shares during the period. Deutsche Bank AG owned about 0.65% of DXC Technology worth $23,445,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. US Bancorp DE increased its holdings in DXC Technology by 17.3% during the 4th quarter. US Bancorp DE now owns 13,406 shares of the company's stock worth $268,000 after purchasing an additional 1,977 shares during the last quarter. Sterling Capital Management LLC increased its position in shares of DXC Technology by 55.4% in the 4th quarter. Sterling Capital Management LLC now owns 10,748 shares of the company's stock worth $215,000 after purchasing an additional 3,833 shares during the last quarter. Principal Financial Group Inc. lifted its position in shares of DXC Technology by 3.0% during the fourth quarter. Principal Financial Group Inc. now owns 877,399 shares of the company's stock worth $17,530,000 after purchasing an additional 25,573 shares during the last quarter. Royce & Associates LP grew its stake in DXC Technology by 35.7% in the fourth quarter. Royce & Associates LP now owns 124,813 shares of the company's stock worth $2,494,000 after purchasing an additional 32,842 shares in the last quarter. Finally, State of Alaska Department of Revenue lifted its holdings in DXC Technology by 86.9% during the 4th quarter. State of Alaska Department of Revenue now owns 192,880 shares of the company's stock worth $3,853,000 after buying an additional 89,698 shares during the last quarter. 96.20% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the company. BMO Capital Markets cut their price target on DXC Technology from $26.00 to $17.00 and set a "market perform" rating on the stock in a report on Thursday, May 15th. Royal Bank of Canada cut their price objective on shares of DXC Technology from $27.00 to $18.00 and set a "sector perform" rating on the stock in a research report on Thursday, May 15th. Susquehanna cut their target price on DXC Technology from $23.00 to $16.00 and set a "neutral" rating on the stock in a research note on Wednesday, April 23rd. Morgan Stanley dropped their price target on shares of DXC Technology from $22.00 to $16.00 and set an "equal weight" rating on the stock in a research report on Thursday, May 15th. Finally, Guggenheim reiterated a "neutral" rating on shares of DXC Technology in a report on Monday, May 12th. One equities research analyst has rated the stock with a sell rating and six have assigned a hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $17.83.

DXC Technology Price Performance

Shares of DXC traded up $0.09 during trading hours on Tuesday, hitting $15.38. 254,915 shares of the company were exchanged, compared to its average volume of 1,694,053. The firm has a fifty day simple moving average of $15.87 and a 200-day simple moving average of $19.02. The company has a market capitalization of $2.78 billion, a PE ratio of -36.60, a PEG ratio of 1.16 and a beta of 1.18. The company has a debt-to-equity ratio of 1.12, a current ratio of 1.34 and a quick ratio of 1.34. DXC Technology has a one year low of $13.44 and a one year high of $24.83.

DXC Technology (NYSE:DXC - Get Free Report) last released its quarterly earnings results on Wednesday, May 14th. The company reported $0.84 earnings per share for the quarter, beating analysts' consensus estimates of $0.76 by $0.08. The business had revenue of $3.17 billion during the quarter, compared to analyst estimates of $3.13 billion. DXC Technology had a positive return on equity of 20.70% and a negative net margin of 0.57%. DXC Technology's revenue for the quarter was down 6.4% on a year-over-year basis. During the same quarter last year, the company posted $0.97 EPS. As a group, sell-side analysts predict that DXC Technology will post 3.35 earnings per share for the current year.

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).