DXC Technology Company. (NYSE:DXC) Shares Purchased by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC increased its stake in shares of DXC Technology Company. (NYSE:DXC - Free Report) by 323.4% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 63,772 shares of the company's stock after purchasing an additional 48,711 shares during the quarter. Allspring Global Investments Holdings LLC's holdings in DXC Technology were worth $1,106,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in DXC. Byrne Asset Management LLC purchased a new stake in DXC Technology in the 1st quarter valued at about $33,000. Wealthquest Corp purchased a new stake in DXC Technology in the 1st quarter valued at about $49,000. Meeder Asset Management Inc. purchased a new stake in DXC Technology in the 4th quarter valued at about $55,000. Smartleaf Asset Management LLC grew its holdings in DXC Technology by 366.4% in the 4th quarter. Smartleaf Asset Management LLC now owns 2,999 shares of the company's stock valued at $60,000 after buying an additional 2,356 shares during the period. Finally, GAMMA Investing LLC grew its holdings in DXC Technology by 37.4% in the 1st quarter. GAMMA Investing LLC now owns 4,507 shares of the company's stock valued at $77,000 after buying an additional 1,226 shares during the period. Hedge funds and other institutional investors own 96.20% of the company's stock.

Analysts Set New Price Targets

Several analysts have commented on the company. Wall Street Zen cut DXC Technology from a "buy" rating to a "hold" rating in a report on Saturday. Guggenheim restated a "neutral" rating on shares of DXC Technology in a report on Monday, May 12th. Morgan Stanley lowered their price target on DXC Technology from $22.00 to $16.00 and set an "equal weight" rating for the company in a report on Thursday, May 15th. BMO Capital Markets lowered their price target on DXC Technology from $26.00 to $17.00 and set a "market perform" rating for the company in a report on Thursday, May 15th. Finally, JPMorgan Chase & Co. reduced their price objective on DXC Technology from $22.00 to $18.00 and set an "underweight" rating on the stock in a research note on Wednesday, May 21st. One analyst has rated the stock with a sell rating and six have issued a hold rating to the company's stock. Based on data from MarketBeat, DXC Technology presently has a consensus rating of "Hold" and an average target price of $17.00.

DXC Technology Trading Down 5.4%

Shares of NYSE DXC traded down $0.81 during midday trading on Friday, hitting $14.30. The stock had a trading volume of 1,810,519 shares, compared to its average volume of 1,499,091. The company has a market capitalization of $2.59 billion, a price-to-earnings ratio of 6.78, a PEG ratio of 3.77 and a beta of 1.20. DXC Technology Company. has a 1-year low of $13.44 and a 1-year high of $24.83. The company has a quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 0.86. The company has a fifty day moving average price of $15.47 and a 200 day moving average price of $17.33.

DXC Technology (NYSE:DXC - Get Free Report) last released its quarterly earnings data on Wednesday, May 14th. The company reported $0.84 earnings per share for the quarter, beating the consensus estimate of $0.76 by $0.08. The business had revenue of $3.17 billion for the quarter, compared to analyst estimates of $3.13 billion. DXC Technology had a return on equity of 19.36% and a net margin of 3.02%. The company's revenue was down 6.4% compared to the same quarter last year. During the same period in the previous year, the company posted $0.97 EPS. On average, analysts predict that DXC Technology Company. will post 3.35 earnings per share for the current year.

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).