DXC Technology Company. $DXC Shares Sold by Deutsche Bank AG

Key Points

• Deutsche Bank AG decreased its stake in DXC Technology by 8.2%, selling 96,742 shares and holding 1,076,665 shares worth $18,357,000 at the end of the quarter.
• Several hedge funds have recently increased their holdings in DXC, with Dimensional Fund Advisors raising its stake by 3.8% and LSV Asset Management increasing its holdings by 22.7% during the same period.
• Analyst ratings are mixed, with one firm upgrading DXC to a "buy" while others, including JPMorgan Chase and Morgan Stanley, lowered their price targets for the stock significantly.

Deutsche Bank AG lowered its stake in shares of DXC Technology Company. (NYSE:DXC - Free Report) by 8.2% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,076,665 shares of the company's stock after selling 96,742 shares during the quarter. Deutsche Bank AG owned about 0.59% of DXC Technology worth $18,357,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently added to or reduced their stakes in the company. Sterling Capital Management LLC boosted its holdings in DXC Technology by 55.4% in the fourth quarter. Sterling Capital Management LLC now owns 10,748 shares of the company's stock worth $215,000 after acquiring an additional 3,833 shares in the last quarter. Principal Financial Group Inc. lifted its position in DXC Technology by 2.4% during the first quarter. Principal Financial Group Inc. now owns 898,356 shares of the company's stock valued at $15,317,000 after purchasing an additional 20,957 shares during the period. XTX Topco Ltd acquired a new position in DXC Technology in the first quarter valued at approximately $1,570,000. Allspring Global Investments Holdings LLC lifted its holdings in DXC Technology by 323.4% in the first quarter. Allspring Global Investments Holdings LLC now owns 63,772 shares of the company's stock valued at $1,106,000 after acquiring an additional 48,711 shares during the period. Finally, Janney Montgomery Scott LLC lifted its holdings in DXC Technology by 15.1% in the first quarter. Janney Montgomery Scott LLC now owns 20,767 shares of the company's stock valued at $354,000 after acquiring an additional 2,724 shares during the period. Institutional investors own 96.20% of the company's stock.

DXC Technology Trading Up 1.5%

Shares of NYSE DXC traded up $0.21 during mid-day trading on Monday, reaching $13.92. 407,818 shares of the company's stock were exchanged, compared to its average volume of 1,751,425. The company's 50-day moving average is $14.65 and its 200-day moving average is $16.15. DXC Technology Company. has a 52-week low of $12.24 and a 52-week high of $24.83. The company has a debt-to-equity ratio of 0.90, a quick ratio of 1.22 and a current ratio of 1.22. The firm has a market capitalization of $2.49 billion, a price-to-earnings ratio of 6.75 and a beta of 1.18.

DXC Technology (NYSE:DXC - Get Free Report) last posted its quarterly earnings results on Thursday, July 31st. The company reported $0.68 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.64 by $0.04. The company had revenue of $3.16 billion for the quarter, compared to analyst estimates of $3.06 billion. DXC Technology had a return on equity of 18.59% and a net margin of 2.96%. DXC Technology's revenue for the quarter was down 2.4% compared to the same quarter last year. During the same quarter last year, the company earned $0.74 EPS. Analysts expect that DXC Technology Company. will post 3.35 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research firms have recently commented on DXC. Susquehanna cut their target price on shares of DXC Technology from $23.00 to $16.00 and set a "neutral" rating for the company in a research note on Wednesday, April 23rd. BMO Capital Markets dropped their target price 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. Morgan Stanley decreased their target price on shares of DXC Technology from $16.00 to $15.00 and set an "equal weight" rating on the stock in a report on Friday, August 1st. JPMorgan Chase & Co. decreased their target price on shares of DXC Technology from $22.00 to $18.00 and set an "underweight" rating on the stock in a report on Wednesday, May 21st. Finally, Royal Bank Of Canada decreased their target price on shares of DXC Technology from $18.00 to $16.00 and set a "sector perform" rating on the stock in a report on Friday, August 1st. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and one has issued a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $16.40.

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).