DXC Technology Company. $DXC Shares Sold by Mitsubishi UFJ Trust & Banking Corp

Key Points

• Mitsubishi UFJ Trust & Banking Corp trimmed its stake in DXC by 16.2% to 651,153 shares (about a 0.37% holding worth $9.54M); institutional investors collectively own roughly 96.2% of the company.
• Analyst sentiment has turned negative — DXC's consensus is an average rating of "Reduce" with an average target of $14.63 after multiple downgrades and price-target cuts.
• Despite a Q4 earnings beat (EPS $0.96 vs. $0.83) and CEO Raul J. Fernandez buying 16,446 shares at $15.24, the stock is trading near its 52-week low (opened $11.92) with a market cap of ~$2.02B and a PE of 5.11.

Mitsubishi UFJ Trust & Banking Corp lessened its holdings in DXC Technology Company. (NYSE:DXC - Free Report) by 16.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 651,153 shares of the company's stock after selling 125,686 shares during the period. Mitsubishi UFJ Trust & Banking Corp owned about 0.37% of DXC Technology worth $9,543,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently bought and sold shares of the company. EverSource Wealth Advisors LLC grew its holdings in DXC Technology by 240.6% in the second quarter. EverSource Wealth Advisors LLC now owns 1,737 shares of the company's stock valued at $27,000 after purchasing an additional 1,227 shares during the period. Headlands Technologies LLC acquired a new position in shares of DXC Technology during the 2nd quarter worth approximately $39,000. Smartleaf Asset Management LLC lifted its position in shares of DXC Technology by 38.2% during the 3rd quarter. Smartleaf Asset Management LLC now owns 2,814 shares of the company's stock valued at $38,000 after buying an additional 778 shares in the last quarter. Signaturefd LLC lifted its position in shares of DXC Technology by 867.1% during the 4th quarter. Signaturefd LLC now owns 2,824 shares of the company's stock valued at $41,000 after buying an additional 2,532 shares in the last quarter. Finally, Rothschild Investment LLC grew its stake in DXC Technology by 609.8% in the 3rd quarter. Rothschild Investment LLC now owns 2,981 shares of the company's stock valued at $41,000 after acquiring an additional 2,561 shares during the period. Institutional investors and hedge funds own 96.20% of the company's stock.

Analyst Ratings Changes

Several equities research analysts recently commented on DXC shares. BMO Capital Markets boosted their price target on shares of DXC Technology from $15.00 to $17.00 and gave the stock a "market perform" rating in a report on Tuesday, February 3rd. Zacks Research downgraded shares of DXC Technology from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, March 3rd. Wall Street Zen cut DXC Technology from a "buy" rating to a "hold" rating in a report on Saturday, March 28th. TD Cowen reduced their target price on DXC Technology from $15.00 to $14.00 and set a "hold" rating for the company in a report on Monday, April 6th. Finally, Weiss Ratings restated a "sell (d+)" rating on shares of DXC Technology in a research report on Wednesday, April 8th. Eight analysts have rated the stock with a Hold rating and three have issued a Sell rating to the company's stock. According to MarketBeat.com, DXC Technology currently has an average rating of "Reduce" and an average target price of $14.63.

DXC Technology Stock Up 5.3%

Shares of DXC opened at $11.92 on Friday. DXC Technology Company. has a 52-week low of $11.07 and a 52-week high of $17.26. The company has a market capitalization of $2.02 billion, a PE ratio of 5.11 and a beta of 0.85. The stock has a fifty day simple moving average of $12.27 and a two-hundred day simple moving average of $13.43. The company has a quick ratio of 1.35, a current ratio of 1.35 and a debt-to-equity ratio of 0.91.

DXC Technology (NYSE:DXC - Get Free Report) last posted its earnings results on Thursday, January 29th. The company reported $0.96 earnings per share for the quarter, beating the consensus estimate of $0.83 by $0.13. The company had revenue of $3.19 billion for the quarter, compared to analyst estimates of $3.18 billion. DXC Technology had a net margin of 3.34% and a return on equity of 17.56%. DXC Technology's revenue was down 1.0% on a year-over-year basis. During the same period in the previous year, the business posted $0.92 EPS. As a group, equities analysts forecast that DXC Technology Company. will post 3.21 EPS for the current year.

Insider Buying and Selling

In other news, CEO Raul J. Fernandez purchased 16,446 shares of the stock in a transaction dated Monday, February 2nd. The stock was acquired at an average cost of $15.24 per share, for a total transaction of $250,637.04. Following the completion of the transaction, the chief executive officer directly owned 816,001 shares in the company, valued at approximately $12,435,855.24. This represents a 2.06% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at this link. 0.61% of the stock is owned by company insiders.

DXC Technology Profile

DXC Technology, headquartered in Tysons Corner, Virginia, is a global leader in IT services and solutions. The company was formed in 2017 through the merger of Computer Sciences Corporation (CSC) and the Enterprise Services business of Hewlett Packard Enterprise, combining decades of experience in consulting, systems integration and managed services. Since its inception, DXC has focused on helping clients modernize IT environments and drive digital transformation across their organizations.

DXC Technology's core service offerings encompass cloud and platform services, applications and analytics, security, and workplace and mobility solutions.

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