CX Institutional Purchases 144,374 Shares of DXC Technology (NYSE:DXC)

CX Institutional raised its holdings in shares of DXC Technology (NYSE:DXC - Free Report) by 277,642.3% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 144,426 shares of the company's stock after buying an additional 144,374 shares during the period. CX Institutional owned about 0.08% of DXC Technology worth $2,462,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in DXC. US Bancorp DE lifted its position in shares of DXC Technology by 17.3% in the 4th quarter. US Bancorp DE now owns 13,406 shares of the company's stock valued at $268,000 after acquiring an additional 1,977 shares in the last quarter. Sterling Capital Management LLC lifted 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 valued at $215,000 after acquiring an additional 3,833 shares in the last quarter. Principal Financial Group Inc. lifted its position in shares of DXC Technology by 3.0% in the 4th quarter. Principal Financial Group Inc. now owns 877,399 shares of the company's stock valued at $17,530,000 after acquiring an additional 25,573 shares in the last quarter. Royce & Associates LP lifted its position in shares of DXC Technology by 35.7% in the 4th quarter. Royce & Associates LP now owns 124,813 shares of the company's stock valued at $2,494,000 after acquiring an additional 32,842 shares in the last quarter. Finally, Victory Capital Management Inc. lifted its position in shares of DXC Technology by 22.4% in the 4th quarter. Victory Capital Management Inc. now owns 91,980 shares of the company's stock valued at $1,838,000 after acquiring an additional 16,850 shares in the last quarter. 96.20% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on DXC shares. Royal Bank of Canada cut their target price on shares of DXC Technology from $27.00 to $18.00 and set a "sector perform" rating for the company in a research report on Thursday, May 15th. Wall Street Zen downgraded shares of DXC Technology from a "buy" rating to a "hold" rating in a research report on Thursday, May 22nd. Guggenheim reiterated a "neutral" rating on shares of DXC Technology in a research report on Monday, May 12th. BMO Capital Markets cut their target price on shares of DXC Technology from $26.00 to $17.00 and set a "market perform" rating for the company in a research report on Thursday, May 15th. Finally, 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 report on Wednesday, April 23rd. One research analyst has rated the stock with a sell rating and six have issued a hold rating to the company. According to MarketBeat.com, DXC Technology currently has an average rating of "Hold" and a consensus target price of $17.00.

DXC Technology Stock Down 1.9%

Shares of DXC Technology stock traded down $0.30 during midday trading on Friday, reaching $15.56. 1,617,781 shares of the company's stock traded hands, compared to its average volume of 1,510,919. The company has a market cap of $2.82 billion, a price-to-earnings ratio of -37.05, a price-to-earnings-growth ratio of 1.16 and a beta of 1.22. The company's 50 day simple moving average is $15.33 and its 200 day simple moving average is $18.23. The company has a debt-to-equity ratio of 1.12, a quick ratio of 1.34 and a current ratio of 1.34. DXC Technology has a 52 week low of $13.44 and a 52 week 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 for the quarter, compared to the consensus estimate of $3.13 billion. DXC Technology had a negative net margin of 0.57% and a positive return on equity of 20.70%. DXC Technology's revenue for the quarter was down 6.4% on a year-over-year basis. During the same quarter last year, the firm earned $0.97 EPS. Equities analysts expect that DXC Technology will post 3.35 earnings per share for the current fiscal 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).