KBC Group NV Sells 132,652 Shares of DXC Technology Company. (NYSE:DXC)

KBC Group NV lowered its stake in shares of DXC Technology Company. (NYSE:DXC - Free Report) by 93.1% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 9,853 shares of the company's stock after selling 132,652 shares during the period. KBC Group NV's holdings in DXC Technology were worth $168,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. US Bancorp DE raised its stake in shares of 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 in the last quarter. Sterling Capital Management LLC increased its holdings in shares of DXC Technology by 55.4% during the 4th 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 during the last quarter. Royce & Associates LP increased its holdings in shares of DXC Technology by 35.7% during the 4th quarter. Royce & Associates LP now owns 124,813 shares of the company's stock worth $2,494,000 after acquiring an additional 32,842 shares during the last quarter. Victory Capital Management Inc. increased its holdings in shares of DXC Technology by 22.4% during the 4th quarter. Victory Capital Management Inc. now owns 91,980 shares of the company's stock worth $1,838,000 after acquiring an additional 16,850 shares during the last quarter. Finally, Proficio Capital Partners LLC acquired a new position in shares of DXC Technology during the 4th quarter worth approximately $659,000. Institutional investors own 96.20% of the company's stock.

DXC Technology Stock Performance

Shares of NYSE DXC opened at $16.24 on Monday. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.22 and a quick ratio of 1.22. The stock's fifty day moving average price is $15.51 and its two-hundred day moving average price is $17.49. DXC Technology Company. has a one year low of $13.44 and a one year high of $24.83. The firm has a market cap of $2.94 billion, a price-to-earnings ratio of 7.70, a P/E/G ratio of 4.28 and a beta of 1.20.

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

Analysts Set New Price Targets

A number of research firms recently weighed in on DXC. BMO Capital Markets decreased their target price 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. JPMorgan Chase & Co. decreased their target price on DXC Technology from $22.00 to $18.00 and set an "underweight" rating on the stock in a report on Wednesday, May 21st. Susquehanna decreased their target price on DXC Technology from $23.00 to $16.00 and set a "neutral" rating on the stock in a report on Wednesday, April 23rd. Guggenheim reissued a "neutral" rating on shares of DXC Technology in a report on Monday, May 12th. Finally, Morgan Stanley decreased their target price on DXC Technology from $22.00 to $16.00 and set an "equal weight" rating on the stock in a report on Thursday, May 15th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and one has given a buy rating to the stock. According to data from MarketBeat.com, DXC Technology has an average rating of "Hold" and an average price target of $17.00.

About DXC Technology

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).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.