DXC Technology Company. (NYSE:DXC) Position Trimmed by Mackenzie Financial Corp

Mackenzie Financial Corp reduced its position in DXC Technology Company. (NYSE:DXC - Free Report) by 3.7% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 865,807 shares of the company's stock after selling 33,284 shares during the period. Mackenzie Financial Corp owned approximately 0.48% of DXC Technology worth $14,762,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in DXC. Sterling Capital Management LLC raised its stake 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 purchasing an additional 3,833 shares in the last quarter. Principal Financial Group Inc. raised its stake in DXC Technology by 2.4% during the first quarter. Principal Financial Group Inc. now owns 898,356 shares of the company's stock worth $15,317,000 after acquiring an additional 20,957 shares during the period. Allspring Global Investments Holdings LLC raised its stake in DXC Technology by 323.4% during the first quarter. Allspring Global Investments Holdings LLC now owns 63,772 shares of the company's stock worth $1,106,000 after acquiring an additional 48,711 shares during the period. Janney Montgomery Scott LLC raised its stake in DXC Technology by 15.1% during the first quarter. Janney Montgomery Scott LLC now owns 20,767 shares of the company's stock worth $354,000 after acquiring an additional 2,724 shares during the period. Finally, Twelve Points Wealth Management LLC raised its stake in DXC Technology by 22.2% during the first quarter. Twelve Points Wealth Management LLC now owns 101,974 shares of the company's stock worth $1,739,000 after acquiring an additional 18,507 shares during the period. 96.20% of the stock is owned by hedge funds and other institutional investors.

DXC Technology Price Performance

Shares of DXC Technology stock traded down $0.74 on Friday, hitting $12.87. The company had a trading volume of 5,093,415 shares, compared to its average volume of 1,673,858. The business has a 50-day simple moving average of $15.02 and a 200-day simple moving average of $16.72. 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 company has a market cap of $2.33 billion, a PE ratio of 6.25 and a beta of 1.18. DXC Technology Company. has a 52 week low of $12.24 and a 52 week high of $24.83.

DXC Technology (NYSE:DXC - Get Free Report) last posted its quarterly earnings data on Thursday, July 31st. The company reported $0.68 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.64 by $0.04. The business had revenue of $3.16 billion during the quarter, compared to analysts' expectations of $3.06 billion. DXC Technology had a net margin of 2.96% and a return on equity of 18.73%. The business's revenue was down 2.4% on a year-over-year basis. During the same period last year, the firm posted $0.74 earnings per share. Research analysts expect that DXC Technology Company. will post 3.35 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

DXC has been the topic of several research reports. Wall Street Zen upgraded shares of DXC Technology from a "hold" rating to a "buy" rating in a research note on Sunday, July 20th. Guggenheim reiterated a "neutral" rating on shares of DXC Technology in a research note on Monday, May 12th. Royal Bank Of Canada dropped their price objective on shares of DXC Technology from $18.00 to $16.00 and set a "sector perform" rating on the stock in a research note on Friday. BMO Capital Markets decreased 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 decreased 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 investment analyst has rated the stock with a sell rating, five have issued a hold rating and one has issued a buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $16.40.

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).