Mackenzie Financial Corp lessened its position in DXC Technology Company. (NYSE:DXC - Free Report) by 3.7% in the first quarter, according to its most recent disclosure with the SEC. The firm 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 as of its most recent filing with the SEC.
A number of other institutional investors also recently modified their holdings of DXC. Byrne Asset Management LLC acquired a new position in shares of DXC Technology during the first quarter valued at about $33,000. Wealthquest Corp purchased a new position in DXC Technology during the 1st quarter worth $49,000. Meeder Asset Management Inc. bought a new position in shares of DXC Technology during the fourth quarter valued at about $55,000. GAMMA Investing LLC increased its stake in DXC Technology by 37.4% in the 1st quarter. GAMMA Investing LLC now owns 4,507 shares of the company's stock valued at $77,000 after buying an additional 1,226 shares during the last quarter. Finally, Quarry LP boosted its stake in shares of DXC Technology by 604.1% in the 4th quarter. Quarry LP now owns 3,978 shares of the company's stock worth $79,000 after buying an additional 3,413 shares during the last quarter. 96.20% of the stock is owned by institutional investors and hedge funds.
Analysts Set New Price Targets
Several research analysts have weighed in on the company. JPMorgan Chase & Co. cut their price objective on DXC Technology from $22.00 to $18.00 and set an "underweight" rating on the stock in a research report on Wednesday, May 21st. Guggenheim restated a "neutral" rating on shares of DXC Technology in a research report on Monday, May 12th. Susquehanna lowered their price objective on shares of DXC Technology from $23.00 to $16.00 and set a "neutral" rating on the stock in a research report on Wednesday, April 23rd. BMO Capital Markets lowered their price target on shares of DXC Technology from $26.00 to $17.00 and set a "market perform" rating on the stock in a report on Thursday, May 15th. Finally, Royal Bank Of Canada decreased their target price on DXC Technology from $18.00 to $16.00 and set a "sector perform" rating for the company in a research report on Friday. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and one has issued a buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $16.40.
Check Out Our Latest Stock Analysis on DXC
DXC Technology Stock Performance
Shares of NYSE DXC traded down $0.74 during mid-day trading 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 stock's 50-day moving average price is $15.02 and its 200-day moving average price is $16.74. The company has a market capitalization of $2.33 billion, a price-to-earnings ratio of 6.25 and a beta of 1.18. The company has a current ratio of 1.22, a quick ratio of 1.22 and a debt-to-equity ratio of 0.86. DXC Technology Company. has a 1 year low of $12.24 and a 1 year high of $24.83.
DXC Technology (NYSE:DXC - Get Free Report) last announced its quarterly earnings results on Thursday, July 31st. The company reported $0.68 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.64 by $0.04. The firm had revenue of $3.16 billion for the quarter, compared to the consensus estimate of $3.06 billion. DXC Technology had a net margin of 2.96% and a return on equity of 18.73%. The company's revenue for the quarter was down 2.4% on a year-over-year basis. During the same period in the prior year, the firm posted $0.74 earnings per share. On average, sell-side analysts forecast that DXC Technology Company. will post 3.35 earnings per share for the current year.
DXC Technology Company Profile
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Free Report)
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).
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