Principal Financial Group Inc. Raises Stock Holdings in DXC Technology Company. (NYSE:DXC)

Principal Financial Group Inc. lifted its holdings in shares of DXC Technology Company. (NYSE:DXC - Free Report) by 2.4% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 898,356 shares of the company's stock after purchasing an additional 20,957 shares during the quarter. Principal Financial Group Inc. owned 0.50% of DXC Technology worth $15,317,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. boosted its stake in DXC Technology by 1.2% in the fourth quarter. Vanguard Group Inc. now owns 23,634,617 shares of the company's stock worth $472,220,000 after buying an additional 270,206 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in DXC Technology by 3.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 10,436,557 shares of the company's stock worth $208,524,000 after buying an additional 378,338 shares in the last quarter. American Century Companies Inc. boosted its stake in DXC Technology by 18.5% in the fourth quarter. American Century Companies Inc. now owns 5,816,970 shares of the company's stock worth $116,223,000 after buying an additional 907,004 shares in the last quarter. LSV Asset Management boosted its stake in DXC Technology by 0.9% in the fourth quarter. LSV Asset Management now owns 3,382,372 shares of the company's stock worth $67,580,000 after buying an additional 31,263 shares in the last quarter. Finally, AQR Capital Management LLC boosted its holdings in DXC Technology by 43.8% during the 4th quarter. AQR Capital Management LLC now owns 1,943,649 shares of the company's stock valued at $38,834,000 after acquiring an additional 591,841 shares during the period. Hedge funds and other institutional investors own 96.20% of the company's stock.

DXC Technology Trading Down 5.4%

Shares of NYSE:DXC opened at $14.30 on Friday. The stock has a market capitalization of $2.59 billion, a price-to-earnings ratio of 6.78, a PEG ratio of 3.98 and a beta of 1.20. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.22 and a current ratio of 1.22. The stock's 50-day simple moving average is $15.47 and its two-hundred day simple moving average is $17.35. DXC Technology Company. has a 52-week low of $13.44 and a 52-week high of $24.83.

DXC Technology (NYSE:DXC - Get Free Report) last posted its quarterly earnings data 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. 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 analysts' expectations of $3.13 billion. During the same period in the previous year, the firm earned $0.97 EPS. The business's quarterly revenue was down 6.4% on a year-over-year basis. Analysts expect that DXC Technology Company. will post 3.35 EPS for the current year.

Analyst Upgrades and Downgrades

DXC has been the topic of several recent analyst reports. Wall Street Zen cut shares of DXC Technology from a "buy" rating to a "hold" rating in a report on Saturday. Susquehanna dropped their price target on DXC Technology from $23.00 to $16.00 and set a "neutral" rating for the company in a research note on Wednesday, April 23rd. JPMorgan Chase & Co. decreased their price objective on DXC Technology from $22.00 to $18.00 and set an "underweight" rating for the company in a report on Wednesday, May 21st. Guggenheim reiterated a "neutral" rating on shares of DXC Technology in a report on Monday, May 12th. Finally, Royal Bank Of Canada decreased their price objective on DXC Technology from $27.00 to $18.00 and set a "sector perform" rating for the company in a report on Thursday, May 15th. One equities research analyst has rated the stock with a sell rating and six have issued a hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $17.00.

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).

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