Mitsubishi UFJ Kokusai Asset Management Co. Ltd. Acquires 20,113 Shares of DXC Technology (NYSE:DXC)

Posted by on May 6th, 2023

Mitsubishi UFJ Kokusai Asset Management Co. Ltd. grew its holdings in shares of DXC Technology (NYSE:DXC – Get Rating) by 29.0% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 89,393 shares of the company’s stock after buying an additional 20,113 shares during the quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd.’s holdings in DXC Technology were worth $2,474,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of DXC. Ronald Blue Trust Inc. grew its stake in DXC Technology by 352.0% in the fourth quarter. Ronald Blue Trust Inc. now owns 1,234 shares of the company’s stock worth $30,000 after purchasing an additional 961 shares in the last quarter. Ellevest Inc. grew its stake in DXC Technology by 264.1% in the third quarter. Ellevest Inc. now owns 1,398 shares of the company’s stock worth $34,000 after purchasing an additional 1,014 shares in the last quarter. Asset Management One Co. Ltd. grew its stake in DXC Technology by 30.0% in the third quarter. Asset Management One Co. Ltd. now owns 1,832 shares of the company’s stock worth $44,000 after purchasing an additional 423 shares in the last quarter. Lansing Street Advisors bought a new position in DXC Technology in the fourth quarter worth approximately $47,000. Finally, CWM LLC grew its stake in DXC Technology by 28.6% in the third quarter. CWM LLC now owns 2,687 shares of the company’s stock worth $66,000 after purchasing an additional 598 shares in the last quarter. Institutional investors own 89.19% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently issued reports on the company. Morgan Stanley dropped their price objective on DXC Technology from $30.00 to $27.00 and set an “equal weight” rating on the stock in a research note on Friday, January 27th. TheStreet raised DXC Technology from a “c” rating to a “b-” rating in a research report on Wednesday, February 1st. Deutsche Bank Aktiengesellschaft dropped their target price on DXC Technology from $48.00 to $35.00 and set a “buy” rating on the stock in a research report on Thursday, February 2nd. Finally, Moffett Nathanson cut DXC Technology from a “market perform” rating to an “underperform” rating and dropped their target price for the company from $32.00 to $28.00 in a research report on Thursday, January 19th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $33.45.

DXC Technology Stock Up 2.0 %

DXC Technology stock opened at $22.69 on Friday. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.13 and a quick ratio of 1.13. The stock has a market capitalization of $5.17 billion, a price-to-earnings ratio of 7.72, a PEG ratio of 0.77 and a beta of 1.94. DXC Technology has a 1-year low of $22.11 and a 1-year high of $36.00. The business has a fifty day moving average price of $24.88 and a 200-day moving average price of $27.05.

DXC Technology (NYSE:DXC – Get Rating) last posted its quarterly earnings data on Wednesday, February 1st. The company reported $0.95 earnings per share for the quarter, topping analysts’ consensus estimates of $0.84 by $0.11. The firm had revenue of $3.57 billion during the quarter, compared to analysts’ expectations of $3.57 billion. DXC Technology had a return on equity of 15.44% and a net margin of 4.84%. The business’s quarterly revenue was down 12.8% on a year-over-year basis. During the same quarter last year, the firm earned $0.92 EPS. Equities research analysts forecast that DXC Technology will post 3.47 EPS for the current fiscal year.

Insider Transactions at DXC Technology

In other news, EVP William L. Deckelman, Jr. sold 33,331 shares of the firm’s stock in a transaction on Thursday, February 9th. The stock was sold at an average price of $29.05, for a total value of $968,265.55. Following the completion of the sale, the executive vice president now owns 157,128 shares of the company’s stock, valued at approximately $4,564,568.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.47% of the company’s stock.

About DXC Technology

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DXC Technology Co provides technology consulting, outsourcing and support services. It operates through the following segments: Global Business Services (GBS) and Global Infrastructure Services (GIS). The GBS segment provides technology solutions that help clients address challenges and accelerate the digital transformations that are tailored to each client’s specific objectives.

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Institutional Ownership by Quarter for DXC Technology (NYSE:DXC)

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