Chevy Chase Trust Holdings LLC decreased its holdings in shares of DXC Technology (NYSE:DXC – Get Rating) by 5.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 132,495 shares of the company’s stock after selling 8,042 shares during the quarter. Chevy Chase Trust Holdings LLC owned 0.06% of DXC Technology worth $3,511,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently modified their holdings of the company. Marshall Wace LLP grew its holdings in shares of DXC Technology by 39.1% during the third quarter. Marshall Wace LLP now owns 246,049 shares of the company’s stock worth $6,022,000 after purchasing an additional 69,183 shares in the last quarter. River & Mercantile Asset Management LLP purchased a new stake in DXC Technology in the third quarter worth approximately $1,849,000. California Public Employees Retirement System boosted its stake in DXC Technology by 17.0% in the third quarter. California Public Employees Retirement System now owns 544,629 shares of the company’s stock worth $13,333,000 after buying an additional 79,152 shares in the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. boosted its stake in DXC Technology by 29.0% in the fourth quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 89,393 shares of the company’s stock worth $2,474,000 after buying an additional 20,113 shares in the last quarter. Finally, Prudential Financial Inc. boosted its stake in DXC Technology by 27.4% in the third quarter. Prudential Financial Inc. now owns 468,883 shares of the company’s stock worth $13,629,000 after buying an additional 100,821 shares in the last quarter. Hedge funds and other institutional investors own 89.19% of the company’s stock.
Analysts Set New Price Targets
DXC has been the subject of several research reports. BMO Capital Markets cut their target price on DXC Technology from $33.00 to $27.00 in a research note on Friday. TheStreet lowered DXC Technology from a “b-” rating to a “c-” rating in a research note on Thursday. Stifel Nicolaus cut their target price on shares of DXC Technology from $30.00 to $25.00 in a report on Friday. Royal Bank of Canada cut their target price on shares of DXC Technology from $38.00 to $34.00 in a report on Friday. Finally, Morgan Stanley cut their target price on shares of DXC Technology from $27.00 to $25.00 in a report on Friday. One analyst has rated the stock with a sell rating, four have given a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $31.75.
DXC Technology Stock Up 2.5 %
DXC Technology (NYSE:DXC – Get Rating) last released its quarterly earnings results on Thursday, May 18th. The company reported $1.02 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $1.02. The business had revenue of $3.59 billion during the quarter, compared to the consensus estimate of $3.62 billion. DXC Technology had a positive return on equity of 16.23% and a negative net margin of 3.94%. The business’s quarterly revenue was down 10.4% compared to the same quarter last year. During the same period in the previous year, the company posted $0.84 EPS. As a group, analysts forecast that DXC Technology will post 3.9 EPS for the current fiscal year.
About DXC Technology
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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