DXC Technology (NYSE:DXC) Stock Holdings Decreased by American International Group Inc.

American International Group Inc. cut its holdings in DXC Technology (NYSE:DXC) by 3.2% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 111,467 shares of the company’s stock after selling 3,739 shares during the period. American International Group Inc.’s holdings in DXC Technology were worth $1,990,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also bought and sold shares of DXC. Victory Capital Management Inc. boosted its holdings in shares of DXC Technology by 26.6% in the 2nd quarter. Victory Capital Management Inc. now owns 4,775,528 shares of the company’s stock valued at $78,796,000 after buying an additional 1,003,074 shares during the period. FIL Ltd boosted its holdings in shares of DXC Technology by 127.6% in the 2nd quarter. FIL Ltd now owns 1,692,001 shares of the company’s stock valued at $27,918,000 after buying an additional 948,502 shares during the period. Federated Hermes Inc. boosted its holdings in shares of DXC Technology by 45.1% in the 2nd quarter. Federated Hermes Inc. now owns 2,966,004 shares of the company’s stock valued at $48,939,000 after buying an additional 921,297 shares during the period. LSV Asset Management boosted its holdings in shares of DXC Technology by 23.8% in the 2nd quarter. LSV Asset Management now owns 3,300,849 shares of the company’s stock valued at $54,464,000 after buying an additional 634,692 shares during the period. Finally, Mackay Shields LLC boosted its holdings in shares of DXC Technology by 244.7% in the 2nd quarter. Mackay Shields LLC now owns 665,805 shares of the company’s stock valued at $10,986,000 after buying an additional 472,668 shares during the period. 78.19% of the stock is owned by institutional investors and hedge funds.

In other news, EVP William L. Deckelman, Jr. sold 14,600 shares of the business’s stock in a transaction that occurred on Monday, November 9th. The shares were sold at an average price of $20.00, for a total transaction of $292,000.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Raul J. Fernandez purchased 2,415 shares of the business’s stock in a transaction dated Friday, November 13th. The shares were purchased at an average price of $20.63 per share, for a total transaction of $49,821.45. Following the acquisition, the director now directly owns 15,525 shares of the company’s stock, valued at $320,280.75. The disclosure for this purchase can be found here. 0.81% of the stock is owned by insiders.

A number of research firms have issued reports on DXC. ValuEngine lowered shares of DXC Technology from a “sell” rating to a “strong sell” rating in a research note on Monday, August 3rd. JPMorgan Chase & Co. boosted their target price on shares of DXC Technology from $19.00 to $22.00 and gave the company a “neutral” rating in a research note on Monday, August 17th. Morgan Stanley reduced their target price on shares of DXC Technology from $33.00 to $31.00 and set an “overweight” rating for the company in a research note on Friday, November 6th. BMO Capital Markets boosted their target price on shares of DXC Technology from $16.00 to $21.00 and gave the company a “market perform” rating in a research note on Monday, August 10th. Finally, Zacks Investment Research raised shares of DXC Technology from a “strong sell” rating to a “hold” rating and set a $19.00 target price for the company in a research note on Thursday, August 6th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and three have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $23.00.

NYSE DXC opened at $21.46 on Friday. The company has a debt-to-equity ratio of 1.69, a current ratio of 0.96 and a quick ratio of 0.96. The company’s 50 day simple moving average is $19.62 and its 200 day simple moving average is $18.02. DXC Technology has a 12 month low of $7.90 and a 12 month high of $38.37. The company has a market capitalization of $5.46 billion, a P/E ratio of -1.41 and a beta of 2.46.

DXC Technology (NYSE:DXC) last released its earnings results on Thursday, November 5th. The company reported $0.64 EPS for the quarter, topping analysts’ consensus estimates of $0.38 by $0.26. DXC Technology had a negative net margin of 20.44% and a positive return on equity of 14.08%. The business had revenue of $4.55 billion for the quarter, compared to the consensus estimate of $4.46 billion. During the same period in the previous year, the firm earned $1.38 EPS. The business’s revenue for the quarter was down 6.1% on a year-over-year basis. On average, analysts anticipate that DXC Technology will post 2.07 earnings per share for the current year.

DXC Technology Company Profile

DXC Technology Company, together with its subsidiaries, provides information technology services and solutions primarily in North America, Europe, Asia, and Australia. It operates in two segments, Global Business Services (GBS) and Global Infrastructure Services (GIS). The GBS segment offers a portfolio of analytics services and extensive partner ecosystem that help its customers to gain rapid insights, automate operations, and accelerate their digital transformation journeys; and software engineering and solutions that enable businesses to run and manage their mission-critical functions, transform their operations, and develop new ways of doing business.

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

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