American Century Companies Inc. Has $76.19 Million Position in DXC Technology (NYSE:DXC)

American Century Companies Inc. increased its stake in shares of DXC Technology (NYSE:DXC - Free Report) by 20.8% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,991,295 shares of the company's stock after acquiring an additional 687,522 shares during the period. American Century Companies Inc. owned about 2.21% of DXC Technology worth $76,194,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in DXC. Glenview Capital Management LLC raised its holdings in shares of DXC Technology by 33.6% during the fourth quarter. Glenview Capital Management LLC now owns 13,006,623 shares of the company's stock worth $297,461,000 after acquiring an additional 3,272,212 shares during the period. Teachers Retirement System of The State of Kentucky grew its position in DXC Technology by 4,862.5% in the fourth quarter. Teachers Retirement System of The State of Kentucky now owns 1,031,649 shares of the company's stock valued at $23,593,000 after purchasing an additional 1,010,860 shares in the last quarter. Principal Financial Group Inc. grew its position in DXC Technology by 323.0% in the fourth quarter. Principal Financial Group Inc. now owns 997,769 shares of the company's stock valued at $22,819,000 after purchasing an additional 761,884 shares in the last quarter. Toronto Dominion Bank grew its position in DXC Technology by 683,853.2% in the first quarter. Toronto Dominion Bank now owns 745,509 shares of the company's stock valued at $15,812,000 after purchasing an additional 745,400 shares in the last quarter. Finally, Norges Bank bought a new position in DXC Technology in the fourth quarter valued at $14,881,000. 96.20% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at DXC Technology

In other DXC Technology news, EVP Mary E. Finch sold 31,047 shares of DXC Technology stock in a transaction dated Monday, August 12th. The shares were sold at an average price of $19.36, for a total value of $601,069.92. Following the completion of the sale, the executive vice president now owns 325,665 shares in the company, valued at approximately $6,304,874.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.54% of the stock is currently owned by corporate insiders.

DXC Technology Stock Performance

Shares of NYSE DXC traded up $0.48 during mid-day trading on Friday, reaching $21.24. 609,149 shares of the company were exchanged, compared to its average volume of 2,307,698. The company's 50-day simple moving average is $19.84 and its 200-day simple moving average is $19.44. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 1.21. The stock has a market capitalization of $3.84 billion, a P/E ratio of 57.41, a P/E/G ratio of 1.82 and a beta of 1.67. DXC Technology has a twelve month low of $14.78 and a twelve month high of $25.14.

DXC Technology (NYSE:DXC - Get Free Report) last posted its earnings results on Thursday, August 8th. The company reported $0.74 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.57 by $0.17. The company had revenue of $3.24 billion during the quarter, compared to analysts' expectations of $3.14 billion. DXC Technology had a net margin of 0.60% and a return on equity of 19.20%. As a group, research analysts predict that DXC Technology will post 2.89 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the stock. TD Cowen decreased their target price on shares of DXC Technology from $22.00 to $18.00 and set a "hold" rating for the company in a research report on Tuesday, May 21st. JPMorgan Chase & Co. raised their target price on shares of DXC Technology from $19.00 to $22.00 and gave the company an "underweight" rating in a research report on Friday, September 6th. BMO Capital Markets raised their target price on shares of DXC Technology from $17.50 to $22.00 and gave the company a "market perform" rating in a research report on Friday, August 9th. Susquehanna lifted their price objective on shares of DXC Technology from $15.00 to $19.00 and gave the company a "neutral" rating in a research report on Wednesday, June 12th. Finally, Royal Bank of Canada lifted their price objective on shares of DXC Technology from $18.00 to $20.00 and gave the company a "sector perform" rating in a research report on Friday, August 9th. Three research analysts have rated the stock with a sell rating and seven have given a hold rating to the stock. According to data from MarketBeat, DXC Technology currently has a consensus rating of "Hold" and an average price target of $20.30.

DXC Technology Company 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).