DXC Technology (NYSE:DXC) Shares Sold by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC reduced its holdings in shares of DXC Technology (NYSE:DXC - Free Report) by 88.3% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 14,981 shares of the company's stock after selling 112,962 shares during the period. Allspring Global Investments Holdings LLC's holdings in DXC Technology were worth $311,000 at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in the business. Pacer Advisors Inc. increased its stake in DXC Technology by 30.4% in the second quarter. Pacer Advisors Inc. now owns 19,240,978 shares of the company's stock valued at $367,310,000 after purchasing an additional 4,489,924 shares in the last quarter. American Century Companies Inc. raised its position in shares of DXC Technology by 20.8% in the second quarter. American Century Companies Inc. now owns 3,991,295 shares of the company's stock valued at $76,194,000 after purchasing an additional 687,522 shares during the period. LSV Asset Management raised its position in shares of DXC Technology by 0.8% in the second quarter. LSV Asset Management now owns 3,436,128 shares of the company's stock valued at $65,596,000 after purchasing an additional 26,186 shares during the period. CANADA LIFE ASSURANCE Co raised its position in shares of DXC Technology by 1.8% in the first quarter. CANADA LIFE ASSURANCE Co now owns 3,184,365 shares of the company's stock valued at $67,615,000 after purchasing an additional 55,467 shares during the period. Finally, AQR Capital Management LLC increased its position in DXC Technology by 11.3% during the second quarter. AQR Capital Management LLC now owns 2,117,753 shares of the company's stock worth $39,898,000 after acquiring an additional 215,692 shares during the period. 96.20% of the stock is currently owned by institutional investors and hedge funds.

DXC Technology Stock Performance

NYSE DXC traded up $0.16 during trading hours on Friday, hitting $20.02. The company's stock had a trading volume of 994,069 shares, compared to its average volume of 993,985. DXC Technology has a 12 month low of $14.78 and a 12 month high of $25.14. The company's 50 day simple moving average is $20.60 and its two-hundred day simple moving average is $19.37. The company has a market cap of $3.62 billion, a P/E ratio of 58.88, a price-to-earnings-growth ratio of 1.74 and a beta of 1.67. The company has a debt-to-equity ratio of 1.21, a current ratio of 1.21 and a quick ratio of 1.21.

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

Insider Activity at DXC Technology

In other news, EVP Mary E. Finch sold 31,047 shares of the stock in a transaction on Monday, August 12th. The stock was sold at an average price of $19.36, for a total transaction of $601,069.92. Following the transaction, the executive vice president now owns 325,665 shares of the company's stock, valued at approximately $6,304,874.40. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other DXC Technology news, EVP Mary E. Finch sold 31,047 shares of the firm's stock in a transaction dated Monday, August 12th. The stock was 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 of the company's stock, valued at approximately $6,304,874.40. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Christopher Anthony Voci sold 2,500 shares of the firm's stock in a transaction dated Friday, September 13th. The stock was sold at an average price of $21.37, for a total value of $53,425.00. Following the completion of the transaction, the senior vice president now owns 83,746 shares of the company's stock, valued at approximately $1,789,652.02. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.54% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several equities analysts have commented on DXC shares. Royal Bank of Canada raised their target price on shares of DXC Technology from $18.00 to $20.00 and gave the company a "sector perform" rating in a report on Friday, August 9th. BMO Capital Markets boosted their price target on shares of DXC Technology from $17.50 to $22.00 and gave the stock a "market perform" rating in a research report on Friday, August 9th. Finally, JPMorgan Chase & Co. boosted their price target on shares of DXC Technology from $19.00 to $22.00 and gave the company an "underweight" rating in a research note on Friday, September 6th. Two analysts have rated the stock with a sell rating and seven have issued a hold rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $20.11.

About DXC Technology

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).