Principal Financial Group Inc. lowered its stake in shares of DXC Technology (NYSE:DXC - Free Report) by 3.0% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 851,826 shares of the company's stock after selling 26,667 shares during the quarter. Principal Financial Group Inc. owned about 0.47% of DXC Technology worth $17,675,000 at the end of the most recent reporting period.
Several other large investors have also recently bought and sold shares of DXC. Robeco Institutional Asset Management B.V. lifted its position in shares of DXC Technology by 31.7% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 350,760 shares of the company's stock worth $7,278,000 after acquiring an additional 84,524 shares during the period. New York State Teachers Retirement System raised its stake in shares of DXC Technology by 2.9% in the third quarter. New York State Teachers Retirement System now owns 213,791 shares of the company's stock valued at $4,436,000 after purchasing an additional 5,976 shares in the last quarter. Wealth Enhancement Advisory Services LLC lifted its position in DXC Technology by 24.2% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 15,519 shares of the company's stock worth $322,000 after purchasing an additional 3,024 shares during the period. Highland Capital Management LLC acquired a new stake in DXC Technology during the third quarter worth $231,000. Finally, Carolina Wealth Advisors LLC bought a new stake in DXC Technology in the 3rd quarter valued at $79,000. 96.20% of the stock is currently owned by institutional investors and hedge funds.
DXC Technology Stock Performance
Shares of NYSE DXC traded down $0.71 during midday trading on Friday, hitting $20.97. 256,887 shares of the company's stock were exchanged, compared to its average volume of 2,124,135. DXC Technology has a 12 month low of $14.78 and a 12 month high of $25.14. The company's 50 day moving average price is $20.81 and its 200 day moving average price is $19.47. The company has a quick ratio of 1.21, a current ratio of 1.25 and a debt-to-equity ratio of 1.18. The firm has a market capitalization of $3.80 billion, a PE ratio of 271.22, a price-to-earnings-growth ratio of 1.45 and a beta of 1.67.
DXC Technology (NYSE:DXC - Get Free Report) last released its quarterly earnings data on Thursday, November 7th. The company reported $0.93 EPS for the quarter, beating the consensus estimate of $0.72 by $0.21. The firm had revenue of $3.24 billion for the quarter, compared to the consensus estimate of $3.21 billion. DXC Technology had a net margin of 0.18% and a return on equity of 20.42%. During the same period in the previous year, the company earned $0.70 earnings per share. As a group, analysts predict that DXC Technology will post 3.18 earnings per share for the current fiscal year.
Wall Street Analyst Weigh In
A number of analysts recently weighed in on DXC shares. JPMorgan Chase & Co. upped their target price 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. Royal Bank of Canada increased their price objective on shares of DXC Technology from $18.00 to $20.00 and gave the stock a "sector perform" rating in a report on Friday, August 9th. Susquehanna boosted their target price on DXC Technology from $19.00 to $23.00 and gave the stock a "neutral" rating in a research report on Friday, November 8th. Finally, BMO Capital Markets increased their price target on shares of DXC Technology from $22.00 to $25.00 and gave the company a "market perform" rating in a research report on Monday. Two investment analysts have rated the stock with a sell rating and seven have assigned a hold rating to the company. According to data from MarketBeat.com, DXC Technology has a consensus rating of "Hold" and a consensus price target of $20.89.
Get Our Latest Research Report on DXC
Insiders Place Their Bets
In other DXC Technology news, SVP Christopher Anthony Voci sold 2,500 shares of the business's stock in a transaction dated Friday, September 13th. The shares were sold at an average price of $21.37, for a total value of $53,425.00. Following the completion of the sale, the senior vice president now owns 83,746 shares of the company's stock, valued at $1,789,652.02. The trade was a 2.90 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 0.54% of the company's stock.
About DXC Technology
(
Free Report)
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).
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