Principal Financial Group Inc. cut its holdings in DXC Technology (NYSE:DXC - Free Report) by 3.0% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund 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 quarter.
A number of other institutional investors have also recently added to or reduced their stakes in the business. Raymond James & Associates lifted its stake in shares of DXC Technology by 52.6% in the 2nd quarter. Raymond James & Associates now owns 118,276 shares of the company's stock valued at $2,258,000 after purchasing an additional 40,751 shares during the last quarter. Bank of New York Mellon Corp raised its stake in shares of DXC Technology by 12.6% in the 2nd quarter. Bank of New York Mellon Corp now owns 1,704,485 shares of the company's stock valued at $32,539,000 after acquiring an additional 191,101 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in DXC Technology by 4.3% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 40,701 shares of the company's stock worth $777,000 after purchasing an additional 1,668 shares during the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. acquired a new position in DXC Technology during the second quarter valued at approximately $260,000. Finally, Focused Wealth Management Inc bought a new position in shares of DXC Technology in the second quarter valued at approximately $193,000. 96.20% of the stock is currently owned by institutional investors and hedge funds.
DXC Technology Stock Performance
Shares of NYSE DXC traded down $0.17 during trading hours on Friday, reaching $20.20. The stock had a trading volume of 633,786 shares, compared to its average volume of 2,005,795. The business's fifty day moving average is $21.33 and its two-hundred day moving average is $20.30. The company has a market cap of $3.66 billion, a price-to-earnings ratio of 252.53, a PEG ratio of 1.40 and a beta of 1.65. DXC Technology has a twelve month low of $14.78 and a twelve month high of $24.83. The company has a debt-to-equity ratio of 1.18, a current ratio of 1.25 and a quick ratio of 1.25.
DXC Technology (NYSE:DXC - Get Free Report) last posted its quarterly earnings results on Thursday, November 7th. The company reported $0.93 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.72 by $0.21. The firm had revenue of $3.24 billion during the quarter, compared to analyst estimates of $3.21 billion. DXC Technology had a net margin of 0.18% and a return on equity of 20.42%. During the same quarter in the prior year, the business posted $0.70 earnings per share. As a group, research analysts expect that DXC Technology will post 3.18 EPS for the current year.
Wall Street Analysts Forecast Growth
DXC has been the topic of several recent analyst reports. Susquehanna lifted their target price on shares of DXC Technology from $19.00 to $23.00 and gave the stock a "neutral" rating in a report on Friday, November 8th. BMO Capital Markets boosted their price objective on DXC Technology from $22.00 to $25.00 and gave the stock a "market perform" rating in a research report on Monday, November 11th. Finally, JPMorgan Chase & Co. raised their target price on DXC Technology from $19.00 to $22.00 and gave the company an "underweight" rating in a report on Friday, September 6th. Two investment analysts have rated the stock with a sell rating and seven have assigned a hold rating to the company's stock. Based on data from MarketBeat, DXC Technology currently has an average rating of "Hold" and a consensus target price of $20.89.
Get Our Latest Analysis on DXC
About DXC Technology
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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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