DXC Technology Company. $DXC Shares Bought by Mitsubishi UFJ Trust & Banking Corp

Mitsubishi UFJ Trust & Banking Corp lifted its stake in shares of DXC Technology Company. (NYSE:DXC) by 10.4% during the third quarter, Holdings Channel reports. The fund owned 776,839 shares of the company’s stock after purchasing an additional 73,221 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp’s holdings in DXC Technology were worth $10,588,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the company. EverSource Wealth Advisors LLC grew its holdings in shares of DXC Technology by 240.6% during the second quarter. EverSource Wealth Advisors LLC now owns 1,737 shares of the company’s stock worth $27,000 after buying an additional 1,227 shares in the last quarter. Headlands Technologies LLC acquired a new stake in DXC Technology during the second quarter worth approximately $39,000. Signaturefd LLC raised its holdings in DXC Technology by 187.3% in the 2nd quarter. Signaturefd LLC now owns 3,054 shares of the company’s stock valued at $47,000 after acquiring an additional 1,991 shares during the last quarter. Allworth Financial LP lifted its stake in shares of DXC Technology by 68.9% during the 2nd quarter. Allworth Financial LP now owns 3,330 shares of the company’s stock worth $51,000 after purchasing an additional 1,359 shares during the period. Finally, Newbridge Financial Services Group Inc. boosted its holdings in shares of DXC Technology by 143.3% during the second quarter. Newbridge Financial Services Group Inc. now owns 4,075 shares of the company’s stock worth $62,000 after purchasing an additional 2,400 shares during the last quarter. Institutional investors and hedge funds own 96.20% of the company’s stock.

Analyst Upgrades and Downgrades

DXC has been the subject of a number of recent analyst reports. Stifel Nicolaus lowered their price objective on DXC Technology from $15.00 to $14.00 and set a “hold” rating for the company in a research report on Friday, October 31st. Susquehanna set a $14.00 price objective on shares of DXC Technology and gave the stock a “neutral” rating in a report on Friday, October 31st. Wolfe Research downgraded shares of DXC Technology from a “strong-buy” rating to a “strong sell” rating in a report on Thursday, January 8th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of DXC Technology in a research report on Wednesday, October 8th. Finally, Wall Street Zen raised shares of DXC Technology from a “hold” rating to a “buy” rating in a research note on Sunday, November 9th. Six research analysts have rated the stock with a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat, DXC Technology presently has an average rating of “Reduce” and a consensus target price of $15.00.

Insider Activity at DXC Technology

In related news, SVP Christopher Anthony Voci sold 2,500 shares of the business’s stock in a transaction that occurred on Thursday, December 11th. The stock was sold at an average price of $15.15, for a total transaction of $37,875.00. Following the transaction, the senior vice president directly owned 88,605 shares of the company’s stock, valued at approximately $1,342,365.75. The trade was a 2.74% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 0.61% of the company’s stock.

DXC Technology Stock Performance

Shares of DXC stock opened at $14.43 on Thursday. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 0.71. The company has a market cap of $2.51 billion, a PE ratio of 7.11 and a beta of 1.04. The company’s fifty day simple moving average is $14.52 and its 200-day simple moving average is $14.00. DXC Technology Company. has a 52 week low of $11.82 and a 52 week high of $23.75.

DXC Technology (NYSE:DXC) last announced its quarterly earnings results on Friday, October 31st. The company reported $0.84 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.71 by $0.13. The firm had revenue of $3.16 billion during the quarter, compared to the consensus estimate of $3.17 billion. DXC Technology had a return on equity of 17.83% and a net margin of 2.93%.The firm’s quarterly revenue was down 2.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.93 EPS. As a group, equities research analysts anticipate that DXC Technology Company. will post 3.35 EPS for the current year.

About DXC Technology

DXC Technology, headquartered in Tysons Corner, Virginia, is a global leader in IT services and solutions. The company was formed in 2017 through the merger of Computer Sciences Corporation (CSC) and the Enterprise Services business of Hewlett Packard Enterprise, combining decades of experience in consulting, systems integration and managed services. Since its inception, DXC has focused on helping clients modernize IT environments and drive digital transformation across their organizations.

DXC Technology’s core service offerings encompass cloud and platform services, applications and analytics, security, and workplace and mobility solutions.