Fifth Third Bancorp Reduces Stock Holdings in DXC Technology Company. $DXC

Fifth Third Bancorp cut its holdings in DXC Technology Company. (NYSE:DXC) by 62.9% in the second quarter, HoldingsChannel reports. The institutional investor owned 35,386 shares of the company’s stock after selling 59,900 shares during the quarter. Fifth Third Bancorp’s holdings in DXC Technology were worth $313,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of the business. 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 valued at $27,000 after buying an additional 1,227 shares during the last quarter. Danske Bank A S raised its stake in DXC Technology by 280.0% in the 4th quarter. Danske Bank A S now owns 1,900 shares of the company’s stock worth $28,000 after acquiring an additional 1,400 shares during the last quarter. Hantz Financial Services Inc. lifted its position in DXC Technology by 110.5% during the 4th quarter. Hantz Financial Services Inc. now owns 2,185 shares of the company’s stock worth $32,000 after acquiring an additional 1,147 shares during the period. CIBC Private Wealth Group LLC lifted its position in DXC Technology by 13,258.8% during the 4th quarter. CIBC Private Wealth Group LLC now owns 2,271 shares of the company’s stock worth $33,000 after acquiring an additional 2,254 shares during the period. Finally, Headlands Technologies LLC purchased a new stake in DXC Technology during the 2nd quarter valued at about $39,000. Hedge funds and other institutional investors own 96.20% of the company’s stock.

DXC Technology Trading Down 3.6%

Shares of DXC Technology stock opened at $10.79 on Friday. The company has a current ratio of 1.41, a quick ratio of 1.41 and a debt-to-equity ratio of 0.90. DXC Technology Company. has a twelve month low of $7.90 and a twelve month high of $15.68. The firm has a market capitalization of $1.72 billion, a PE ratio of 15.42 and a beta of 0.79. The firm’s 50-day moving average price is $9.72 and its 200 day moving average price is $11.17.

DXC Technology (NYSE:DXC) last posted its quarterly earnings results on Thursday, July 30th. The company reported $0.40 earnings per share for the quarter, missing analysts’ consensus estimates of $0.41 by ($0.01). DXC Technology had a return on equity of 15.60% and a net margin of 0.99%.The business had revenue of $3 billion for the quarter, compared to analyst estimates of $2.99 billion. During the same quarter in the previous year, the firm posted $0.68 earnings per share. The business’s revenue was down 5.0% compared to the same quarter last year. DXC Technology has set its Q2 2027 guidance at 0.550-0.550 EPS. On average, sell-side analysts predict that DXC Technology Company. will post 2.61 EPS for the current fiscal year.

Analyst Ratings Changes

Several analysts have commented on DXC shares. Zacks Research upgraded shares of DXC Technology from a “strong sell” rating to a “hold” rating in a research note on Monday, July 13th. Royal Bank Of Canada reduced their target price on shares of DXC Technology from $16.00 to $14.00 and set a “sector perform” rating for the company in a report on Friday, July 31st. Weiss Ratings restated a “sell (d)” rating on shares of DXC Technology in a research report on Friday, August 7th. BMO Capital Markets cut their price target on DXC Technology from $17.00 to $10.00 and set a “market perform” rating on the stock in a research report on Monday, May 11th. Finally, TD Cowen boosted their price objective on DXC Technology from $10.00 to $12.00 and gave the company a “hold” rating in a report on Monday, August 3rd. Seven equities research analysts have rated the stock with a Hold rating and three have given a Sell rating to the company. According to MarketBeat, DXC Technology presently has an average rating of “Reduce” and a consensus target price of $12.44.

DXC Technology Company Profile

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.