Federated Hermes Inc. Has $12.13 Million Holdings in DXC Technology (NYSE:DXC)

Federated Hermes Inc. cut its position in shares of DXC Technology (NYSE:DXC) by 0.6% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 635,377 shares of the company’s stock after selling 3,965 shares during the period. Federated Hermes Inc. owned 0.35% of DXC Technology worth $12,129,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Mather Group LLC. raised its position in DXC Technology by 55.0% during the second quarter. Mather Group LLC. now owns 1,637 shares of the company’s stock valued at $35,000 after acquiring an additional 581 shares in the last quarter. Family Firm Inc. bought a new position in shares of DXC Technology during the 2nd quarter valued at $37,000. Fifth Third Bancorp raised its holdings in shares of DXC Technology by 40.1% during the 2nd quarter. Fifth Third Bancorp now owns 1,954 shares of the company’s stock valued at $37,000 after purchasing an additional 559 shares in the last quarter. Quarry LP acquired a new stake in shares of DXC Technology in the 4th quarter valued at $51,000. Finally, Innealta Capital LLC bought a new stake in DXC Technology in the second quarter worth $96,000. 96.20% of the stock is currently owned by institutional investors and hedge funds.

DXC Technology Stock Up 0.9 %

DXC opened at $21.44 on Tuesday. DXC Technology has a 1-year low of $14.78 and a 1-year high of $25.14. The business has a 50 day moving average of $19.84 and a 200-day moving average of $19.44. The stock has a market capitalization of $3.88 billion, a price-to-earnings ratio of 57.95, a P/E/G ratio of 1.82 and a beta of 1.67. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 1.21.

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

Insider Buying and Selling at DXC Technology

In other news, EVP Mary E. Finch sold 31,047 shares of DXC Technology stock in a transaction that occurred 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 sale, the executive vice president now owns 325,665 shares of the company’s stock, valued at approximately $6,304,874.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.54% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on DXC. Royal Bank of Canada raised their target price on DXC Technology from $18.00 to $20.00 and gave the company a “sector perform” rating in a report on Friday, August 9th. JPMorgan Chase & Co. raised their price objective on DXC Technology from $19.00 to $22.00 and gave the company an “underweight” rating in a research note on Friday, September 6th. BMO Capital Markets upped their target price on DXC Technology from $17.50 to $22.00 and gave the stock a “market perform” rating in a research report on Friday, August 9th. Susquehanna lifted their price target on shares of DXC Technology from $15.00 to $19.00 and gave the company a “neutral” rating in a research report on Wednesday, June 12th. Finally, TD Cowen reduced their price objective on shares of DXC Technology from $22.00 to $18.00 and set a “hold” rating for the company in a research note on Tuesday, May 21st. Three equities research analysts have rated the stock with a sell rating and seven have given a hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $20.30.

DXC Technology Company Profile

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).