Allspring Global Investments Holdings LLC Decreases Stock Holdings in DXC Technology (NYSE:DXC)

Allspring Global Investments Holdings LLC trimmed its holdings in DXC Technology (NYSE:DXC) by 88.3% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,981 shares of the company’s stock after selling 112,962 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in DXC Technology were worth $311,000 as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. William B. Walkup & Associates Inc. purchased a new position in DXC Technology in the 2nd quarter worth approximately $26,000. Mather Group LLC. lifted its stake in DXC Technology by 55.0% in the 2nd quarter. Mather Group LLC. now owns 1,637 shares of the company’s stock worth $35,000 after purchasing an additional 581 shares in the last quarter. Family Firm Inc. purchased a new position in DXC Technology in the 2nd quarter worth approximately $37,000. Fifth Third Bancorp lifted its stake in DXC Technology by 40.1% in the 2nd quarter. Fifth Third Bancorp now owns 1,954 shares of the company’s stock worth $37,000 after purchasing an additional 559 shares in the last quarter. Finally, Matrix Trust Co acquired a new stake in shares of DXC Technology during the 3rd quarter worth approximately $43,000. 96.20% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on DXC. BMO Capital Markets raised their price target on shares of DXC Technology from $17.50 to $22.00 and gave the stock a “market perform” rating in a report on Friday, August 9th. JPMorgan Chase & Co. raised their price target on shares of DXC Technology from $19.00 to $22.00 and gave the stock an “underweight” rating in a report on Friday, September 6th. Finally, Royal Bank of Canada raised their price target 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. Two research analysts have rated the stock with a sell rating and seven have issued a hold rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $20.11.

DXC Technology Stock Up 0.8 %

DXC Technology stock opened at $20.02 on Friday. DXC Technology has a fifty-two week low of $14.78 and a fifty-two week high of $25.14. The company has a debt-to-equity ratio of 1.21, a quick ratio of 1.21 and a current ratio of 1.21. The firm has a 50 day moving average price of $20.60 and a 200 day moving average price of $19.37. The company has a market capitalization of $3.62 billion, a PE ratio of 58.88, a price-to-earnings-growth ratio of 1.82 and a beta of 1.67.

DXC Technology (NYSE:DXC) last posted its earnings results on Thursday, August 8th. The company reported $0.74 earnings per share for the quarter, beating the consensus estimate of $0.57 by $0.17. DXC Technology had a net margin of 0.60% and a return on equity of 19.20%. The firm had revenue of $3.24 billion during the quarter, compared to the consensus estimate of $3.14 billion. Research analysts expect that DXC Technology will post 2.89 earnings per share for the current year.

Insider Activity at DXC Technology

In related news, SVP Christopher Anthony Voci sold 2,500 shares of DXC Technology stock in a transaction that occurred on 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 in the company, valued at approximately $1,789,652.02. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other DXC Technology news, EVP Mary E. Finch sold 31,047 shares of the business’s stock in a transaction on Monday, August 12th. The shares were sold at an average price of $19.36, for a total value of $601,069.92. Following the completion of the transaction, the executive vice president now owns 325,665 shares in the company, valued at $6,304,874.40. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, SVP Christopher Anthony Voci sold 2,500 shares of the business’s stock in a transaction on Friday, September 13th. The stock was sold at an average price of $21.37, for a total transaction of $53,425.00. Following the completion of the transaction, the senior vice president now owns 83,746 shares of the company’s stock, valued at approximately $1,789,652.02. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 0.54% of the stock is owned by insiders.

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).