US Bancorp DE Has $268,000 Position in DXC Technology (NYSE:DXC)

US Bancorp DE boosted its holdings in DXC Technology (NYSE:DXC) by 17.3% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 13,406 shares of the company’s stock after buying an additional 1,977 shares during the period. US Bancorp DE’s holdings in DXC Technology were worth $268,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Pacer Advisors Inc. increased its stake in DXC Technology by 4.7% in the third quarter. Pacer Advisors Inc. now owns 20,140,488 shares of the company’s stock valued at $417,915,000 after purchasing an additional 899,510 shares in the last quarter. Principal Financial Group Inc. increased its stake in DXC Technology by 3.0% in the fourth quarter. Principal Financial Group Inc. now owns 877,399 shares of the company’s stock valued at $17,530,000 after purchasing an additional 25,573 shares in the last quarter. JPMorgan Chase & Co. increased its stake in DXC Technology by 1.3% in the third quarter. JPMorgan Chase & Co. now owns 823,191 shares of the company’s stock valued at $17,081,000 after purchasing an additional 10,922 shares in the last quarter. Assenagon Asset Management S.A. increased its stake in DXC Technology by 4,893.5% in the fourth quarter. Assenagon Asset Management S.A. now owns 669,576 shares of the company’s stock valued at $13,378,000 after purchasing an additional 656,167 shares in the last quarter. Finally, Natixis Advisors LLC increased its stake in DXC Technology by 22.3% in the third quarter. Natixis Advisors LLC now owns 223,376 shares of the company’s stock valued at $4,635,000 after purchasing an additional 40,771 shares in the last quarter. 96.20% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, Morgan Stanley upped their target price on shares of DXC Technology from $20.00 to $22.00 and gave the company an “equal weight” rating in a research note on Friday, January 31st. One analyst has rated the stock with a sell rating and seven have issued a hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $21.38.

DXC Technology Stock Performance

Shares of DXC opened at $17.26 on Friday. The firm has a 50-day moving average of $20.01 and a 200-day moving average of $20.65. DXC Technology has a one year low of $14.79 and a one year high of $24.83. The company has a market cap of $3.12 billion, a PE ratio of -41.08, a price-to-earnings-growth ratio of 1.16 and a beta of 1.62. The company has a debt-to-equity ratio of 1.12, a current ratio of 1.34 and a quick ratio of 1.34.

DXC Technology (NYSE:DXC) last announced its quarterly earnings data on Tuesday, February 4th. The company reported $0.92 EPS for the quarter, beating analysts’ consensus estimates of $0.69 by $0.23. DXC Technology had a negative net margin of 0.57% and a positive return on equity of 20.70%. As a group, equities analysts forecast that DXC Technology will post 3.35 earnings per share for the current year.

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).