Daiwa Securities Group Inc. Has $75,000 Stock Holdings in DXC Technology (NYSE:DXC)

Daiwa Securities Group Inc. lifted its stake in DXC Technology (NYSE:DXCGet Rating) by 18.8% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 2,344 shares of the company’s stock after purchasing an additional 371 shares during the quarter. Daiwa Securities Group Inc.’s holdings in DXC Technology were worth $75,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently modified their holdings of DXC. Franklin Resources Inc. lifted its position in shares of DXC Technology by 25.2% in the 3rd quarter. Franklin Resources Inc. now owns 16,568,171 shares of the company’s stock valued at $556,855,000 after acquiring an additional 3,329,558 shares in the last quarter. BlackRock Inc. grew its holdings in shares of DXC Technology by 0.8% during the 3rd quarter. BlackRock Inc. now owns 15,217,679 shares of the company’s stock valued at $511,466,000 after acquiring an additional 113,445 shares in the last quarter. Invesco Ltd. grew its holdings in shares of DXC Technology by 45.4% during the 3rd quarter. Invesco Ltd. now owns 9,800,550 shares of the company’s stock valued at $329,397,000 after acquiring an additional 3,062,011 shares in the last quarter. Morgan Stanley increased its stake in shares of DXC Technology by 11.1% in the third quarter. Morgan Stanley now owns 5,552,338 shares of the company’s stock worth $186,614,000 after acquiring an additional 554,921 shares during the last quarter. Finally, Geode Capital Management LLC raised its stake in shares of DXC Technology by 0.6% during the 3rd quarter. Geode Capital Management LLC now owns 4,864,040 shares of the company’s stock worth $163,260,000 after purchasing an additional 26,934 shares in the last quarter. 89.16% of the stock is currently owned by hedge funds and other institutional investors.

In other DXC Technology news, EVP William L. Deckelman, Jr. sold 53,831 shares of the stock in a transaction on Monday, February 7th. The stock was sold at an average price of $36.68, for a total transaction of $1,974,521.08. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 0.39% of the company’s stock.

Several research firms have commented on DXC. JPMorgan Chase & Co. lowered their target price on shares of DXC Technology from $41.00 to $39.00 and set an “underweight” rating on the stock in a research report on Tuesday, March 22nd. Cowen lowered their target price on DXC Technology from $50.00 to $45.00 in a report on Thursday, February 3rd. Zacks Investment Research upgraded DXC Technology from a “sell” rating to a “hold” rating and set a $37.00 price target for the company in a report on Friday, February 4th. BMO Capital Markets lowered their price objective on shares of DXC Technology from $40.00 to $35.00 in a research note on Tuesday, January 25th. Finally, Bank of America cut shares of DXC Technology from a “buy” rating to an “underperform” rating and cut their target price for the company from $45.00 to $30.00 in a research note on Wednesday, March 9th. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and seven have given a buy rating to the company. According to data from MarketBeat.com, DXC Technology presently has an average rating of “Hold” and an average target price of $41.75.

NYSE DXC opened at $29.43 on Friday. DXC Technology has a twelve month low of $28.57 and a twelve month high of $44.18. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 0.83. The stock has a market cap of $7.19 billion, a P/E ratio of -12.11, a PEG ratio of 0.27 and a beta of 2.22. The company’s 50-day simple moving average is $32.31 and its 200 day simple moving average is $32.60.

DXC Technology (NYSE:DXCGet Rating) last released its quarterly earnings data on Wednesday, February 2nd. The company reported $0.92 earnings per share for the quarter, meeting the consensus estimate of $0.92. DXC Technology had a positive return on equity of 16.81% and a negative net margin of 3.67%. The company had revenue of $4.09 billion for the quarter, compared to analyst estimates of $4.10 billion. During the same period in the prior year, the company posted $0.84 EPS. The company’s revenue was down 4.6% compared to the same quarter last year. Research analysts anticipate that DXC Technology will post 3.66 earnings per share for the current year.

DXC Technology Profile (Get Rating)

DXC Technology Company, together with its subsidiaries, provides information technology services and solutions primarily in North America, Europe, Asia, and Australia. It operates in two segments, Global Business Services (GBS) and Global Infrastructure Services (GIS). The GBS segment offers a portfolio of analytics services and extensive partner ecosystem that help its customers to gain rapid insights, automate operations, and accelerate their digital transformation journeys; and software engineering and solutions that enable businesses to run and manage their mission-critical functions, transform their operations, and develop new ways of doing business.

Further Reading

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Institutional Ownership by Quarter for DXC Technology (NYSE:DXC)

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