DXC Technology Company. $DXC Stake Decreased by Federated Hermes Inc.

Federated Hermes Inc. cut its holdings in shares of DXC Technology Company. (NYSE:DXC) by 26.5% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 519,145 shares of the company’s stock after selling 187,194 shares during the period. Federated Hermes Inc. owned approximately 0.29% of DXC Technology worth $7,076,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. EverSource Wealth Advisors LLC boosted its position in DXC Technology by 240.6% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,737 shares of the company’s stock worth $27,000 after acquiring an additional 1,227 shares during the period. Headlands Technologies LLC bought a new stake in shares of DXC Technology during the second quarter valued at about $39,000. Signaturefd LLC lifted its holdings in DXC Technology by 187.3% in the second quarter. Signaturefd LLC now owns 3,054 shares of the company’s stock worth $47,000 after purchasing an additional 1,991 shares during the period. Allworth Financial LP grew its position in DXC Technology by 68.9% in the 2nd quarter. Allworth Financial LP now owns 3,330 shares of the company’s stock valued at $51,000 after buying an additional 1,359 shares in the last quarter. Finally, Newbridge Financial Services Group Inc. increased its stake in DXC Technology by 143.3% during the 2nd quarter. Newbridge Financial Services Group Inc. now owns 4,075 shares of the company’s stock valued at $62,000 after buying an additional 2,400 shares during the period. 96.20% of the stock is owned by institutional investors.

DXC Technology Price Performance

Shares of NYSE:DXC opened at $15.29 on Tuesday. The company has a market capitalization of $2.66 billion, a PE ratio of 6.56 and a beta of 1.07. The company has a debt-to-equity ratio of 0.91, a quick ratio of 1.09 and a current ratio of 1.35. The stock has a fifty day moving average of $14.65 and a 200-day moving average of $14.01. DXC Technology Company. has a one year low of $11.82 and a one year high of $23.75.

DXC Technology (NYSE:DXC) last announced its earnings results on Thursday, January 29th. The company reported $0.96 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.83 by $0.13. DXC Technology had a return on equity of 17.56% and a net margin of 3.34%.The company had revenue of $3.19 billion for the quarter, compared to analyst estimates of $3.18 billion. During the same period in the previous year, the firm earned $0.92 earnings per share. DXC Technology’s revenue for the quarter was down 1.0% compared to the same quarter last year. As a group, equities analysts anticipate that DXC Technology Company. will post 3.35 EPS for the current fiscal year.

Insider Buying and Selling at DXC Technology

In other news, SVP Christopher Anthony Voci sold 2,500 shares of the business’s stock in a transaction that occurred on Thursday, December 11th. The shares were sold at an average price of $15.15, for a total transaction of $37,875.00. Following the sale, the senior vice president owned 88,605 shares in the company, valued at $1,342,365.75. The trade was a 2.74% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.61% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the stock. Wolfe Research set a $13.00 price objective on shares of DXC Technology and gave the company an “underperform” rating in a report on Friday. Weiss Ratings reiterated a “sell (d)” rating on shares of DXC Technology in a research report on Wednesday, October 8th. Wall Street Zen downgraded DXC Technology from a “buy” rating to a “hold” rating in a research note on Saturday. Susquehanna set a $14.00 target price on DXC Technology and gave the company a “neutral” rating in a research note on Friday, October 31st. Finally, Stifel Nicolaus lowered their target price on DXC Technology from $15.00 to $14.00 and set a “hold” rating on the stock in a report on Friday, October 31st. Six investment analysts have rated the stock with a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat, DXC Technology presently has a consensus rating of “Reduce” and an average price target of $14.71.

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.