DXC Technology (NYSE:DXC) Stock Position Lessened by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans trimmed its holdings in shares of DXC Technology (NYSE:DXC) by 4.4% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 141,991 shares of the company’s stock after selling 6,533 shares during the period. Thrivent Financial for Lutherans’ holdings in DXC Technology were worth $2,946,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of DXC. William B. Walkup & Associates Inc. acquired a new position in shares of DXC Technology during the 2nd quarter valued at $26,000. Mather Group LLC. boosted its stake 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 buying an additional 581 shares in the last quarter. Family Firm Inc. bought a new position in DXC Technology during the second quarter valued at about $37,000. Fifth Third Bancorp grew its holdings in DXC Technology by 40.1% during the second quarter. Fifth Third Bancorp now owns 1,954 shares of the company’s stock worth $37,000 after acquiring an additional 559 shares during the period. Finally, Matrix Trust Co bought a new stake in DXC Technology in the third quarter worth about $43,000. Institutional investors and hedge funds own 96.20% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the stock. Royal Bank of Canada raised their price objective on shares of DXC Technology from $18.00 to $20.00 and gave the company a “sector perform” rating in a research report on Friday, August 9th. JPMorgan Chase & Co. raised their target price 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. Susquehanna upped their price target on DXC Technology from $19.00 to $23.00 and gave the company a “neutral” rating in a report on Friday, November 8th. Finally, BMO Capital Markets raised their price objective on DXC Technology from $22.00 to $25.00 and gave the stock a “market perform” rating in a research note on Monday, November 11th. Two investment analysts have rated the stock with a sell rating and seven have given a hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $20.89.

DXC Technology Trading Down 0.3 %

Shares of NYSE:DXC opened at $22.53 on Wednesday. The firm has a fifty day moving average of $20.84 and a two-hundred day moving average of $19.55. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 1.18. DXC Technology has a 12-month low of $14.78 and a 12-month high of $25.14. The firm has a market capitalization of $4.08 billion, a P/E ratio of 281.63, a price-to-earnings-growth ratio of 1.44 and a beta of 1.67.

DXC Technology (NYSE:DXC) last released its quarterly earnings data on Thursday, November 7th. The company reported $0.93 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.72 by $0.21. DXC Technology had a net margin of 0.18% and a return on equity of 20.42%. The business had revenue of $3.24 billion during the quarter, compared to analyst estimates of $3.21 billion. During the same quarter in the previous year, the business earned $0.70 EPS. On average, equities analysts expect that DXC Technology will post 3.18 EPS for the current fiscal year.

Insider Activity

In other DXC Technology news, SVP Christopher Anthony Voci sold 2,500 shares of the business’s stock in a transaction on Friday, September 13th. The shares were 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 $1,789,652.02. The trade was a 2.90 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.54% of the stock is currently owned by insiders.

DXC Technology 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).