Mitsubishi UFJ Trust & Banking Corp Cuts Holdings in DXC Technology Company. $DXC

Mitsubishi UFJ Trust & Banking Corp reduced its holdings in DXC Technology Company. (NYSE:DXC) by 34.2% in the 2nd quarter, Holdings Channel reports. The institutional investor owned 391,605 shares of the company’s stock after selling 203,582 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp’s holdings in DXC Technology were worth $3,466,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently modified their holdings of DXC. EverSource Wealth Advisors LLC grew its holdings in DXC Technology by 240.6% during the second 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. Danske Bank A S lifted its holdings in DXC Technology by 280.0% in the fourth quarter. Danske Bank A S now owns 1,900 shares of the company’s stock valued at $28,000 after acquiring an additional 1,400 shares during the period. Fifth Third Bancorp lifted its holdings in DXC Technology by 116.0% in the fourth quarter. Fifth Third Bancorp now owns 2,102 shares of the company’s stock valued at $31,000 after acquiring an additional 1,129 shares during the period. Hantz Financial Services Inc. boosted its position in shares of DXC Technology by 110.5% during the 4th quarter. Hantz Financial Services Inc. now owns 2,185 shares of the company’s stock worth $32,000 after purchasing an additional 1,147 shares in the last quarter. Finally, CIBC Private Wealth Group LLC boosted its position in shares of DXC Technology by 13,258.8% during the 4th quarter. CIBC Private Wealth Group LLC now owns 2,271 shares of the company’s stock worth $33,000 after purchasing an additional 2,254 shares in the last quarter. 96.20% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

DXC has been the subject of a number of research analyst reports. Stifel Nicolaus cut their price target on shares of DXC Technology from $12.00 to $10.50 and set a “hold” rating for the company in a report on Friday, July 31st. Morgan Stanley set a $12.00 price objective on shares of DXC Technology in a report on Monday, August 3rd. Zacks Research upgraded shares of DXC Technology from a “strong sell” rating to a “hold” rating in a research report on Monday, July 13th. Royal Bank Of Canada dropped their target price on shares of DXC Technology from $16.00 to $14.00 and set a “sector perform” rating for the company in a report on Friday, July 31st. Finally, BMO Capital Markets decreased their price target on DXC Technology from $17.00 to $10.00 and set a “market perform” rating on the stock in a research note on Monday, May 11th. Seven research analysts have rated the stock with a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat, DXC Technology has a consensus rating of “Reduce” and an average price target of $12.44.

DXC Technology Trading Down 3.6%

Shares of DXC stock opened at $10.79 on Friday. DXC Technology Company. has a fifty-two week low of $7.90 and a fifty-two week high of $15.68. The stock has a market cap of $1.72 billion, a P/E ratio of 15.42 and a beta of 0.79. The business has a fifty day simple moving average of $9.72 and a 200-day simple moving average of $11.17. The company has a quick ratio of 1.41, a current ratio of 1.41 and a debt-to-equity ratio of 0.90.

DXC Technology (NYSE:DXC) last released its quarterly earnings results on Thursday, July 30th. The company reported $0.40 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.41 by ($0.01). DXC Technology had a return on equity of 15.60% and a net margin of 0.99%.The firm had revenue of $3 billion for the quarter, compared to analyst estimates of $2.99 billion. During the same period last year, the firm earned $0.68 EPS. The company’s quarterly revenue was down 5.0% compared to the same quarter last year. DXC Technology has set its Q2 2027 guidance at 0.550-0.550 EPS. On average, analysts forecast that DXC Technology Company. will post 2.61 earnings per share for the current fiscal year.

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.