Deutsche Bank AG trimmed its holdings in shares of DXC Technology (NYSE:DXC) by 42.8% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 809,543 shares of the company’s stock after selling 606,865 shares during the period. Deutsche Bank AG owned approximately 0.28% of DXC Technology worth $76,819,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other large investors have also bought and sold shares of the stock. ETRADE Capital Management LLC raised its position in DXC Technology by 11.8% during the third quarter. ETRADE Capital Management LLC now owns 5,061 shares of the company’s stock valued at $435,000 after buying an additional 535 shares during the period. First Mercantile Trust Co. raised its position in DXC Technology by 17.2% during the fourth quarter. First Mercantile Trust Co. now owns 4,472 shares of the company’s stock valued at $424,000 after buying an additional 656 shares during the period. CIBC Asset Management Inc raised its position in DXC Technology by 2.3% during the fourth quarter. CIBC Asset Management Inc now owns 29,706 shares of the company’s stock valued at $2,819,000 after buying an additional 670 shares during the period. Fagan Associates Inc. raised its position in DXC Technology by 13.5% during the third quarter. Fagan Associates Inc. now owns 6,229 shares of the company’s stock valued at $535,000 after buying an additional 739 shares during the period. Finally, Hartford Investment Management Co. raised its position in DXC Technology by 1.2% during the third quarter. Hartford Investment Management Co. now owns 66,018 shares of the company’s stock valued at $5,670,000 after buying an additional 781 shares during the period. 84.84% of the stock is currently owned by hedge funds and other institutional investors.
DXC Technology (NYSE DXC) opened at $106.08 on Tuesday. The company has a debt-to-equity ratio of 0.48, a current ratio of 0.99 and a quick ratio of 0.99. DXC Technology has a 52-week low of $67.76 and a 52-week high of $107.25. The firm has a market capitalization of $30,488.61, a PE ratio of 34.67, a price-to-earnings-growth ratio of 1.30 and a beta of 0.90.
Several research firms recently weighed in on DXC. ValuEngine raised DXC Technology from a “buy” rating to a “strong-buy” rating in a research report on Saturday. BMO Capital Markets reissued a “buy” rating on shares of DXC Technology in a research report on Friday, February 23rd. Zacks Investment Research raised DXC Technology from a “hold” rating to a “buy” rating and set a $109.00 price target on the stock in a research report on Tuesday, February 13th. Deutsche Bank upped their price target on DXC Technology from $90.00 to $100.00 and gave the company a “hold” rating in a research report on Friday, February 9th. Finally, Morgan Stanley upped their target price on DXC Technology from $104.00 to $114.00 and gave the stock an “overweight” rating in a research report on Monday, February 5th. Four analysts have rated the stock with a hold rating, thirteen have issued a buy rating and two have issued a strong buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $103.33.
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DXC Technology Profile
DXC Technology Company, together with its subsidiaries, provides information technology services and solutions primarily in North America, Europe, Asia, and Australia. It operates through two segments, Global Business Services (GBS) and Global Infrastructure Services (GIS). The GBS segment offers technology solutions comprising consulting, applications services, and software.
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