Fifth Third Bancorp Has $1.20 Million Stock Holdings in DXC Technology Company. $DXC

Fifth Third Bancorp grew its holdings in shares of DXC Technology Company. (NYSE:DXC) by 4,433.1% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 95,286 shares of the company’s stock after acquiring an additional 93,184 shares during the period. Fifth Third Bancorp’s holdings in DXC Technology were worth $1,198,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of DXC. EverSource Wealth Advisors LLC boosted its holdings in DXC Technology by 240.6% in the second quarter. EverSource Wealth Advisors LLC now owns 1,737 shares of the company’s stock valued at $27,000 after acquiring an additional 1,227 shares during the last quarter. Danske Bank A S raised its stake in DXC Technology by 280.0% during the fourth quarter. Danske Bank A S now owns 1,900 shares of the company’s stock worth $28,000 after buying an additional 1,400 shares during the last quarter. Hantz Financial Services Inc. lifted its holdings in DXC Technology by 110.5% in the fourth quarter. Hantz Financial Services Inc. now owns 2,185 shares of the company’s stock valued at $32,000 after buying an additional 1,147 shares during the period. CIBC Private Wealth Group LLC boosted its position in DXC Technology by 13,258.8% during the fourth quarter. CIBC Private Wealth Group LLC now owns 2,271 shares of the company’s stock valued at $33,000 after acquiring an additional 2,254 shares during the last quarter. Finally, Headlands Technologies LLC acquired a new stake in DXC Technology during the 2nd quarter worth about $39,000. Institutional investors and hedge funds own 96.20% of the company’s stock.

Insiders Place Their Bets

In related news, CEO Raul J. Fernandez purchased 28,051 shares of DXC Technology stock in a transaction dated Monday, May 11th. The stock was bought at an average cost of $8.90 per share, for a total transaction of $249,653.90. Following the completion of the transaction, the chief executive officer owned 844,052 shares in the company, valued at $7,512,062.80. This trade represents a 3.44% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 1.13% of the company’s stock.

DXC Technology Trading Up 8.9%

NYSE DXC opened at $10.10 on Friday. The stock has a market capitalization of $1.65 billion, a price-to-earnings ratio of 168.28 and a beta of 0.82. The business’s fifty day moving average is $9.24 and its 200-day moving average is $11.57. The company has a debt-to-equity ratio of 0.94, a current ratio of 1.36 and a quick ratio of 1.36. DXC Technology Company. has a one year low of $7.90 and a one year high of $15.68.

DXC Technology (NYSE:DXC) last issued its quarterly earnings results on Friday, May 8th. The company reported $0.77 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.70 by $0.07. The company had revenue of $3.13 billion during the quarter, compared to analyst estimates of $3.17 billion. DXC Technology had a net margin of 0.14% and a return on equity of 17.24%. DXC Technology’s quarterly revenue was down 1.2% compared to the same quarter last year. During the same quarter last year, the business posted $0.84 EPS. Equities research analysts predict that DXC Technology Company. will post 2.61 EPS for the current year.

Analysts Set New Price Targets

Several brokerages recently commented on DXC. Stifel Nicolaus set a $12.00 target price on DXC Technology in a research report on Friday, May 8th. TD Cowen cut their target price on shares of DXC Technology from $11.00 to $10.00 and set a “hold” rating on the stock in a research note on Thursday, July 9th. Weiss Ratings downgraded shares of DXC Technology from a “sell (d+)” rating to a “sell (d)” rating in a research note on Monday, May 11th. Zacks Research upgraded shares of DXC Technology from a “strong sell” rating to a “hold” rating in a report on Monday, July 13th. Finally, BMO Capital Markets reduced their target price on DXC Technology from $17.00 to $10.00 and set a “market perform” rating for the company in a research note on Monday, May 11th. Seven analysts have rated the stock with a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Reduce” and a consensus price target of $12.25.

DXC Technology 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.