DXC Technology (NYSE:DXC) Shares Acquired by M&T Bank Corp

M&T Bank Corp raised its position in shares of DXC Technology (NYSE:DXC) by 29.3% during the 3rd quarter, Holdings Channel reports. The firm owned 14,602 shares of the company’s stock after buying an additional 3,309 shares during the quarter. M&T Bank Corp’s holdings in DXC Technology were worth $303,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently bought and sold shares of DXC. Fifth Third Bancorp grew its position in DXC Technology by 40.1% during the 2nd quarter. Fifth Third Bancorp now owns 1,954 shares of the company’s stock worth $37,000 after purchasing an additional 559 shares during the period. United Services Automobile Association raised its stake in shares of DXC Technology by 5.0% during the 2nd quarter. United Services Automobile Association now owns 14,333 shares of the company’s stock worth $274,000 after buying an additional 679 shares during the period. SummerHaven Investment Management LLC lifted its position in shares of DXC Technology by 3.9% during the 2nd quarter. SummerHaven Investment Management LLC now owns 26,573 shares of the company’s stock valued at $507,000 after buying an additional 995 shares in the last quarter. GAMMA Investing LLC lifted its holdings in DXC Technology by 48.7% during the third quarter. GAMMA Investing LLC now owns 3,425 shares of the company’s stock valued at $71,000 after purchasing an additional 1,122 shares in the last quarter. Finally, William B. Walkup & Associates Inc. purchased a new position in DXC Technology in the 2nd quarter valued at about $26,000. Institutional investors and hedge funds own 96.20% of the company’s stock.

DXC Technology Trading Down 2.2 %

NYSE DXC opened at $20.83 on Thursday. DXC Technology has a one year low of $14.78 and a one year high of $25.09. The firm has a 50 day simple moving average of $21.30 and a 200-day simple moving average of $20.13. The firm has a market cap of $3.77 billion, a price-to-earnings ratio of 260.41, a PEG ratio of 1.40 and a beta of 1.65. The company has a debt-to-equity ratio of 1.18, a quick ratio of 1.25 and a current ratio of 1.25.

DXC Technology (NYSE:DXC) last issued its quarterly earnings results on Thursday, November 7th. The company reported $0.93 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 company had revenue of $3.24 billion during the quarter, compared to analysts’ expectations of $3.21 billion. During the same quarter last year, the company posted $0.70 EPS. Equities research analysts anticipate that DXC Technology will post 3.18 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the company. Susquehanna raised their price objective on DXC Technology from $19.00 to $23.00 and gave the company a “neutral” rating in a report on Friday, November 8th. JPMorgan Chase & Co. upped their price objective on DXC Technology from $19.00 to $22.00 and gave the company an “underweight” rating in a report on Friday, September 6th. 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 report on Monday, November 11th. Two analysts have rated the stock with a sell rating and seven have given a hold rating to the stock. According to data from MarketBeat, DXC Technology has an average rating of “Hold” and a consensus price target of $20.89.

About DXC Technology

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).