US Bancorp DE Acquires 1,977 Shares of DXC Technology (NYSE:DXC)

US Bancorp DE raised its holdings in DXC Technology (NYSE:DXC) by 17.3% in the fourth quarter, HoldingsChannel.com reports. The firm owned 13,406 shares of the company’s stock after purchasing an additional 1,977 shares during the quarter. US Bancorp DE’s holdings in DXC Technology were worth $268,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of DXC. Highland Capital Management LLC raised its position in shares of DXC Technology by 6.6% in the 4th quarter. Highland Capital Management LLC now owns 11,850 shares of the company’s stock valued at $237,000 after buying an additional 731 shares in the last quarter. Newbridge Financial Services Group Inc. boosted its stake in DXC Technology by 116.1% during the fourth quarter. Newbridge Financial Services Group Inc. now owns 1,675 shares of the company’s stock worth $33,000 after acquiring an additional 900 shares in the last quarter. CIBC Asset Management Inc boosted its stake in DXC Technology by 5.6% during the fourth quarter. CIBC Asset Management Inc now owns 17,976 shares of the company’s stock worth $359,000 after acquiring an additional 950 shares in the last quarter. Brown Lisle Cummings Inc. boosted its stake in DXC Technology by 60.0% during the fourth quarter. Brown Lisle Cummings Inc. now owns 3,200 shares of the company’s stock worth $64,000 after acquiring an additional 1,200 shares in the last quarter. Finally, Franklin Resources Inc. raised its holdings in DXC Technology by 2.4% during the third quarter. Franklin Resources Inc. now owns 63,230 shares of the company’s stock worth $1,272,000 after buying an additional 1,502 shares during the last quarter. Institutional investors own 96.20% of the company’s stock.

Analysts Set New Price Targets

Separately, Morgan Stanley increased their target price on shares of DXC Technology from $20.00 to $22.00 and gave the company an “equal weight” rating in a report on Friday, January 31st. One equities research analyst has rated the stock with a sell rating and seven have given a hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $21.38.

DXC Technology Stock Performance

NYSE DXC opened at $17.26 on Friday. The company has a debt-to-equity ratio of 1.12, a quick ratio of 1.34 and a current ratio of 1.34. The company has a market capitalization of $3.12 billion, a PE ratio of -41.08, a price-to-earnings-growth ratio of 1.16 and a beta of 1.62. DXC Technology has a 52-week low of $14.79 and a 52-week high of $24.83. The company has a 50-day simple moving average of $20.01 and a 200 day simple moving average of $20.65.

DXC Technology (NYSE:DXC) last released its quarterly earnings data on Tuesday, February 4th. The company reported $0.92 EPS for the quarter, beating analysts’ consensus estimates of $0.69 by $0.23. DXC Technology had a negative net margin of 0.57% and a positive return on equity of 20.70%. On average, research analysts predict that DXC Technology will post 3.35 EPS for the current year.

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).