Raiffeisen Bank International AG Has $696,000 Position in DXC Technology Company. $DXC

Raiffeisen Bank International AG lifted its stake in DXC Technology Company. (NYSE:DXC) by 35.1% in the 2nd quarter, Holdings Channel reports. The institutional investor owned 45,779 shares of the company’s stock after acquiring an additional 11,887 shares during the period. Raiffeisen Bank International AG’s holdings in DXC Technology were worth $696,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Universal Beteiligungs und Servicegesellschaft mbH lifted its position in shares of DXC Technology by 8.2% in the 2nd quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 282,304 shares of the company’s stock worth $4,316,000 after acquiring an additional 21,357 shares during the period. Creative Planning lifted its position in DXC Technology by 83.9% in the second quarter. Creative Planning now owns 21,863 shares of the company’s stock worth $334,000 after purchasing an additional 9,972 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its stake in DXC Technology by 7.4% during the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 46,538 shares of the company’s stock worth $712,000 after buying an additional 3,212 shares in the last quarter. Police & Firemen s Retirement System of New Jersey increased its holdings in DXC Technology by 5.1% in the 2nd quarter. Police & Firemen s Retirement System of New Jersey now owns 67,519 shares of the company’s stock valued at $1,032,000 after buying an additional 3,259 shares during the period. Finally, Mitsubishi UFJ Trust & Banking Corp raised its stake in shares of DXC Technology by 30.5% in the 2nd quarter. Mitsubishi UFJ Trust & Banking Corp now owns 703,618 shares of the company’s stock valued at $10,758,000 after buying an additional 164,462 shares in the last quarter. 96.20% of the stock is currently owned by institutional investors.

Insider Transactions at DXC Technology

In other DXC Technology news, SVP Christopher Anthony Voci sold 2,500 shares of the stock in a transaction dated Thursday, September 11th. The shares were sold at an average price of $14.52, for a total transaction of $36,300.00. Following the sale, the senior vice president owned 91,105 shares of the company’s stock, valued at $1,322,844.60. This represents a 2.67% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.61% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. Wall Street Zen raised shares of DXC Technology from a “hold” rating to a “buy” rating in a research note on Sunday, November 9th. Weiss Ratings reiterated a “sell (d)” rating on shares of DXC Technology in a research note on Wednesday, October 8th. Royal Bank Of Canada dropped their target price on DXC Technology from $18.00 to $16.00 and set a “sector perform” rating for the company in a report on Friday, August 1st. Morgan Stanley decreased their price target on DXC Technology from $16.00 to $15.00 and set an “equal weight” rating on the stock in a research note on Friday, August 1st. Finally, Susquehanna set a $14.00 price objective on DXC Technology and gave the stock a “neutral” rating in a research note on Friday, October 31st. Six analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, DXC Technology has an average rating of “Reduce” and a consensus price target of $15.00.

DXC Technology Stock Down 1.6%

Shares of DXC opened at $12.27 on Wednesday. The company has a market capitalization of $2.14 billion, a P/E ratio of 5.95 and a beta of 1.15. DXC Technology Company. has a one year low of $12.15 and a one year high of $23.75. The business’s 50 day simple moving average is $13.51 and its 200-day simple moving average is $14.35. The company has a debt-to-equity ratio of 0.90, a current ratio of 1.22 and a quick ratio of 1.22.

DXC Technology (NYSE:DXC) last issued its quarterly earnings data on Friday, October 31st. The company reported $0.84 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.71 by $0.13. The firm had revenue of $3.16 billion during the quarter, compared to the consensus estimate of $3.17 billion. DXC Technology had a return on equity of 18.59% and a net margin of 2.96%.The business’s revenue for the quarter was down 2.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.93 EPS. As a group, sell-side analysts predict that DXC Technology Company. will post 3.35 EPS for the current fiscal year.

DXC Technology Profile

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).