Bank of New York Mellon Corp Buys 229,130 Shares of DXC Technology (DXC)

Bank of New York Mellon Corp lifted its holdings in shares of DXC Technology (NYSE:DXC) by 8.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,958,138 shares of the company’s stock after purchasing an additional 229,130 shares during the quarter. Bank of New York Mellon Corp owned approximately 1.04% of DXC Technology worth $280,727,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of DXC. Harbor Island Capital LLC bought a new position in shares of DXC Technology during the 4th quarter worth about $1,746,000. Rhumbline Advisers lifted its holdings in DXC Technology by 0.7% during the 4th quarter. Rhumbline Advisers now owns 523,245 shares of the company’s stock valued at $49,656,000 after purchasing an additional 3,511 shares during the last quarter. Arizona State Retirement System lifted its holdings in DXC Technology by 2.4% during the 4th quarter. Arizona State Retirement System now owns 72,277 shares of the company’s stock valued at $6,859,000 after purchasing an additional 1,670 shares during the last quarter. Eagle Asset Management Inc. acquired a new stake in DXC Technology in the 4th quarter valued at about $39,107,000. Finally, Fagan Associates Inc. increased its position in DXC Technology by 403.3% in the 4th quarter. Fagan Associates Inc. now owns 31,352 shares of the company’s stock valued at $2,975,000 after acquiring an additional 25,123 shares in the last quarter. Institutional investors and hedge funds own 84.84% of the company’s stock.

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Several equities research analysts have recently commented on the stock. ValuEngine upgraded shares of DXC Technology from a “buy” rating to a “strong-buy” rating in a research report on Saturday. BMO Capital Markets reaffirmed a “buy” rating on shares of DXC Technology in a research note on Friday, February 23rd. Zacks Investment Research lowered shares of DXC Technology from a “buy” rating to a “hold” rating in a research report on Friday, February 2nd. Citigroup reaffirmed a “buy” rating and set a $117.00 price target (up from $107.00) on shares of DXC Technology in a research report on Thursday, January 18th. Finally, KeyCorp upped their price objective on shares of DXC Technology from $107.00 to $116.00 and gave the company an “overweight” rating in a report on Tuesday, January 9th. Four analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and two have given a strong buy rating to the company’s stock. DXC Technology presently has an average rating of “Buy” and a consensus price target of $103.33.

Shares of DXC Technology (NYSE DXC) traded down $1.70 during mid-day trading on Wednesday, hitting $104.34. 1,553,184 shares of the stock traded hands, compared to its average volume of 1,850,000. DXC Technology has a one year low of $64.06 and a one year high of $107.60. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 0.48. The firm has a market cap of $30,290.00 and a P/E ratio of 34.35.

DXC Technology (NYSE:DXC) last posted its quarterly earnings results on Thursday, February 8th. The company reported $2.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.99 by $0.16. DXC Technology had a net margin of 5.18% and a return on equity of 17.97%. The business had revenue of $6.19 billion during the quarter, compared to the consensus estimate of $6.19 billion. The business’s revenue was up 222.7% on a year-over-year basis. equities analysts expect that DXC Technology will post 7.86 EPS for the current year.

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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.

Institutional Ownership by Quarter for DXC Technology (NYSE:DXC)

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