Mirae Asset Global Investments Co. Ltd. Has $2.12 Million Stock Holdings in DXC Technology (NYSE:DXC)

Mirae Asset Global Investments Co. Ltd. lessened its holdings in DXC Technology (NYSE:DXC) by 9.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 92,543 shares of the company’s stock after selling 9,423 shares during the period. Mirae Asset Global Investments Co. Ltd.’s holdings in DXC Technology were worth $2,116,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the business. Orion Portfolio Solutions LLC boosted its position in shares of DXC Technology by 5.8% in the second quarter. Orion Portfolio Solutions LLC now owns 9,199 shares of the company’s stock worth $246,000 after buying an additional 507 shares during the period. Toroso Investments LLC boosted its position in shares of DXC Technology by 7.7% in the first quarter. Toroso Investments LLC now owns 7,683 shares of the company’s stock worth $251,000 after buying an additional 546 shares during the period. Sei Investments Co. boosted its position in shares of DXC Technology by 2.1% in the first quarter. Sei Investments Co. now owns 37,018 shares of the company’s stock worth $1,058,000 after buying an additional 759 shares during the period. Studio Investment Management LLC boosted its position in DXC Technology by 4.8% during the fourth quarter. Studio Investment Management LLC now owns 17,002 shares of the company’s stock valued at $451,000 after purchasing an additional 773 shares during the last quarter. Finally, CIBC Asset Management Inc boosted its position in DXC Technology by 2.4% during the first quarter. CIBC Asset Management Inc now owns 33,604 shares of the company’s stock valued at $859,000 after purchasing an additional 774 shares during the last quarter. Institutional investors and hedge funds own 96.20% of the company’s stock.

DXC Technology Price Performance

Shares of NYSE:DXC opened at $20.14 on Friday. DXC Technology has a fifty-two week low of $18.61 and a fifty-two week high of $28.89. The business has a 50-day moving average of $20.98 and a two-hundred day moving average of $21.92. The stock has a market capitalization of $3.68 billion, a P/E ratio of -10.54, a P/E/G ratio of 1.77 and a beta of 1.85. The company has a debt-to-equity ratio of 1.15, a current ratio of 1.11 and a quick ratio of 1.11.

DXC Technology (NYSE:DXC) last announced its quarterly earnings results on Thursday, February 1st. The company reported $0.87 earnings per share for the quarter, topping analysts’ consensus estimates of $0.77 by $0.10. The company had revenue of $3.40 billion during the quarter, compared to analysts’ expectations of $3.36 billion. DXC Technology had a positive return on equity of 19.00% and a negative net margin of 3.35%. The business’s quarterly revenue was down 4.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.95 earnings per share. On average, equities research analysts predict that DXC Technology will post 3.03 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the company. Royal Bank of Canada reissued a “sector perform” rating and set a $24.00 price objective on shares of DXC Technology in a research report on Friday, February 2nd. Guggenheim assumed coverage on DXC Technology in a research report on Tuesday, March 19th. They set a “neutral” rating and a $22.00 price objective for the company. JPMorgan Chase & Co. cut DXC Technology from a “neutral” rating to an “underweight” rating and reduced their price objective for the company from $27.00 to $24.00 in a research report on Wednesday, January 24th. Finally, Citigroup cut DXC Technology from a “neutral” rating to a “sell” rating and reduced their price objective for the company from $24.00 to $21.00 in a research report on Wednesday, January 17th. Three investment analysts have rated the stock with a sell rating and six have issued a hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $23.20.

Insider Transactions at DXC Technology

In other news, EVP William L. Deckelman, Jr. sold 18,102 shares of DXC Technology stock in a transaction dated Thursday, February 29th. The stock was sold at an average price of $21.73, for a total value of $393,356.46. Following the transaction, the executive vice president now directly owns 124,806 shares in the company, valued at $2,712,034.38. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 0.87% of the stock is currently owned by corporate insiders.

About DXC Technology

DXC Technology Company, together with its subsidiaries, provides information technology services and solutions primarily 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).