PNC Financial Services Group Inc. Sells 6,179 Shares of DXC Technology Company. (NYSE:DXC)

PNC Financial Services Group Inc. decreased its position in shares of DXC Technology Company. (NYSE:DXC) by 20.1% during the first quarter, HoldingsChannel reports. The fund owned 24,539 shares of the company’s stock after selling 6,179 shares during the quarter. PNC Financial Services Group Inc.’s holdings in DXC Technology were worth $418,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of the company. Dimensional Fund Advisors LP increased its position in DXC Technology by 3.8% during the fourth quarter. Dimensional Fund Advisors LP now owns 10,436,557 shares of the company’s stock valued at $208,524,000 after acquiring an additional 378,338 shares during the last quarter. LSV Asset Management grew its holdings in shares of DXC Technology by 22.7% in the first quarter. LSV Asset Management now owns 4,151,398 shares of the company’s stock worth $70,781,000 after purchasing an additional 769,026 shares during the last quarter. AQR Capital Management LLC grew its holdings in shares of DXC Technology by 43.8% in the fourth quarter. AQR Capital Management LLC now owns 1,943,649 shares of the company’s stock worth $38,834,000 after purchasing an additional 591,841 shares during the last quarter. Northern Trust Corp grew its holdings in shares of DXC Technology by 14.6% in the fourth quarter. Northern Trust Corp now owns 1,607,631 shares of the company’s stock worth $32,120,000 after purchasing an additional 204,697 shares during the last quarter. Finally, First Trust Advisors LP grew its holdings in shares of DXC Technology by 12.6% in the fourth quarter. First Trust Advisors LP now owns 1,340,744 shares of the company’s stock worth $26,788,000 after purchasing an additional 150,040 shares during the last quarter. Institutional investors own 96.20% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on DXC shares. Morgan Stanley cut their price target on shares of DXC Technology from $16.00 to $15.00 and set an “equal weight” rating on the stock in a report on Friday, August 1st. JPMorgan Chase & Co. cut their price target on shares of DXC Technology from $22.00 to $18.00 and set an “underweight” rating on the stock in a report on Wednesday, May 21st. Wall Street Zen upgraded shares of DXC Technology from a “hold” rating to a “buy” rating in a report on Sunday, July 20th. Royal Bank Of Canada lowered their price objective on shares of DXC Technology from $18.00 to $16.00 and set a “sector perform” rating for the company in a research note on Friday, August 1st. Finally, BMO Capital Markets lowered their price objective on shares of DXC Technology from $26.00 to $17.00 and set a “market perform” rating for the company in a research note on Thursday, May 15th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat.com, DXC Technology has an average rating of “Hold” and a consensus price target of $16.40.

DXC Technology Stock Down 0.8%

NYSE:DXC opened at $13.79 on Friday. DXC Technology Company. has a 1-year low of $12.24 and a 1-year high of $24.83. The company has a 50-day moving average of $14.69 and a 200 day moving average of $16.28. The firm has a market cap of $2.47 billion, a PE ratio of 6.69 and a beta of 1.18. 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 released its quarterly earnings results on Thursday, July 31st. The company reported $0.68 EPS for the quarter, beating the consensus estimate of $0.64 by $0.04. The business had revenue of $3.16 billion during the quarter, compared to analyst estimates of $3.06 billion. DXC Technology had a net margin of 2.96% and a return on equity of 18.59%. The company’s quarterly revenue was down 2.4% on a year-over-year basis. During the same period in the prior year, the firm posted $0.74 earnings per share. As a group, research analysts anticipate that DXC Technology Company. will post 3.35 EPS for the current fiscal 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).