First Horizon Advisors Inc. boosted its holdings in DXC Technology (NYSE:DXC – Get Rating) by 368.3% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,126 shares of the company's stock after buying an additional 3,245 shares during the period. First Horizon Advisors Inc.'s holdings in DXC Technology were worth $125,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also bought and sold shares of the business. EverSource Wealth Advisors LLC grew its stake in DXC Technology by 66.4% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,403 shares of the company's stock valued at $42,000 after buying an additional 560 shares in the last quarter. US Bancorp DE boosted its holdings in DXC Technology by 3.3% in the 2nd quarter. US Bancorp DE now owns 21,528 shares of the company's stock valued at $652,000 after purchasing an additional 693 shares during the period. New York State Teachers Retirement System boosted its holdings in DXC Technology by 5.0% in the 2nd quarter. New York State Teachers Retirement System now owns 316,848 shares of the company's stock valued at $9,604,000 after purchasing an additional 15,223 shares during the period. Chartwell Investment Partners LLC boosted its holdings in DXC Technology by 1.7% in the 2nd quarter. Chartwell Investment Partners LLC now owns 310,040 shares of the company's stock valued at $9,397,000 after purchasing an additional 5,175 shares during the period. Finally, Investment Management Associates Inc. ADV boosted its holdings in DXC Technology by 12.0% in the 2nd quarter. Investment Management Associates Inc. ADV now owns 613,076 shares of the company's stock valued at $19,373,000 after purchasing an additional 65,882 shares during the period. 87.01% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have commented on DXC. Cowen cut their price target on shares of DXC Technology from $41.00 to $37.00 and set an "outperform" rating for the company in a report on Monday, August 15th. Susquehanna downgraded shares of DXC Technology from a "positive" rating to a "neutral" rating and cut their price target for the company from $39.00 to $31.00 in a report on Friday, September 16th. Susquehanna Bancshares downgraded shares of DXC Technology to a "neutral" rating and cut their price target for the company from $39.00 to $31.00 in a report on Friday, September 16th. Royal Bank of Canada cut their price target on shares of DXC Technology from $39.00 to $34.00 and set an "outperform" rating for the company in a report on Thursday, August 4th. Finally, BMO Capital Markets dropped their price objective on shares of DXC Technology from $37.00 to $36.00 and set an "outperform" rating for the company in a report on Thursday, August 4th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, DXC Technology has a consensus rating of "Hold" and an average price target of $34.82.

DXC Technology Price Performance

DXC Technology (NYSE:DXC – Get Rating) last issued its earnings results on Wednesday, August 3rd. The company reported $0.75 EPS for the quarter, missing analysts' consensus estimates of $0.82 by ($0.07). The business had revenue of $3.71 billion during the quarter, compared to analysts' expectations of $3.71 billion. DXC Technology had a return on equity of 16.61% and a net margin of 3.42%. Research analysts anticipate that DXC Technology will post 3.53 earnings per share for the current year.

DXC Technology Company Profile

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DXC Technology Company, together with its subsidiaries, provides information technology services and solutions primarily in North America, Europe, Asia, and Australia. It operates in two segments, Global Business Services (GBS) and Global Infrastructure Services (GIS). The GBS segment offers a portfolio of analytics services and extensive partner ecosystem that help its customers to gain rapid insights, automate operations, and accelerate their digital transformation journeys; and software engineering, consulting, and data analytics solutions that enable businesses to run and manage their mission-critical functions, transform their operations, and develop new ways of doing business.

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