LS Investment Advisors LLC grew its stake in shares of DXC Technology Co (NYSE:DXC) by 45.5% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 14,484 shares of the company’s stock after acquiring an additional 4,532 shares during the period. LS Investment Advisors LLC’s holdings in DXC Technology were worth $770,000 at the end of the most recent quarter.
Several other institutional investors also recently bought and sold shares of DXC. FMR LLC raised its stake in shares of DXC Technology by 7.1% during the 2nd quarter. FMR LLC now owns 4,819,523 shares of the company’s stock worth $388,502,000 after purchasing an additional 319,168 shares in the last quarter. Schroder Investment Management Group bought a new stake in shares of DXC Technology during the 2nd quarter worth approximately $291,000. State of Alaska Department of Revenue raised its stake in shares of DXC Technology by 4.0% during the 3rd quarter. State of Alaska Department of Revenue now owns 47,022 shares of the company’s stock worth $4,396,000 after purchasing an additional 1,812 shares in the last quarter. Grassi Investment Management bought a new stake in shares of DXC Technology during the 3rd quarter worth approximately $215,000. Finally, Retirement Capital Strategies bought a new stake in shares of DXC Technology during the 3rd quarter worth approximately $305,000. 84.89% of the stock is owned by hedge funds and other institutional investors.
DXC stock opened at $69.21 on Friday. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 0.46. The company has a market cap of $19.39 billion, a P/E ratio of 8.72, a price-to-earnings-growth ratio of 1.20 and a beta of 1.53. DXC Technology Co has a 1-year low of $49.19 and a 1-year high of $107.85.
DXC Technology (NYSE:DXC) last posted its earnings results on Thursday, February 7th. The company reported $2.23 earnings per share for the quarter, topping analysts’ consensus estimates of $2.04 by $0.19. The business had revenue of $5.18 billion for the quarter, compared to analyst estimates of $5.16 billion. DXC Technology had a return on equity of 19.33% and a net margin of 7.09%. The firm’s revenue was down 5.2% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.86 EPS. Equities analysts forecast that DXC Technology Co will post 8.17 EPS for the current year.
A number of equities research analysts have recently issued reports on the company. BMO Capital Markets reiterated a “buy” rating on shares of DXC Technology in a research note on Wednesday, October 24th. ValuEngine cut DXC Technology from a “hold” rating to a “sell” rating in a research note on Wednesday, October 24th. JPMorgan Chase & Co. reiterated an “overweight” rating and set a $83.00 price objective on shares of DXC Technology in a research note on Tuesday, November 13th. Cantor Fitzgerald reiterated a “hold” rating and set a $70.00 price objective on shares of DXC Technology in a research note on Wednesday, November 7th. Finally, SunTrust Banks dropped their price objective on DXC Technology to $75.00 in a research note on Tuesday, November 13th. One investment analyst has rated the stock with a sell rating, four have given a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $92.31.
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About DXC Technology
DXC Technology Company, together with its subsidiaries, provides information technology services and solutions primarily in North America, Europe, Asia, and Australia. It operates through three segments: Global Business Services (GBS), Global Infrastructure Services (GIS), and United States Public Sector (USPS).
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