Livforsakringsbolaget Skandia Omsesidigt grew its holdings in DXC Technology Co (NYSE:DXC) by 16.5% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 6,791 shares of the company’s stock after buying an additional 960 shares during the period. Livforsakringsbolaget Skandia Omsesidigt’s holdings in DXC Technology were worth $437,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds and other institutional investors have also modified their holdings of the company. Vanguard Group Inc increased its position in DXC Technology by 0.6% in the third quarter. Vanguard Group Inc now owns 20,616,012 shares of the company’s stock worth $1,928,010,000 after buying an additional 122,686 shares during the period. NuWave Investment Management LLC increased its position in DXC Technology by 22.0% in the fourth quarter. NuWave Investment Management LLC now owns 2,527 shares of the company’s stock worth $134,000 after buying an additional 455 shares during the period. IFM Investors Pty Ltd increased its position in DXC Technology by 10.6% in the fourth quarter. IFM Investors Pty Ltd now owns 16,437 shares of the company’s stock worth $874,000 after buying an additional 1,572 shares during the period. Calamos Advisors LLC increased its position in DXC Technology by 17.6% in the fourth quarter. Calamos Advisors LLC now owns 59,041 shares of the company’s stock worth $3,139,000 after buying an additional 8,839 shares during the period. Finally, Zweig DiMenna Associates LLC acquired a new stake in DXC Technology in the fourth quarter worth $213,000. Institutional investors and hedge funds own 83.74% of the company’s stock.
DXC has been the topic of several analyst reports. Goldman Sachs Group lowered DXC Technology from a “conviction-buy” rating to a “buy” rating in a research report on Monday, April 22nd. Zacks Investment Research lowered DXC Technology from a “buy” rating to a “hold” rating in a research report on Wednesday. BMO Capital Markets dropped their target price on DXC Technology from $88.00 to $70.00 and set an “outperform” rating on the stock in a research report on Tuesday. SunTrust Banks increased their target price on DXC Technology to $72.00 and gave the stock a “hold” rating in a research report on Monday, February 11th. Finally, KeyCorp dropped their target price on DXC Technology from $97.00 to $88.00 and set an “overweight” rating on the stock in a research report on Monday. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and ten have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $84.82.
Shares of DXC opened at $52.82 on Friday. The firm has a market cap of $14.82 billion, a PE ratio of 6.65, a price-to-earnings-growth ratio of 0.91 and a beta of 1.51. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.53. DXC Technology Co has a one year low of $49.19 and a one year high of $100.87.
DXC Technology (NYSE:DXC) last issued its quarterly earnings results on Thursday, May 23rd. The company reported $2.19 EPS for the quarter, beating analysts’ consensus estimates of $2.07 by $0.12. The company had revenue of $5.28 billion for the quarter, compared to analyst estimates of $5.30 billion. DXC Technology had a return on equity of 19.78% and a net margin of 7.09%. The company’s quarterly revenue was down 5.4% compared to the same quarter last year. During the same period last year, the company earned $2.28 earnings per share. Sell-side analysts anticipate that DXC Technology Co will post 8.25 EPS for the current year.
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DXC Technology Company 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 three segments: Global Business Services (GBS), Global Infrastructure Services (GIS), and United States Public Sector (USPS).
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