DXC Technology (NYSE:DXC) Position Increased by American Century Companies Inc.

American Century Companies Inc. increased its stake in shares of DXC Technology (NYSE:DXC) by 18.5% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 5,816,970 shares of the company’s stock after acquiring an additional 907,004 shares during the period. American Century Companies Inc.’s holdings in DXC Technology were worth $116,223,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently added to or reduced their stakes in DXC. Newbridge Financial Services Group Inc. boosted its holdings in shares of DXC Technology by 116.1% during the fourth quarter. Newbridge Financial Services Group Inc. now owns 1,675 shares of the company’s stock valued at $33,000 after acquiring an additional 900 shares during the period. Smartleaf Asset Management LLC lifted its position in DXC Technology by 366.4% in the 4th quarter. Smartleaf Asset Management LLC now owns 2,999 shares of the company’s stock valued at $60,000 after purchasing an additional 2,356 shares during the last quarter. Brown Lisle Cummings Inc. boosted its stake in DXC Technology by 60.0% during the 4th quarter. Brown Lisle Cummings Inc. now owns 3,200 shares of the company’s stock valued at $64,000 after purchasing an additional 1,200 shares during the period. Quest Partners LLC bought a new position in DXC Technology in the 3rd quarter worth about $97,000. Finally, Matrix Trust Co grew its position in DXC Technology by 347.2% in the 4th quarter. Matrix Trust Co now owns 9,343 shares of the company’s stock worth $187,000 after purchasing an additional 7,254 shares during the last quarter. 96.20% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, Morgan Stanley boosted their price objective on DXC Technology from $20.00 to $22.00 and gave the stock an “equal weight” rating in a research report on Friday, January 31st. One analyst has rated the stock with a sell rating and six have issued a hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $21.29.

DXC Technology Stock Down 4.0 %

DXC stock opened at $16.47 on Monday. The firm’s 50-day moving average is $19.66 and its two-hundred day moving average is $20.50. The company has a market capitalization of $2.98 billion, a price-to-earnings ratio of -39.21, a price-to-earnings-growth ratio of 1.16 and a beta of 1.62. DXC Technology has a 52 week low of $14.79 and a 52 week high of $24.83. The company has a current ratio of 1.34, a quick ratio of 1.34 and a debt-to-equity ratio of 1.12.

DXC Technology (NYSE:DXC) last announced its earnings results on Tuesday, February 4th. The company reported $0.92 EPS for the quarter, topping the consensus estimate of $0.69 by $0.23. DXC Technology had a positive return on equity of 20.70% and a negative net margin of 0.57%. On average, analysts forecast that DXC Technology will post 3.35 earnings per share for the current fiscal year.

DXC Technology Company Profile

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).