DXC Technology (NYSE:DXC) Stake Lessened by Comerica Bank

Comerica Bank trimmed its holdings in shares of DXC Technology (NYSE:DXC) by 6.3% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 92,636 shares of the company’s stock after selling 6,260 shares during the period. Comerica Bank’s holdings in DXC Technology were worth $1,851,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently bought and sold shares of the company. American Century Companies Inc. grew its position in DXC Technology by 18.5% during the fourth quarter. American Century Companies Inc. now owns 5,816,970 shares of the company’s stock valued at $116,223,000 after purchasing an additional 907,004 shares in the last quarter. Norges Bank purchased a new position in shares of DXC Technology during the 4th quarter valued at $17,399,000. Assenagon Asset Management S.A. grew its holdings in shares of DXC Technology by 4,893.5% during the 4th quarter. Assenagon Asset Management S.A. now owns 669,576 shares of the company’s stock valued at $13,378,000 after acquiring an additional 656,167 shares in the last quarter. AQR Capital Management LLC increased its stake 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 acquiring an additional 591,841 shares during the last quarter. Finally, Brandywine Global Investment Management LLC purchased a new stake in shares of DXC Technology during the fourth quarter worth $11,078,000. 96.20% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have commented on DXC shares. Morgan Stanley boosted their target price on DXC Technology from $20.00 to $22.00 and gave the company an “equal weight” rating in a research note on Friday, January 31st. Susquehanna lowered their price target on DXC Technology from $23.00 to $16.00 and set a “neutral” rating for the company in a research note on Wednesday, April 23rd. One investment analyst has rated the stock with a sell rating and six have assigned a hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $20.29.

DXC Technology Stock Up 2.5 %

Shares of DXC stock opened at $16.25 on Friday. The stock’s 50 day simple moving average is $16.08 and its 200 day simple moving average is $19.21. DXC Technology has a twelve month low of $13.44 and a twelve month high of $24.83. The company has a debt-to-equity ratio of 1.12, a quick ratio of 1.34 and a current ratio of 1.34. The company has a market capitalization of $2.94 billion, a price-to-earnings ratio of -38.69, a PEG ratio of 1.16 and a beta of 1.18.

DXC Technology (NYSE:DXC) last released its quarterly earnings results on Tuesday, February 4th. The company reported $0.92 EPS for the quarter, beating analysts’ consensus estimates of $0.69 by $0.23. DXC Technology had a negative net margin of 0.57% and a positive return on equity of 20.70%. As a group, research analysts predict that DXC Technology will post 3.35 EPS for the current 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).