DXC Technology (NYSE:DXC) Stock Holdings Lifted by CX Institutional

CX Institutional lifted its holdings in shares of DXC Technology (NYSE:DXC) by 277,642.3% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 144,426 shares of the company’s stock after buying an additional 144,374 shares during the period. CX Institutional owned 0.08% of DXC Technology worth $2,462,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the business. Vanguard Group Inc. boosted its stake in DXC Technology by 1.2% in the fourth quarter. Vanguard Group Inc. now owns 23,634,617 shares of the company’s stock valued at $472,220,000 after acquiring an additional 270,206 shares during the period. Dimensional Fund Advisors LP lifted its holdings in shares of DXC Technology by 3.8% in the 4th quarter. Dimensional Fund Advisors LP now owns 10,436,557 shares of the company’s stock worth $208,524,000 after purchasing an additional 378,338 shares during the last quarter. American Century Companies Inc. lifted its holdings in shares of DXC Technology by 18.5% in the 4th quarter. American Century Companies Inc. now owns 5,816,970 shares of the company’s stock worth $116,223,000 after purchasing an additional 907,004 shares during the last quarter. LSV Asset Management boosted its position in DXC Technology by 0.9% during the 4th quarter. LSV Asset Management now owns 3,382,372 shares of the company’s stock valued at $67,580,000 after purchasing an additional 31,263 shares during the period. Finally, AQR Capital Management LLC grew its stake in DXC Technology by 43.8% during the 4th quarter. AQR Capital Management LLC now owns 1,943,649 shares of the company’s stock worth $38,834,000 after buying an additional 591,841 shares during the last quarter. Institutional investors own 96.20% of the company’s stock.

Analysts Set New Price Targets

DXC has been the topic of several analyst reports. Susquehanna dropped their target price on DXC Technology from $23.00 to $16.00 and set a “neutral” rating on the stock in a research report on Wednesday, April 23rd. BMO Capital Markets lowered their price target on shares of DXC Technology from $26.00 to $17.00 and set a “market perform” rating for the company in a research report on Thursday, May 15th. Royal Bank of Canada dropped their price objective on shares of DXC Technology from $27.00 to $18.00 and set a “sector perform” rating on the stock in a report on Thursday, May 15th. Wall Street Zen downgraded shares of DXC Technology from a “buy” rating to a “hold” rating in a research report on Thursday, May 22nd. Finally, Morgan Stanley reduced their target price on shares of DXC Technology from $22.00 to $16.00 and set an “equal weight” rating for the company in a research note on Thursday, May 15th. One equities research analyst has rated the stock with a sell rating and six have assigned a hold rating to the company. According to data from MarketBeat, DXC Technology presently has an average rating of “Hold” and a consensus price target of $17.00.

DXC Technology Price Performance

Shares of DXC opened at $15.98 on Thursday. The firm has a market capitalization of $2.90 billion, a price-to-earnings ratio of -38.04, a price-to-earnings-growth ratio of 1.16 and a beta of 1.22. The company has a debt-to-equity ratio of 1.12, a quick ratio of 1.34 and a current ratio of 1.34. DXC Technology has a one year low of $13.44 and a one year high of $24.83. The stock’s fifty day moving average is $15.28 and its 200-day moving average is $18.33.

DXC Technology (NYSE:DXC) last announced its earnings results on Wednesday, May 14th. The company reported $0.84 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.76 by $0.08. DXC Technology had a negative net margin of 0.57% and a positive return on equity of 20.70%. The firm had revenue of $3.17 billion during the quarter, compared to analyst estimates of $3.13 billion. During the same quarter in the prior year, the firm posted $0.97 EPS. DXC Technology’s revenue was down 6.4% compared to the same quarter last year. Equities analysts anticipate 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).