Towle & Co. Has $15.73 Million Stock Position in DXC Technology (NYSE:DXC)

Towle & Co. decreased its stake in shares of DXC Technology (NYSE:DXC) by 19.0% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 787,263 shares of the company’s stock after selling 184,306 shares during the quarter. DXC Technology comprises about 2.7% of Towle & Co.’s portfolio, making the stock its 16th biggest holding. Towle & Co.’s holdings in DXC Technology were worth $15,730,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in DXC. American Century Companies Inc. increased its position in shares of DXC Technology by 18.5% during 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. Norges Bank acquired a new position in shares of DXC Technology during the 4th quarter worth approximately $17,399,000. Assenagon Asset Management S.A. increased its position 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 worth $13,378,000 after purchasing an additional 656,167 shares during the last quarter. AQR Capital Management LLC increased its position in shares of 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 purchasing an additional 591,841 shares during the last quarter. Finally, Deutsche Bank AG increased its position in shares of DXC Technology by 99.3% during the 4th quarter. Deutsche Bank AG now owns 1,173,407 shares of the company’s stock worth $23,445,000 after purchasing an additional 584,678 shares during the last quarter. Institutional investors and hedge funds own 96.20% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on DXC shares. Morgan Stanley lowered their price target on DXC Technology from $22.00 to $16.00 and set an “equal weight” rating on the stock in a research report on Thursday. Royal Bank of Canada decreased their target price on DXC Technology from $27.00 to $18.00 and set a “sector perform” rating on the stock in a report on Thursday. BMO Capital Markets decreased their target price on DXC Technology from $26.00 to $17.00 and set a “market perform” rating on the stock in a report on Thursday. Susquehanna decreased their target price on DXC Technology from $23.00 to $16.00 and set a “neutral” rating on the stock in a report on Wednesday, April 23rd. Finally, Guggenheim reissued a “neutral” rating on shares of DXC Technology in a report on Monday, May 12th. One equities research analyst has rated the stock with a sell rating and six have issued a hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $17.83.

DXC Technology Stock Performance

DXC opened at $15.26 on Monday. The business has a fifty day simple moving average of $15.90 and a 200 day simple moving average of $19.05. The company has a market capitalization of $2.76 billion, a PE ratio of -36.32, a price-to-earnings-growth ratio of 1.16 and a beta of 1.18. DXC Technology has a 1 year low of $13.44 and a 1 year high of $24.83. The company has a debt-to-equity ratio of 1.12, a current ratio of 1.34 and a quick ratio of 1.34.

DXC Technology (NYSE:DXC) last released its quarterly earnings results on Wednesday, May 14th. The company reported $0.84 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.76 by $0.08. The business had revenue of $3.17 billion during the quarter, compared to the consensus estimate of $3.13 billion. DXC Technology had a positive return on equity of 20.70% and a negative net margin of 0.57%. The firm’s quarterly revenue was down 6.4% on a year-over-year basis. During the same period in the previous year, the company posted $0.97 EPS. Research analysts expect that DXC Technology will post 3.35 EPS for the current year.

DXC Technology 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).