UBS Asset Management Americas Inc. increased its stake in DXC Technology (NYSE:DXC) by 319,135.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,049,489 shares of the company’s stock after buying an additional 2,048,847 shares during the period. UBS Asset Management Americas Inc.’s holdings in DXC Technology were worth $194,497,000 as of its most recent SEC filing.
A number of other hedge funds also recently bought and sold shares of the stock. Waratah Capital Advisors Ltd. purchased a new position in DXC Technology in the 4th quarter worth about $2,569,000. BlackRock Inc. increased its stake in DXC Technology by 1.7% in the 4th quarter. BlackRock Inc. now owns 18,334,186 shares of the company’s stock worth $1,739,915,000 after buying an additional 300,394 shares during the period. Bank of New York Mellon Corp increased its stake in DXC Technology by 8.4% in the 4th quarter. Bank of New York Mellon Corp now owns 2,958,138 shares of the company’s stock worth $280,727,000 after buying an additional 229,130 shares during the period. Harbor Island Capital LLC purchased a new position in DXC Technology during the 4th quarter valued at about $1,746,000. Finally, Rhumbline Advisers increased its position in DXC Technology by 0.7% during the 4th quarter. Rhumbline Advisers now owns 523,245 shares of the company’s stock valued at $49,656,000 after purchasing an additional 3,511 shares during the period. 84.62% of the stock is currently owned by institutional investors.
A number of research firms have commented on DXC. Zacks Investment Research downgraded shares of DXC Technology from a “buy” rating to a “hold” rating in a research report on Friday, February 2nd. Morgan Stanley raised their target price on shares of DXC Technology from $104.00 to $114.00 and gave the company an “overweight” rating in a research report on Monday, February 5th. Citigroup raised their target price on shares of DXC Technology to $107.00 in a research report on Wednesday, November 8th. SunTrust Banks raised shares of DXC Technology from a “hold” rating to a “buy” rating in a research report on Wednesday, January 31st. Finally, Cantor Fitzgerald reissued a “hold” rating and set a $93.00 target price on shares of DXC Technology in a research report on Wednesday, November 8th. Four analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $103.33.
Shares of DXC Technology (NYSE DXC) opened at $100.82 on Friday. DXC Technology has a 1-year low of $64.06 and a 1-year high of $102.95. The firm has a market cap of $28,803.06, a PE ratio of 32.95, a PEG ratio of 1.23 and a beta of 0.95. The company has a debt-to-equity ratio of 0.48, a current ratio of 0.99 and a quick ratio of 1.00.
DXC Technology (NYSE:DXC) last released its quarterly earnings results on Thursday, February 8th. The company reported $2.15 earnings per share for the quarter, beating analysts’ consensus estimates of $1.99 by $0.16. DXC Technology had a net margin of 5.18% and a return on equity of 17.97%. The business had revenue of $6.19 billion for the quarter, compared to analysts’ expectations of $6.19 billion. The firm’s quarterly revenue was up 222.7% compared to the same quarter last year. sell-side analysts predict that DXC Technology will post 7.83 earnings per share for the current fiscal 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 two segments, Global Business Services (GBS) and Global Infrastructure Services (GIS). The GBS segment offers technology solutions comprising consulting, applications services, and software.
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