Eagle Asset Management Inc. boosted its position in shares of DXC Technology (NYSE:DXC) by 62.9% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 670,252 shares of the company’s stock after purchasing an additional 258,874 shares during the period. Eagle Asset Management Inc. owned 0.23% of DXC Technology worth $67,380,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in DXC. UBS Asset Management Americas Inc. boosted its position in DXC Technology by 319,135.0% during the fourth quarter. UBS Asset Management Americas Inc. now owns 2,049,489 shares of the company’s stock valued at $194,497,000 after purchasing an additional 2,048,847 shares during the last quarter. Massachusetts Financial Services Co. MA boosted its position in DXC Technology by 12.7% during the first quarter. Massachusetts Financial Services Co. MA now owns 11,444,641 shares of the company’s stock valued at $1,150,530,000 after purchasing an additional 1,292,715 shares during the last quarter. Millennium Management LLC boosted its position in DXC Technology by 76.4% during the fourth quarter. Millennium Management LLC now owns 1,411,526 shares of the company’s stock valued at $133,954,000 after purchasing an additional 611,366 shares during the last quarter. First Trust Advisors LP boosted its position in DXC Technology by 122.6% during the fourth quarter. First Trust Advisors LP now owns 793,350 shares of the company’s stock valued at $75,289,000 after purchasing an additional 436,882 shares during the last quarter. Finally, Mackay Shields LLC acquired a new stake in DXC Technology during the first quarter valued at $38,216,000. 84.92% of the stock is owned by hedge funds and other institutional investors.
DXC Technology stock opened at $100.23 on Friday. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.99 and a current ratio of 0.99. The stock has a market capitalization of $28.54 billion, a PE ratio of 14.65, a price-to-earnings-growth ratio of 1.05 and a beta of 0.94. DXC Technology has a 52 week low of $73.51 and a 52 week high of $107.85.
DXC has been the subject of a number of research reports. Morgan Stanley lifted their price objective on 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 DXC Technology to $126.00 and gave the company a “top pick” rating in a report on Thursday, April 12th. ValuEngine lowered DXC Technology from a “strong-buy” rating to a “buy” rating in a report on Tuesday, April 3rd. JPMorgan Chase raised their target price on DXC Technology to $114.00 and gave the company an “overweight” rating in a report on Thursday, April 5th. Finally, Zacks Investment Research lowered DXC Technology from a “buy” rating to a “hold” rating in a report on Friday, February 2nd. Five equities research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. DXC Technology currently has a consensus rating of “Buy” and a consensus target price of $105.72.
In other news, EVP William L. Deckelman, Jr. sold 2,886 shares of DXC Technology stock in a transaction dated Wednesday, May 16th. The stock was sold at an average price of $100.94, for a total value of $291,312.84. Following the transaction, the executive vice president now directly owns 13,082 shares in the company, valued at $1,320,497.08. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider John M. Lawrie sold 5,000 shares of DXC Technology stock in a transaction dated Friday, April 27th. The stock was sold at an average price of $103.04, for a total value of $515,200.00. The disclosure for this sale can be found here. Insiders sold 22,886 shares of company stock worth $2,343,380 over the last quarter. 1.30% of the stock is currently owned by corporate insiders.
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 three segments: Global Business Services (GBS), Global Infrastructure Services (GIS), and United States Public Sector (USPS).
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