AGF Management Ltd. Makes New Investment in DXC Technology (NYSE:DXC)

AGF Management Ltd. purchased a new position in shares of DXC Technology (NYSE:DXC - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 115,842 shares of the company's stock, valued at approximately $2,315,000. AGF Management Ltd. owned approximately 0.06% of DXC Technology at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Pacer Advisors Inc. boosted its position in DXC Technology by 4.7% in the third quarter. Pacer Advisors Inc. now owns 20,140,488 shares of the company's stock valued at $417,915,000 after buying an additional 899,510 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in DXC Technology by 3.5% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,930,963 shares of the company's stock worth $38,581,000 after acquiring an additional 64,867 shares in the last quarter. Principal Financial Group Inc. increased its stake in DXC Technology by 3.0% during the 4th quarter. Principal Financial Group Inc. now owns 877,399 shares of the company's stock valued at $17,530,000 after purchasing an additional 25,573 shares in the last quarter. JPMorgan Chase & Co. lifted its position in DXC Technology by 1.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 823,191 shares of the company's stock valued at $17,081,000 after acquiring an additional 10,922 shares in the last quarter. Finally, Assenagon Asset Management S.A. boosted its position in shares of DXC Technology by 4,893.5% during the fourth quarter. Assenagon Asset Management S.A. now owns 669,576 shares of the company's stock valued at $13,378,000 after buying an additional 656,167 shares during the last quarter. Institutional investors own 96.20% of the company's stock.

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DXC Technology Stock Performance

Shares of NYSE:DXC traded up $0.20 during midday trading on Wednesday, reaching $17.55. 1,382,491 shares of the company's stock traded hands, compared to its average volume of 1,569,356. 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 $14.79 and a one year high of $24.83. The company has a market cap of $3.18 billion, a price-to-earnings ratio of -41.79, a P/E/G ratio of 1.16 and a beta of 1.62. The stock has a 50 day moving average of $19.84 and a 200 day moving average of $20.58.

DXC Technology (NYSE:DXC - Get Free Report) last posted its earnings results on Tuesday, February 4th. The company reported $0.92 earnings per share for the quarter, beating the consensus estimate 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, equities research analysts anticipate that DXC Technology will post 3.35 EPS for the current fiscal year.

Analysts Set New Price Targets

Separately, Morgan Stanley lifted their target price on DXC Technology from $20.00 to $22.00 and gave the stock an "equal weight" rating in a research note on Friday, January 31st. One research analyst has rated the stock with a sell rating and seven have issued a hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $21.38.

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).