AlphaQuest LLC lifted its holdings in DXC Technology (NYSE:DXC - Free Report) by 539.2% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 30,022 shares of the company's stock after purchasing an additional 25,325 shares during the quarter. AlphaQuest LLC's holdings in DXC Technology were worth $600,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds also recently bought and sold shares of the company. Pacer Advisors Inc. boosted its stake in DXC Technology by 4.7% during the third quarter. Pacer Advisors Inc. now owns 20,140,488 shares of the company's stock worth $417,915,000 after buying an additional 899,510 shares during the period. Charles Schwab Investment Management Inc. boosted its stake in DXC Technology by 3.5% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,930,963 shares of the company's stock worth $38,581,000 after buying an additional 64,867 shares during the period. Principal Financial Group Inc. boosted its stake in DXC Technology by 3.0% during the fourth quarter. Principal Financial Group Inc. now owns 877,399 shares of the company's stock worth $17,530,000 after buying an additional 25,573 shares during the period. JPMorgan Chase & Co. boosted its stake in DXC Technology by 1.3% during the third quarter. JPMorgan Chase & Co. now owns 823,191 shares of the company's stock worth $17,081,000 after buying an additional 10,922 shares during the period. Finally, Assenagon Asset Management S.A. boosted its stake in 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 worth $13,378,000 after buying an additional 656,167 shares during the period. 96.20% of the stock is owned by hedge funds and other institutional investors.
DXC Technology Stock Down 1.3 %
Shares of DXC opened at $17.53 on Wednesday. The firm has a market capitalization of $3.17 billion, a P/E ratio of -41.73, a P/E/G ratio of 1.16 and a beta of 1.62. DXC Technology has a 12-month low of $14.78 and a 12-month high of $24.83. The company has a current ratio of 1.34, a quick ratio of 1.34 and a debt-to-equity ratio of 1.12. The firm has a fifty day moving average price of $20.13 and a 200-day moving average price of $20.70.
DXC Technology (NYSE:DXC - Get Free Report) last issued its earnings results on Tuesday, February 4th. The company reported $0.92 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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%. Equities research analysts expect that DXC Technology will post 3.35 earnings per share for the current year.
Wall Street Analyst Weigh In
Separately, Morgan Stanley lifted their price objective on shares of 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 analyst has rated the stock with a sell rating and seven have assigned a hold rating to the company. According to data from MarketBeat.com, DXC Technology presently has a consensus rating of "Hold" and an average target price of $21.38.
Read Our Latest Analysis on DXC
DXC Technology Company Profile
(
Free Report)
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).
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