American Century Companies Inc. Grows Stock Position in DXC Technology (NYSE:DXC)

American Century Companies Inc. increased its position in DXC Technology (NYSE:DXC - Free Report) by 18.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,816,970 shares of the company's stock after buying an additional 907,004 shares during the period. American Century Companies Inc. owned about 3.21% of DXC Technology worth $116,223,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the company. Teacher Retirement System of Texas raised its holdings in DXC Technology by 13.9% in the 4th quarter. Teacher Retirement System of Texas now owns 92,558 shares of the company's stock valued at $1,849,000 after acquiring an additional 11,289 shares during the last quarter. Xponance Inc. acquired a new position in DXC Technology in the fourth quarter valued at $213,000. Brooktree Capital Management lifted its position in DXC Technology by 3.1% during the fourth quarter. Brooktree Capital Management now owns 95,663 shares of the company's stock worth $1,911,000 after buying an additional 2,912 shares during the period. Counterpoint Mutual Funds LLC acquired a new stake in DXC Technology in the 4th quarter worth about $327,000. Finally, Corient Private Wealth LLC boosted its stake in DXC Technology by 2.3% in the 4th quarter. Corient Private Wealth LLC now owns 32,796 shares of the company's stock worth $655,000 after buying an additional 740 shares during the last quarter. Hedge funds and other institutional investors own 96.20% of the company's stock.

Wall Street Analysts Forecast Growth

Separately, Morgan Stanley upped their price objective on shares of DXC Technology from $20.00 to $22.00 and gave the company an "equal weight" rating in a research note on Friday, January 31st. One investment analyst has rated the stock with a sell rating and six have issued a hold rating to the company's stock. According to MarketBeat.com, DXC Technology presently has a consensus rating of "Hold" and a consensus target price of $21.29.

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DXC Technology Trading Down 0.7 %

NYSE:DXC traded down $0.12 on Thursday, hitting $17.39. 2,009,206 shares of the stock were exchanged, compared to its average volume of 1,678,586. The stock has a market cap of $3.15 billion, a PE ratio of -41.41, a PEG ratio of 1.16 and a beta of 1.62. DXC Technology has a fifty-two week low of $14.79 and a fifty-two week 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 stock has a fifty day moving average of $19.48 and a 200-day moving average of $20.43.

DXC Technology (NYSE:DXC - Get Free Report) last announced its quarterly earnings results on Tuesday, February 4th. The company reported $0.92 earnings per share 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%. As a group, equities analysts expect that DXC Technology will post 3.35 earnings per share for the current fiscal year.

DXC Technology Company 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).