Amundi Grows Holdings in DXC Technology (NYSE:DXC)

Amundi grew its holdings in DXC Technology (NYSE:DXC - Free Report) by 188.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 91,734 shares of the company's stock after purchasing an additional 59,902 shares during the quarter. Amundi owned approximately 0.05% of DXC Technology worth $1,882,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of DXC. Newbridge Financial Services Group Inc. lifted its stake in shares of DXC Technology by 116.1% during the fourth quarter. Newbridge Financial Services Group Inc. now owns 1,675 shares of the company's stock valued at $33,000 after buying an additional 900 shares during the period. Prospera Private Wealth LLC acquired a new position in DXC Technology in the third quarter valued at $49,000. Smartleaf Asset Management LLC lifted its position in DXC Technology by 366.4% during the fourth quarter. Smartleaf Asset Management LLC now owns 2,999 shares of the company's stock worth $60,000 after buying an additional 2,356 shares during the period. Brown Lisle Cummings Inc. boosted its stake in DXC Technology by 60.0% in the 4th quarter. Brown Lisle Cummings Inc. now owns 3,200 shares of the company's stock worth $64,000 after buying an additional 1,200 shares during the last quarter. Finally, Quest Partners LLC purchased a new stake in DXC Technology in the 3rd quarter valued at about $97,000. 96.20% of the stock is owned by hedge funds and other institutional investors.

DXC Technology Stock Down 4.0 %

Shares of DXC stock traded down $0.68 during trading hours on Friday, reaching $16.47. The company had a trading volume of 27,597,138 shares, compared to its average volume of 1,671,306. The company has a market capitalization of $2.98 billion, a P/E ratio of -39.21, a price-to-earnings-growth ratio of 1.16 and a beta of 1.62. DXC Technology has a twelve month low of $14.79 and a twelve month high of $24.83. The stock's fifty day simple moving average is $19.72 and its 200 day simple moving average is $20.53. The company has a debt-to-equity ratio of 1.12, a quick ratio of 1.34 and a current ratio of 1.34.

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

Analysts Set New Price Targets

Separately, Morgan Stanley boosted their target price on shares of DXC Technology from $20.00 to $22.00 and gave the company an "equal weight" rating in a report on Friday, January 31st. One analyst has rated the stock with a sell rating and six have given a hold rating to the company. Based on data from MarketBeat, the stock has an average rating of "Hold" and an average target price of $21.29.

About DXC Technology

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).