Assenagon Asset Management S.A. Purchases 656,167 Shares of DXC Technology (NYSE:DXC)

Assenagon Asset Management S.A. raised its holdings in shares of DXC Technology (NYSE:DXC - Free Report) by 4,893.5% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 669,576 shares of the company's stock after purchasing an additional 656,167 shares during the quarter. Assenagon Asset Management S.A. owned approximately 0.37% of DXC Technology worth $13,378,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in DXC. William B. Walkup & Associates Inc. acquired a new position in shares of DXC Technology in the second quarter valued at approximately $26,000. Matrix Trust Co acquired a new position in DXC Technology in the 3rd quarter valued at $43,000. Prospera Private Wealth LLC bought a new position in DXC Technology during the 3rd quarter worth $49,000. GAMMA Investing LLC lifted its holdings in shares of DXC Technology by 48.7% during the third quarter. GAMMA Investing LLC now owns 3,425 shares of the company's stock worth $71,000 after buying an additional 1,122 shares in the last quarter. Finally, Carolina Wealth Advisors LLC acquired a new stake in shares of DXC Technology during the third quarter worth $79,000. 96.20% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts recently commented on the stock. BMO Capital Markets raised their price target on shares of DXC Technology from $22.00 to $25.00 and gave the stock a "market perform" rating in a research report on Monday, November 11th. Susquehanna raised their target price on shares of DXC Technology from $19.00 to $23.00 and gave the stock a "neutral" rating in a report on Friday, November 8th. One equities research analyst has rated the stock with a sell rating and seven have issued a hold rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $20.88.

DXC Technology Price Performance

Shares of DXC stock traded down $0.13 during trading hours on Friday, reaching $20.51. The company's stock had a trading volume of 420,815 shares, compared to its average volume of 906,333. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 1.18. DXC Technology has a fifty-two week low of $14.78 and a fifty-two week high of $24.83. The company has a market capitalization of $3.71 billion, a price-to-earnings ratio of 256.34, a PEG ratio of 1.26 and a beta of 1.66. The firm's 50 day simple moving average is $21.16 and its 200-day simple moving average is $20.49.

DXC Technology (NYSE:DXC - Get Free Report) last issued its earnings results on Thursday, November 7th. The company reported $0.93 EPS for the quarter, topping the consensus estimate of $0.72 by $0.21. DXC Technology had a return on equity of 20.42% and a net margin of 0.18%. The firm had revenue of $3.24 billion during the quarter, compared to the consensus estimate of $3.21 billion. During the same quarter in the previous year, the firm earned $0.70 earnings per share. Sell-side analysts forecast that DXC Technology will post 3.18 earnings per share for the current year.

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).