Bridgewater Associates LP Buys 115,351 Shares of DXC Technology (NYSE:DXC)

Bridgewater Associates LP boosted its stake in DXC Technology (NYSE:DXC - Free Report) by 60.2% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 306,988 shares of the company's stock after purchasing an additional 115,351 shares during the quarter. Bridgewater Associates LP owned about 0.17% of DXC Technology worth $6,134,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also bought and sold shares of DXC. Treasurer of the State of North Carolina raised its position in shares of DXC Technology by 0.6% during the 4th quarter. Treasurer of the State of North Carolina now owns 78,639 shares of the company's stock valued at $1,571,000 after purchasing an additional 490 shares during the period. Arizona State Retirement System raised its position in shares of DXC Technology by 1.1% during the 4th quarter. Arizona State Retirement System now owns 52,475 shares of the company's stock valued at $1,048,000 after purchasing an additional 566 shares during the period. Highland Capital Management LLC raised its position in shares of DXC Technology by 6.6% during the 4th quarter. Highland Capital Management LLC now owns 11,850 shares of the company's stock valued at $237,000 after purchasing an additional 731 shares during the period. Corient Private Wealth LLC increased its holdings in DXC Technology by 2.3% in the 4th quarter. Corient Private Wealth LLC now owns 32,796 shares of the company's stock valued at $655,000 after acquiring an additional 740 shares during the last quarter. Finally, Newbridge Financial Services Group Inc. increased its holdings in DXC Technology by 116.1% in the 4th quarter. Newbridge Financial Services Group Inc. now owns 1,675 shares of the company's stock valued at $33,000 after acquiring an additional 900 shares during the last quarter. 96.20% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of analysts have issued reports on DXC shares. Morgan Stanley lifted their price target 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. Susquehanna reduced their price target on shares of DXC Technology from $23.00 to $16.00 and set a "neutral" rating on the stock in a report on Wednesday. One research analyst has rated the stock with a sell rating and six have given a hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $20.29.

DXC Technology Trading Up 4.9 %

NYSE DXC traded up $0.71 during trading hours on Wednesday, hitting $15.24. 261,999 shares of the company were exchanged, compared to its average volume of 1,691,934. DXC Technology has a 52 week low of $13.44 and a 52 week high of $24.83. The company has a quick ratio of 1.34, a current ratio of 1.34 and a debt-to-equity ratio of 1.12. The stock has a 50-day moving average price of $17.04 and a 200 day moving average price of $19.64. The stock has a market cap of $2.76 billion, a PE ratio of -36.28, a price-to-earnings-growth ratio of 1.16 and a beta of 1.37.

DXC Technology (NYSE:DXC - Get Free Report) last posted its quarterly earnings data on Tuesday, February 4th. The company reported $0.92 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.69 by $0.23. DXC Technology had a positive return on equity of 20.70% and a negative net margin of 0.57%. Analysts forecast that DXC Technology will post 3.35 earnings per share for the current fiscal year.

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).