CANADA LIFE ASSURANCE Co Raises Position in DXC Technology (NYSE:DXC)

CANADA LIFE ASSURANCE Co increased its holdings in shares of DXC Technology (NYSE:DXC - Free Report) by 23.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 284,586 shares of the company's stock after acquiring an additional 53,692 shares during the quarter. CANADA LIFE ASSURANCE Co owned approximately 0.16% of DXC Technology worth $5,681,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. Barclays PLC boosted its holdings in shares of DXC Technology by 273.6% in the 3rd quarter. Barclays PLC now owns 85,831 shares of the company's stock worth $1,781,000 after buying an additional 62,857 shares during the last quarter. Sanctuary Advisors LLC bought a new stake in DXC Technology in the third quarter worth about $258,000. Franklin Resources Inc. boosted its stake in DXC Technology by 2.4% in the third quarter. Franklin Resources Inc. now owns 63,230 shares of the company's stock valued at $1,272,000 after acquiring an additional 1,502 shares during the last quarter. JPMorgan Chase & Co. grew its position in shares of DXC Technology by 1.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 823,191 shares of the company's stock valued at $17,081,000 after acquiring an additional 10,922 shares during the period. Finally, Range Financial Group LLC purchased a new stake in shares of DXC Technology during the 4th quarter worth approximately $300,000. Hedge funds and other institutional investors own 96.20% of the company's stock.

DXC Technology Stock Performance

DXC traded down $0.07 on Friday, hitting $15.29. The company's stock had a trading volume of 813,558 shares, compared to its average volume of 1,763,118. DXC Technology has a 12 month low of $13.44 and a 12 month high of $24.83. The firm has a market cap of $2.77 billion, a P/E ratio of -36.40, a price-to-earnings-growth ratio of 1.16 and a beta of 1.37. 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 company's 50 day simple moving average is $16.71 and its 200-day simple moving average is $19.53.

DXC Technology (NYSE:DXC - Get Free Report) last posted its quarterly 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 positive return on equity of 20.70% and a negative net margin of 0.57%. Analysts forecast that DXC Technology will post 3.35 EPS for the current year.

Analysts Set New Price Targets

Several equities analysts recently commented on DXC shares. Morgan Stanley upped their price objective on DXC Technology from $20.00 to $22.00 and gave the company an "equal weight" rating in a research note on Friday, January 31st. Susquehanna dropped their price target on DXC Technology from $23.00 to $16.00 and set a "neutral" rating on the stock in a research report on Wednesday. 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 data from MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $20.29.

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).