Cerity Partners LLC Acquires 18,256 Shares of DXC Technology (NYSE:DXC)

Cerity Partners LLC raised its position in shares of DXC Technology (NYSE:DXC - Free Report) by 47.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 57,008 shares of the company's stock after acquiring an additional 18,256 shares during the quarter. Cerity Partners LLC's holdings in DXC Technology were worth $1,160,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Vanguard Group Inc. lifted its position in shares of DXC Technology by 1.2% during the 4th quarter. Vanguard Group Inc. now owns 23,634,617 shares of the company's stock valued at $472,220,000 after acquiring an additional 270,206 shares during the period. American Century Companies Inc. grew its stake in shares of DXC Technology by 18.5% in the 4th quarter. American Century Companies Inc. now owns 5,816,970 shares of the company's stock valued at $116,223,000 after buying an additional 907,004 shares during the period. Charles Schwab Investment Management Inc. raised its stake in DXC Technology by 3.5% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,930,963 shares of the company's stock worth $38,581,000 after buying an additional 64,867 shares during the period. Principal Financial Group Inc. boosted its holdings in DXC Technology by 3.0% in the fourth quarter. Principal Financial Group Inc. now owns 877,399 shares of the company's stock worth $17,530,000 after acquiring an additional 25,573 shares in the last quarter. Finally, Norges Bank acquired a new stake in DXC Technology in the fourth quarter valued at approximately $17,399,000. 96.20% of the stock is currently owned by institutional investors and hedge funds.

DXC Technology Stock Up 4.2 %

DXC stock traded up $0.61 during trading on Wednesday, reaching $15.14. The stock had a trading volume of 694,764 shares, compared to its average volume of 1,760,859. DXC Technology has a one year low of $13.44 and a one year high of $24.83. The company's 50 day moving average is $17.04 and its two-hundred day moving average is $19.64. 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 has a market capitalization of $2.74 billion, a price-to-earnings ratio of -35.94, a P/E/G 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 for the quarter, topping 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%. Equities research analysts forecast that DXC Technology will post 3.35 EPS for the current year.

Analysts Set New Price Targets

DXC has been the topic of a number of recent research reports. Susquehanna cut their target price on DXC Technology from $23.00 to $16.00 and set a "neutral" rating on the stock in a report on Wednesday. Morgan Stanley boosted their target price on shares of DXC Technology from $20.00 to $22.00 and gave the stock an "equal weight" rating in a research report on Friday, January 31st. One equities research analyst has rated the stock with a sell rating and six have given a hold rating to the company's stock. Based on data from MarketBeat.com, DXC Technology currently 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).