DXC Technology (NYSE:DXC) Shares Purchased by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. boosted its position in DXC Technology (NYSE:DXC - Free Report) by 3.5% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,930,963 shares of the company's stock after purchasing an additional 64,867 shares during the period. Charles Schwab Investment Management Inc. owned about 1.07% of DXC Technology worth $38,581,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Pacer Advisors Inc. increased its position in shares of DXC Technology by 4.7% in the third quarter. Pacer Advisors Inc. now owns 20,140,488 shares of the company's stock valued at $417,915,000 after buying an additional 899,510 shares in the last quarter. Principal Financial Group Inc. grew its stake in DXC Technology by 3.0% in the 4th quarter. Principal Financial Group Inc. now owns 877,399 shares of the company's stock valued at $17,530,000 after acquiring an additional 25,573 shares during the last quarter. JPMorgan Chase & Co. increased its holdings in 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 in the last quarter. Assenagon Asset Management S.A. increased its holdings in DXC Technology by 4,893.5% during the 4th quarter. Assenagon Asset Management S.A. now owns 669,576 shares of the company's stock valued at $13,378,000 after acquiring an additional 656,167 shares in the last quarter. Finally, Natixis Advisors LLC raised its position in DXC Technology by 22.3% during the third quarter. Natixis Advisors LLC now owns 223,376 shares of the company's stock worth $4,635,000 after acquiring an additional 40,771 shares during the last quarter. 96.20% of the stock is owned by institutional investors and hedge funds.

Remove Ads

DXC Technology Trading Up 1.6 %

Shares of NYSE:DXC traded up $0.28 during trading on Wednesday, reaching $17.63. The stock had a trading volume of 699,306 shares, compared to its average volume of 1,134,979. 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 market cap of $3.19 billion, a P/E ratio of -41.90, a PEG ratio of 1.16 and a beta of 1.62. The business has a fifty day moving average price of $19.84 and a 200-day moving average price of $20.58. DXC Technology has a fifty-two week low of $14.78 and a fifty-two week high of $24.83.

DXC Technology (NYSE:DXC - Get Free Report) last issued its quarterly earnings results on Tuesday, February 4th. The company reported $0.92 earnings per share 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%. As a group, analysts anticipate that DXC Technology will post 3.35 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, Morgan Stanley raised their price objective on shares of DXC Technology from $20.00 to $22.00 and gave the stock an "equal weight" rating in a research note on Friday, January 31st. One investment analyst has rated the stock with a sell rating and seven have issued a hold rating to the company. Based on data from MarketBeat.com, DXC Technology currently has an average rating of "Hold" and a consensus target price of $21.38.

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).