Barclays PLC Has $1.78 Million Position in DXC Technology (NYSE:DXC)

Barclays PLC increased its holdings in shares of DXC Technology (NYSE:DXC - Free Report) by 273.6% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 85,831 shares of the company's stock after acquiring an additional 62,857 shares during the period. Barclays PLC's holdings in DXC Technology were worth $1,781,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. GAMMA Investing LLC boosted its stake in DXC Technology by 48.7% in the third quarter. GAMMA Investing LLC now owns 3,425 shares of the company's stock worth $71,000 after purchasing an additional 1,122 shares in the last quarter. William B. Walkup & Associates Inc. acquired a new position in DXC Technology during the 2nd quarter worth about $26,000. Benjamin F. Edwards & Company Inc. grew its holdings in DXC Technology by 4.8% during the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 32,800 shares of the company's stock worth $626,000 after acquiring an additional 1,500 shares during the last quarter. Matrix Trust Co acquired a new stake in DXC Technology in the 3rd quarter valued at about $43,000. Finally, Brooktree Capital Management lifted its position in shares of DXC Technology by 2.4% during the third quarter. Brooktree Capital Management now owns 92,751 shares of the company's stock worth $1,925,000 after purchasing an additional 2,150 shares in the last quarter. 96.20% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

DXC has been the subject of a number of research reports. BMO Capital Markets raised their price target on shares of DXC Technology from $22.00 to $25.00 and gave the company a "market perform" rating in a report on Monday, November 11th. Susquehanna lifted their target price on DXC Technology from $19.00 to $23.00 and gave the company a "neutral" rating in a research note on Friday, November 8th. Two equities research analysts have rated the stock with a sell rating and seven have assigned a hold rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and an average target price of $20.89.

DXC Technology Trading Down 5.0 %

Shares of NYSE:DXC traded down $1.02 during midday trading on Friday, hitting $19.50. The company had a trading volume of 1,046,803 shares, compared to its average volume of 953,567. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 1.18. DXC Technology has a 12 month low of $14.78 and a 12 month high of $24.83. The firm has a fifty day simple moving average of $21.27 and a 200 day simple moving average of $20.45. The stock has a market cap of $3.53 billion, a price-to-earnings ratio of 243.78, a PEG ratio of 1.40 and a beta of 1.66.

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

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).