O Shaughnessy Asset Management LLC Has $8.80 Million Holdings in DXC Technology (NYSE:DXC)

O Shaughnessy Asset Management LLC boosted its position in DXC Technology (NYSE:DXC - Free Report) by 43.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 440,584 shares of the company's stock after acquiring an additional 132,961 shares during the period. O Shaughnessy Asset Management LLC owned 0.24% of DXC Technology worth $8,803,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its stake in shares of DXC Technology by 1.2% in the 4th quarter. Vanguard Group Inc. now owns 23,634,617 shares of the company's stock valued at $472,220,000 after purchasing an additional 270,206 shares during the last quarter. American Century Companies Inc. lifted its holdings in DXC Technology by 18.5% in the fourth 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. boosted its stake in DXC Technology by 3.5% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,930,963 shares of the company's stock valued at $38,581,000 after acquiring an additional 64,867 shares during the last quarter. Principal Financial Group Inc. grew its holdings in DXC Technology by 3.0% during the 4th 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 during the period. Finally, Norges Bank bought a new stake in shares of DXC Technology during the 4th quarter valued at $17,399,000. 96.20% of the stock is currently owned by institutional investors and hedge funds.

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Analyst Ratings Changes

Separately, Morgan Stanley raised their price target on 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 research analyst has rated the stock with a sell rating and six have issued a hold rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $21.29.

DXC Technology Trading Down 9.2 %

NYSE:DXC traded down $1.52 during trading hours on Friday, hitting $14.89. The stock had a trading volume of 2,629,098 shares, compared to its average volume of 1,751,440. The business's 50 day moving average is $18.93 and its 200-day moving average is $20.22. The company has a debt-to-equity ratio of 1.12, a quick ratio of 1.34 and a current ratio of 1.34. The company has a market cap of $2.70 billion, a price-to-earnings ratio of -35.46, a P/E/G ratio of 1.16 and a beta of 1.37. DXC Technology has a one year low of $14.71 and a one year high of $24.83.

DXC Technology (NYSE:DXC - Get Free Report) last released its quarterly earnings data on Tuesday, February 4th. The company reported $0.92 EPS for the quarter, beating analysts' consensus estimates of $0.69 by $0.23. DXC Technology had a negative net margin of 0.57% and a positive return on equity of 20.70%. Sell-side analysts anticipate that DXC Technology will post 3.35 EPS 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).