DXC Technology (NYSE:DXC) Shares Purchased by Alliancebernstein L.P.

Alliancebernstein L.P. increased its position in shares of DXC Technology (NYSE:DXC - Free Report) by 77.7% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 163,461 shares of the company's stock after buying an additional 71,485 shares during the period. Alliancebernstein L.P. owned about 0.09% of DXC Technology worth $3,266,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Barclays PLC boosted its holdings in DXC Technology by 273.6% in the third quarter. Barclays PLC now owns 85,831 shares of the company's stock valued at $1,781,000 after purchasing an additional 62,857 shares in the last quarter. M&T Bank Corp grew its position in shares of DXC Technology by 29.3% in the 3rd quarter. M&T Bank Corp now owns 14,602 shares of the company's stock valued at $303,000 after buying an additional 3,309 shares during the last quarter. Sanctuary Advisors LLC purchased a new stake in DXC Technology in the third quarter valued at $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 in the last quarter. Finally, JPMorgan Chase & Co. grew its holdings in shares of DXC Technology by 1.3% during the third quarter. JPMorgan Chase & Co. now owns 823,191 shares of the company's stock worth $17,081,000 after purchasing an additional 10,922 shares during the last quarter. Institutional investors and hedge funds own 96.20% of the company's stock.

Wall Street Analysts Forecast Growth

Separately, Morgan Stanley boosted 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. One equities research analyst has rated the stock with a sell rating and six have assigned a hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $21.29.

DXC Technology Price Performance

NYSE:DXC traded down $0.29 during trading hours on Friday, hitting $14.36. The company's stock had a trading volume of 1,230,711 shares, compared to its average volume of 1,761,424. DXC Technology has a 52-week low of $13.44 and a 52-week high of $24.83. 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 business's 50-day moving average is $17.28 and its two-hundred day moving average is $19.73. The company has a market capitalization of $2.60 billion, a PE ratio of -34.18, a PEG ratio of 1.16 and a beta of 1.37.

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

DXC Technology 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).