Arrowstreet Capital Limited Partnership Reduces Stock Position in DXC Technology (NYSE:DXC)

Arrowstreet Capital Limited Partnership cut its holdings in shares of DXC Technology (NYSE:DXC - Free Report) by 74.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 92,720 shares of the company's stock after selling 269,633 shares during the quarter. Arrowstreet Capital Limited Partnership owned about 0.05% of DXC Technology worth $1,853,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in the business. Newbridge Financial Services Group Inc. raised its position in shares of DXC Technology by 116.1% in the 4th quarter. Newbridge Financial Services Group Inc. now owns 1,675 shares of the company's stock worth $33,000 after buying an additional 900 shares during the period. Smartleaf Asset Management LLC raised its holdings in shares of DXC Technology by 366.4% in the 4th quarter. Smartleaf Asset Management LLC now owns 2,999 shares of the company's stock worth $60,000 after purchasing an additional 2,356 shares during the period. Brown Lisle Cummings Inc. lifted its stake in shares of DXC Technology by 60.0% in the 4th quarter. Brown Lisle Cummings Inc. now owns 3,200 shares of the company's stock valued at $64,000 after purchasing an additional 1,200 shares in the last quarter. Matrix Trust Co lifted its stake in shares of DXC Technology by 347.2% in the 4th quarter. Matrix Trust Co now owns 9,343 shares of the company's stock valued at $187,000 after purchasing an additional 7,254 shares in the last quarter. Finally, Xponance Inc. purchased a new stake in shares of DXC Technology during the 4th quarter worth about $213,000. 96.20% of the stock is owned by institutional investors and hedge funds.

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DXC Technology Stock Up 0.1 %

Shares of DXC stock traded up $0.01 during trading hours on Tuesday, reaching $14.72. The company had a trading volume of 362,351 shares, compared to its average volume of 1,715,840. The company has a market capitalization of $2.67 billion, a P/E ratio of -35.05, a price-to-earnings-growth ratio of 1.16 and a beta of 1.37. The company has a debt-to-equity ratio of 1.12, a quick ratio of 1.34 and a current ratio of 1.34. DXC Technology has a twelve month low of $13.44 and a twelve month high of $24.83. The stock's fifty day simple moving average is $17.78 and its 200 day simple moving average is $19.88.

DXC Technology (NYSE:DXC - Get Free Report) last issued its quarterly earnings data on Tuesday, February 4th. The company reported $0.92 earnings per share (EPS) for the quarter, beating the consensus estimate 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, sell-side analysts expect that DXC Technology will post 3.35 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Separately, Morgan Stanley lifted their price target on shares of DXC Technology from $20.00 to $22.00 and gave the company an "equal weight" rating in a research report on Friday, January 31st. One 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 stock presently has an average rating of "Hold" and a consensus target price of $21.29.

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).