First Trust Advisors LP Acquires 150,040 Shares of DXC Technology (NYSE:DXC)

First Trust Advisors LP boosted its stake in DXC Technology (NYSE:DXC - Free Report) by 12.6% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,340,744 shares of the company's stock after purchasing an additional 150,040 shares during the quarter. First Trust Advisors LP owned about 0.74% of DXC Technology worth $26,788,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also bought and sold shares of the company. Newbridge Financial Services Group Inc. grew its position in DXC Technology by 116.1% during the fourth quarter. Newbridge Financial Services Group Inc. now owns 1,675 shares of the company's stock valued at $33,000 after acquiring an additional 900 shares during the last quarter. Meeder Asset Management Inc. bought a new position in DXC Technology during the fourth quarter valued at approximately $55,000. Smartleaf Asset Management LLC grew its holdings in shares of DXC Technology by 366.4% in the fourth 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 last quarter. Brown Lisle Cummings Inc. grew its holdings in shares of DXC Technology by 60.0% in the fourth quarter. Brown Lisle Cummings Inc. now owns 3,200 shares of the company's stock worth $64,000 after purchasing an additional 1,200 shares during the last quarter. Finally, Matrix Trust Co grew its holdings in shares of DXC Technology by 347.2% in the fourth quarter. Matrix Trust Co now owns 9,343 shares of the company's stock worth $187,000 after purchasing an additional 7,254 shares during the last quarter. 96.20% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

DXC has been the topic of several recent analyst reports. Morgan Stanley raised their target price on shares of DXC Technology from $20.00 to $22.00 and gave the stock an "equal weight" rating in a report on Friday, January 31st. Susquehanna cut their target price on shares of DXC Technology from $23.00 to $16.00 and set a "neutral" rating on the stock in a report on Wednesday, April 23rd. One equities research analyst has rated the stock with a sell rating and six have given a hold rating to the company's stock. According to MarketBeat.com, DXC Technology presently has an average rating of "Hold" and a consensus price target of $20.29.

DXC Technology Trading Up 0.4 %

Shares of NYSE DXC traded up $0.07 during midday trading on Tuesday, hitting $15.72. 749,718 shares of the company traded hands, compared to its average volume of 1,757,784. DXC Technology has a 12-month low of $13.44 and a 12-month high of $24.83. The firm has a market cap of $2.85 billion, a P/E ratio of -37.43, a P/E/G ratio of 1.16 and a beta of 1.37. The stock has a 50-day moving average price of $16.62 and a 200 day moving average price of $19.50. 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 (NYSE:DXC - Get Free Report) last released its quarterly earnings results on Tuesday, February 4th. The company reported $0.92 earnings per share (EPS) for the quarter, topping 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, analysts expect that DXC Technology will post 3.35 earnings per share for the current 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).