DXC Technology (NYSE:DXC) Shares Acquired by Franklin Resources Inc.

Franklin Resources Inc. lifted its holdings in shares of DXC Technology (NYSE:DXC - Free Report) by 196.7% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 187,633 shares of the company's stock after purchasing an additional 124,403 shares during the period. Franklin Resources Inc. owned about 0.10% of DXC Technology worth $3,749,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of DXC. US Bancorp DE grew its stake in DXC Technology by 17.3% in the 4th quarter. US Bancorp DE now owns 13,406 shares of the company's stock worth $268,000 after acquiring an additional 1,977 shares during the period. Principal Financial Group Inc. grew its position in shares of DXC Technology by 3.0% in the fourth quarter. Principal Financial Group Inc. now owns 877,399 shares of the company's stock valued at $17,530,000 after purchasing an additional 25,573 shares during the period. Royce & Associates LP increased its stake in DXC Technology by 35.7% in the fourth quarter. Royce & Associates LP now owns 124,813 shares of the company's stock valued at $2,494,000 after purchasing an additional 32,842 shares during the last quarter. State of Alaska Department of Revenue lifted its position in DXC Technology by 86.9% during the fourth quarter. State of Alaska Department of Revenue now owns 192,880 shares of the company's stock worth $3,853,000 after buying an additional 89,698 shares during the period. Finally, Victory Capital Management Inc. lifted its position in DXC Technology by 22.4% during the fourth quarter. Victory Capital Management Inc. now owns 91,980 shares of the company's stock worth $1,838,000 after buying an additional 16,850 shares during the period. Institutional investors and hedge funds own 96.20% of the company's stock.

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Analyst Ratings Changes

Separately, Morgan Stanley increased their price objective 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. One analyst has rated the stock with a sell rating and six have given a hold rating to the company. According to MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $21.29.

DXC Technology Trading Up 0.9 %

NYSE DXC traded up $0.13 during mid-day trading on Tuesday, hitting $14.84. The company's stock had a trading volume of 1,375,209 shares, compared to its average volume of 1,761,292. The company has a debt-to-equity ratio of 1.12, a current ratio of 1.34 and a quick ratio of 1.34. DXC Technology has a 52-week low of $13.44 and a 52-week high of $24.83. The stock's fifty day simple moving average is $17.78 and its two-hundred day simple moving average is $19.88. The firm has a market capitalization of $2.69 billion, a P/E ratio of -35.34, a price-to-earnings-growth 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 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%. Research analysts expect that DXC Technology will post 3.35 EPS 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).