KBC Group NV Boosts Holdings in DXC Technology (NYSE:DXC)

KBC Group NV increased its stake in DXC Technology (NYSE:DXC - Free Report) by 2,380.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 142,505 shares of the company's stock after buying an additional 136,759 shares during the quarter. KBC Group NV owned about 0.08% of DXC Technology worth $2,847,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Matrix Trust Co bought a new stake in shares of DXC Technology in the 3rd quarter worth about $43,000. Prospera Private Wealth LLC bought a new stake in DXC Technology in the third quarter worth about $49,000. GAMMA Investing LLC boosted its position in shares of DXC Technology by 48.7% during the third quarter. GAMMA Investing LLC now owns 3,425 shares of the company's stock valued at $71,000 after buying an additional 1,122 shares during the period. Carolina Wealth Advisors LLC bought a new position in shares of DXC Technology during the third quarter valued at approximately $79,000. Finally, Quest Partners LLC purchased a new stake in shares of DXC Technology in the third quarter worth approximately $97,000. 96.20% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the company. Susquehanna boosted their price objective on DXC Technology from $19.00 to $23.00 and gave the company a "neutral" rating in a report on Friday, November 8th. BMO Capital Markets boosted their target price on shares of DXC Technology from $22.00 to $25.00 and gave the company a "market perform" rating in a research note on Monday, November 11th. Finally, Morgan Stanley upped their price target on shares of DXC Technology from $20.00 to $22.00 and gave the stock an "equal weight" rating in a report on Friday. One equities research analyst has rated the stock with a sell rating and seven have assigned a hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $21.38.

DXC Technology Stock Up 2.5 %

Shares of DXC traded up $0.55 during midday trading on Tuesday, reaching $22.56. 2,256,408 shares of the stock were exchanged, compared to its average volume of 974,845. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 1.18. The company's 50 day moving average is $21.09 and its two-hundred day moving average is $20.70. The company has a market capitalization of $4.08 billion, a P/E ratio of 282.01, a PEG ratio of 1.41 and a beta of 1.65. DXC Technology has a 52 week low of $14.78 and a 52 week high of $24.83.

DXC Technology (NYSE:DXC - Get Free Report) last posted its earnings results 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 net margin of 0.18% and a return on equity of 20.42%. On average, sell-side analysts anticipate that DXC Technology will post 3.17 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).