LSV Asset Management Grows Stock Holdings in DXC Technology (NYSE:DXC)

LSV Asset Management boosted its stake in shares of DXC Technology (NYSE:DXC - Free Report) by 0.9% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 3,382,372 shares of the company's stock after buying an additional 31,263 shares during the period. LSV Asset Management owned approximately 1.87% of DXC Technology worth $67,580,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of DXC. Raymond James Financial Inc. purchased a new stake in shares of DXC Technology in the fourth quarter valued at approximately $3,308,000. Bank of Nova Scotia bought a new stake in shares of DXC Technology in the 4th quarter valued at about $306,000. Cerity Partners LLC increased its holdings in DXC Technology by 47.1% during the fourth quarter. Cerity Partners LLC now owns 57,008 shares of the company's stock valued at $1,160,000 after buying an additional 18,256 shares during the period. Federated Hermes Inc. lifted its holdings in DXC Technology by 1.6% during the fourth quarter. Federated Hermes Inc. now owns 667,653 shares of the company's stock worth $13,340,000 after buying an additional 10,497 shares during the period. Finally, Aster Capital Management DIFC Ltd purchased a new position in shares of DXC Technology in the 4th quarter valued at $385,000. 96.20% of the stock is owned by hedge funds and other institutional investors.

DXC Technology Price Performance

DXC stock traded up $0.13 during midday trading on Tuesday, reaching $14.84. The stock had a trading volume of 1,375,209 shares, compared to its average volume of 1,761,292. DXC Technology has a 52-week low of $13.44 and a 52-week high of $24.83. The company has a market cap of $2.69 billion, a price-to-earnings ratio of -35.34, a price-to-earnings-growth ratio of 1.16 and a beta of 1.37. The company's fifty day simple moving average is $17.78 and its 200 day simple moving average is $19.88. The company has a current ratio of 1.34, a quick ratio of 1.34 and a debt-to-equity ratio of 1.12.

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DXC Technology (NYSE:DXC - Get Free Report) last posted 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 positive return on equity of 20.70% and a negative net margin of 0.57%. As a group, sell-side analysts predict that DXC Technology will post 3.35 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, Morgan Stanley increased 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 given a hold rating to the stock. According to data from MarketBeat, DXC Technology has a consensus rating of "Hold" and a consensus price target of $21.29.

About DXC Technology

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).