DXC Technology (NYSE:DXC) Shares Purchased by Mitsubishi UFJ Trust & Banking Corp

Mitsubishi UFJ Trust & Banking Corp raised its position in DXC Technology (NYSE:DXC - Free Report) by 25.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 445,589 shares of the company's stock after purchasing an additional 90,855 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp owned 0.25% of DXC Technology worth $8,903,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. EntryPoint Capital LLC acquired a new position in DXC Technology in the 4th quarter valued at about $637,000. Prudential Financial Inc. increased its stake in DXC Technology by 15.0% during the 4th quarter. Prudential Financial Inc. now owns 230,463 shares of the company's stock worth $4,605,000 after buying an additional 29,975 shares during the period. Vanguard Group Inc. lifted its holdings in DXC Technology by 1.2% during the 4th quarter. Vanguard Group Inc. now owns 23,634,617 shares of the company's stock worth $472,220,000 after buying an additional 270,206 shares in the last quarter. Fox Run Management L.L.C. purchased a new position in DXC Technology in the 4th quarter valued at approximately $1,383,000. Finally, KLP Kapitalforvaltning AS acquired a new position in shares of DXC Technology in the fourth quarter worth $981,000. 96.20% of the stock is currently owned by institutional investors and hedge funds.

DXC Technology Stock Down 6.7 %

DXC Technology stock traded down $1.18 during midday trading on Thursday, reaching $16.45. The company's stock had a trading volume of 129,811 shares, compared to its average volume of 1,738,401. The business has a 50-day simple moving average of $19.15 and a 200-day simple moving average of $20.30. The company has a market cap of $2.98 billion, a P/E ratio of -39.17, a P/E/G ratio of 1.16 and a beta of 1.37. DXC Technology has a fifty-two week low of $14.79 and a fifty-two week high of $24.83. The company has a quick ratio of 1.34, a current 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 issued its earnings results on Tuesday, February 4th. The company reported $0.92 earnings per share for the quarter, topping the consensus estimate 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%. On average, research 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 increased their price objective on DXC Technology from $20.00 to $22.00 and gave the company an "equal weight" rating in a research note on Friday, January 31st. One investment analyst has rated the stock with a sell rating and six have issued a hold rating to the company. Based on data from MarketBeat.com, DXC Technology currently 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).