DXC Technology (NYSE:DXC) Shares Purchased by Prudential Financial Inc.

Prudential Financial Inc. raised its holdings in shares of DXC Technology (NYSE:DXC - Free Report) by 15.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 230,463 shares of the company's stock after buying an additional 29,975 shares during the period. Prudential Financial Inc. owned about 0.13% of DXC Technology worth $4,605,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of DXC. Vanguard Group Inc. lifted its holdings in shares of DXC Technology by 1.2% during the 4th quarter. Vanguard Group Inc. now owns 23,634,617 shares of the company's stock valued at $472,220,000 after acquiring an additional 270,206 shares in the last quarter. Fox Run Management L.L.C. purchased a new position in DXC Technology in the fourth quarter valued at about $1,383,000. KLP Kapitalforvaltning AS acquired a new position in shares of DXC Technology during the fourth quarter worth about $981,000. American Century Companies Inc. boosted its position in shares of DXC Technology by 18.5% in the fourth quarter. American Century Companies Inc. now owns 5,816,970 shares of the company's stock worth $116,223,000 after buying an additional 907,004 shares during the period. Finally, Teacher Retirement System of Texas boosted its position in shares of DXC Technology by 13.9% in the fourth quarter. Teacher Retirement System of Texas now owns 92,558 shares of the company's stock worth $1,849,000 after buying an additional 11,289 shares during the period. 96.20% of the stock is owned by institutional investors and hedge funds.

Remove Ads

Analyst Upgrades and Downgrades

Separately, Morgan Stanley raised their target price on DXC Technology from $20.00 to $22.00 and gave the company an "equal weight" rating in a report on Friday, January 31st. One research analyst has rated the stock with a sell rating and six have given a hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $21.29.

DXC Technology Stock Up 1.6 %

DXC traded up $0.28 on Wednesday, reaching $17.62. The company's stock had a trading volume of 1,100,578 shares, compared to its average volume of 1,744,692. DXC Technology has a 1 year low of $14.79 and a 1 year high of $24.83. The business's 50 day moving average is $19.15 and its 200 day moving average is $20.30. The company has a debt-to-equity ratio of 1.12, a current ratio of 1.34 and a quick ratio of 1.34. The stock has a market cap of $3.19 billion, a price-to-earnings ratio of -41.95, a price-to-earnings-growth ratio of 1.16 and a beta of 1.37.

DXC Technology (NYSE:DXC - Get Free Report) last released its earnings results on Tuesday, February 4th. The company reported $0.92 EPS for the quarter, beating 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%. As a group, research analysts forecast that DXC Technology will post 3.35 EPS for the current fiscal 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).