DXC Technology (NYSE:DXC) Shares Acquired by Twelve Points Wealth Management LLC

Twelve Points Wealth Management LLC raised its position in DXC Technology (NYSE:DXC - Free Report) by 20.9% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 83,467 shares of the company's stock after acquiring an additional 14,445 shares during the quarter. Twelve Points Wealth Management LLC's holdings in DXC Technology were worth $1,668,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of DXC. Mercer Global Advisors Inc. ADV purchased a new stake in DXC Technology during the 2nd quarter valued at approximately $142,000. Squarepoint Ops LLC purchased a new position in DXC Technology during the 2nd quarter valued at approximately $1,274,000. Millennium Management LLC increased its stake in DXC Technology by 352.6% in the 2nd quarter. Millennium Management LLC now owns 625,197 shares of the company's stock worth $11,935,000 after acquiring an additional 487,072 shares during the last quarter. Creative Planning raised its holdings in shares of DXC Technology by 9.7% during the 2nd quarter. Creative Planning now owns 29,993 shares of the company's stock worth $573,000 after acquiring an additional 2,659 shares in the last quarter. Finally, William B. Walkup & Associates Inc. bought a new position in shares of DXC Technology during the 2nd quarter valued at approximately $26,000. 96.20% of the stock is owned by hedge funds and other institutional investors.

DXC Technology Stock Up 1.1 %

Shares of NYSE DXC traded up $0.25 during midday trading on Friday, reaching $21.79. 1,109,129 shares of the company's stock traded hands, compared to its average volume of 757,060. The company has a market cap of $3.94 billion, a price-to-earnings ratio of 272.35, a P/E/G ratio of 1.40 and a beta of 1.66. DXC Technology has a one year low of $14.78 and a one year high of $24.83. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 1.18. The stock's 50 day simple moving average is $21.10 and its 200-day simple moving average is $20.66.

DXC Technology (NYSE:DXC - Get Free Report) last announced its quarterly earnings results on Thursday, November 7th. The company reported $0.93 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.72 by $0.21. DXC Technology had a return on equity of 20.42% and a net margin of 0.18%. The business had revenue of $3.24 billion for the quarter, compared to the consensus estimate of $3.21 billion. During the same period last year, the business posted $0.70 EPS. On average, analysts predict that DXC Technology will post 3.18 EPS for the current fiscal year.

Analysts Set New Price Targets

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

DXC Technology Company 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).