Vanguard Group Inc. Buys 270,206 Shares of DXC Technology (NYSE:DXC)

Vanguard Group Inc. grew its stake in shares of DXC Technology (NYSE:DXC - Free Report) by 1.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 23,634,617 shares of the company's stock after buying an additional 270,206 shares during the period. Vanguard Group Inc. owned approximately 13.05% of DXC Technology worth $472,220,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. American Century Companies Inc. raised its position in shares of DXC Technology by 18.5% in the 4th quarter. American Century Companies Inc. now owns 5,816,970 shares of the company's stock valued at $116,223,000 after acquiring an additional 907,004 shares during the period. Assenagon Asset Management S.A. grew its holdings in shares of DXC Technology by 4,893.5% in the 4th quarter. Assenagon Asset Management S.A. now owns 669,576 shares of the company's stock valued at $13,378,000 after buying an additional 656,167 shares during the period. Raymond James Financial Inc. bought a new stake in shares of DXC Technology in the 4th quarter valued at $3,308,000. KBC Group NV raised its stake in DXC Technology by 2,380.1% during the 4th quarter. KBC Group NV now owns 142,505 shares of the company's stock worth $2,847,000 after buying an additional 136,759 shares during the period. Finally, AGF Management Ltd. bought a new position in DXC Technology during the fourth quarter worth about $2,315,000. Institutional investors own 96.20% of the company's stock.

Analysts Set New Price Targets

Separately, Morgan Stanley raised 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, January 31st. One equities research analyst has rated the stock with a sell rating and six have issued a hold rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $21.29.

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DXC Technology Stock Down 9.2 %

DXC stock traded down $1.52 during trading hours on Friday, reaching $14.89. 2,629,098 shares of the stock were exchanged, compared to its average volume of 1,751,440. The company has a market cap of $2.70 billion, a price-to-earnings ratio of -35.46, a PEG ratio of 1.16 and a beta of 1.37. The firm's 50-day moving average is $18.93 and its 200-day moving average is $20.22. DXC Technology has a 12 month low of $14.71 and a 12 month high of $24.83. The company has a debt-to-equity ratio of 1.12, a current ratio of 1.34 and a quick ratio of 1.34.

DXC Technology (NYSE:DXC - Get Free Report) last announced its 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%. On average, equities research analysts expect that DXC Technology will post 3.35 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).