Victory Capital Management Inc. Boosts Stake in DXC Technology (NYSE:DXC)

Victory Capital Management Inc. lifted its position in DXC Technology (NYSE:DXC - Free Report) by 22.4% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 91,980 shares of the company's stock after buying an additional 16,850 shares during the period. Victory Capital Management Inc. owned approximately 0.05% of DXC Technology worth $1,838,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. US Bancorp DE lifted its holdings in DXC Technology by 17.3% in the fourth quarter. US Bancorp DE now owns 13,406 shares of the company's stock valued at $268,000 after acquiring an additional 1,977 shares during the period. Principal Financial Group Inc. boosted its holdings in shares of DXC Technology by 3.0% in the fourth quarter. Principal Financial Group Inc. now owns 877,399 shares of the company's stock worth $17,530,000 after buying an additional 25,573 shares during the last quarter. State of Alaska Department of Revenue grew its position in DXC Technology by 86.9% during the fourth quarter. State of Alaska Department of Revenue now owns 192,880 shares of the company's stock valued at $3,853,000 after buying an additional 89,698 shares during the period. Barclays PLC grew its position in DXC Technology by 273.6% during the third quarter. Barclays PLC now owns 85,831 shares of the company's stock valued at $1,781,000 after buying an additional 62,857 shares during the period. Finally, Point72 Asset Management L.P. bought a new position in DXC Technology in the third quarter worth approximately $1,438,000. 96.20% of the stock is currently owned by hedge funds and other institutional investors.

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DXC Technology Price Performance

DXC stock traded down $0.68 during trading on Friday, reaching $16.47. The company's stock had a trading volume of 4,069,689 shares, compared to its average volume of 1,671,306. The company has a quick ratio of 1.34, a current ratio of 1.34 and a debt-to-equity ratio of 1.12. The company's fifty day moving average is $19.72 and its 200-day moving average is $20.53. The company has a market capitalization of $2.98 billion, a P/E ratio of -39.21, a price-to-earnings-growth ratio of 1.16 and a beta of 1.62. DXC Technology has a 1 year low of $14.79 and a 1 year high of $24.83.

DXC Technology (NYSE:DXC - Get Free Report) last released its earnings results on Tuesday, February 4th. The company reported $0.92 earnings per share (EPS) 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 Analysts Forecast Growth

Separately, Morgan Stanley upped 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 analyst has rated the stock with a sell rating and six have given a hold rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price 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).