DXC Technology (NYSE:DXC) Shares Bought by Alyeska Investment Group L.P.

Alyeska Investment Group L.P. raised its holdings in DXC Technology (NYSE:DXC - Free Report) by 30.8% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 326,586 shares of the company's stock after acquiring an additional 76,836 shares during the period. Alyeska Investment Group L.P. owned approximately 0.18% of DXC Technology worth $6,525,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of DXC. US Bancorp DE lifted its position in DXC Technology by 17.3% during the fourth quarter. US Bancorp DE now owns 13,406 shares of the company's stock worth $268,000 after buying an additional 1,977 shares in the last quarter. Sterling Capital Management LLC increased its stake in shares of DXC Technology by 55.4% in the 4th quarter. Sterling Capital Management LLC now owns 10,748 shares of the company's stock worth $215,000 after acquiring an additional 3,833 shares during the last quarter. Principal Financial Group Inc. raised its holdings in shares of DXC Technology by 3.0% during the 4th quarter. Principal Financial Group Inc. now owns 877,399 shares of the company's stock worth $17,530,000 after acquiring an additional 25,573 shares during the period. Royce & Associates LP raised its holdings in shares of DXC Technology by 35.7% during the 4th quarter. Royce & Associates LP now owns 124,813 shares of the company's stock worth $2,494,000 after acquiring an additional 32,842 shares during the period. Finally, State of Alaska Department of Revenue boosted its position in shares of DXC Technology by 86.9% during the 4th quarter. State of Alaska Department of Revenue now owns 192,880 shares of the company's stock valued at $3,853,000 after acquiring an additional 89,698 shares during the last quarter. 96.20% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

DXC has been the topic of a number of analyst reports. Susquehanna reduced their target price on shares of DXC Technology from $23.00 to $16.00 and set a "neutral" rating on the stock in a research note on Wednesday, April 23rd. Morgan Stanley lifted their price target on shares of DXC Technology from $20.00 to $22.00 and gave the company 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 assigned a hold rating to the company's stock. According to MarketBeat.com, DXC Technology has an average rating of "Hold" and an average price target of $20.29.

DXC Technology Trading Up 2.5 %

Shares of DXC stock traded up $0.39 during trading hours on Friday, hitting $16.25. The company had a trading volume of 1,251,765 shares, compared to its average volume of 1,739,671. 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 capitalization of $2.94 billion, a PE ratio of -38.69, a price-to-earnings-growth ratio of 1.16 and a beta of 1.18. The company's fifty day moving average is $16.08 and its 200 day moving average is $19.21. DXC Technology has a fifty-two week low of $13.44 and a fifty-two week high of $24.83.

DXC Technology (NYSE:DXC - Get Free Report) last released its quarterly earnings results on Tuesday, February 4th. The company reported $0.92 EPS for the quarter, topping 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%. Research analysts expect that DXC Technology will post 3.35 earnings per share for the current fiscal year.

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).