DXC Technology (NYSE:DXC) Shares Acquired by AQR Capital Management LLC

AQR Capital Management LLC raised its position in DXC Technology (NYSE:DXC - Free Report) by 43.8% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 1,943,649 shares of the company's stock after purchasing an additional 591,841 shares during the period. AQR Capital Management LLC owned 1.07% of DXC Technology worth $38,834,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in DXC. American Century Companies Inc. grew its stake in DXC Technology by 18.5% during 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 in the last quarter. Norges Bank acquired a new position in shares of DXC Technology during the 4th quarter worth approximately $17,399,000. Assenagon Asset Management S.A. grew its position in shares of DXC Technology by 4,893.5% in the fourth quarter. Assenagon Asset Management S.A. now owns 669,576 shares of the company's stock valued at $13,378,000 after purchasing an additional 656,167 shares in the last quarter. Brandywine Global Investment Management LLC acquired a new stake in shares of DXC Technology in the fourth quarter valued at approximately $11,078,000. Finally, Dimensional Fund Advisors LP lifted its position in DXC Technology by 3.8% during the fourth quarter. Dimensional Fund Advisors LP now owns 10,436,557 shares of the company's stock worth $208,524,000 after buying an additional 378,338 shares in the last quarter. Institutional investors and hedge funds own 96.20% of the company's stock.

DXC Technology Trading Down 2.1 %

DXC Technology stock traded down $0.34 during trading on Tuesday, hitting $15.55. The company had a trading volume of 1,085,605 shares, compared to its average volume of 1,743,952. The stock has a market cap of $2.81 billion, a price-to-earnings ratio of -37.01, a price-to-earnings-growth ratio of 1.16 and a beta of 1.18. The company has a current ratio of 1.34, a quick ratio of 1.34 and a debt-to-equity ratio of 1.12. DXC Technology has a 1-year low of $13.44 and a 1-year high of $24.83. The company's 50 day simple moving average is $16.27 and its 200-day simple moving average is $19.32.

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

Analyst Upgrades and Downgrades

Several brokerages have issued reports on DXC. Morgan Stanley raised their target price on DXC Technology from $20.00 to $22.00 and gave the stock an "equal weight" rating in a research note on Friday, January 31st. 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. One investment analyst has rated the stock with a sell rating and six have assigned a hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $20.29.

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).