DXC Technology (NYSE:DXC) Shares Acquired by Alliancebernstein L.P.

Alliancebernstein L.P. raised its position in shares of DXC Technology (NYSE:DXC - Free Report) by 77.7% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 163,461 shares of the company's stock after purchasing an additional 71,485 shares during the period. Alliancebernstein L.P. owned about 0.09% of DXC Technology worth $3,266,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. raised its holdings in shares of DXC Technology by 1.2% in the fourth quarter. Vanguard Group Inc. now owns 23,634,617 shares of the company's stock valued at $472,220,000 after acquiring an additional 270,206 shares in the last quarter. American Century Companies Inc. raised its holdings 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 purchasing an additional 907,004 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its position in shares of DXC Technology by 3.5% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,930,963 shares of the company's stock worth $38,581,000 after purchasing an additional 64,867 shares during the period. Principal Financial Group Inc. boosted its stake in shares of DXC Technology by 3.0% during the fourth quarter. Principal Financial Group Inc. now owns 877,399 shares of the company's stock valued at $17,530,000 after purchasing an additional 25,573 shares in the last quarter. Finally, Norges Bank bought a new position in DXC Technology in the fourth quarter worth approximately $17,399,000. Institutional investors own 96.20% of the company's stock.

Analysts Set New Price Targets

Separately, Morgan Stanley lifted their price target on DXC Technology from $20.00 to $22.00 and gave the company an "equal weight" rating in a report on Friday, January 31st. One research analyst has rated the stock with a sell rating and six have given a hold rating to the stock. According to MarketBeat, DXC Technology currently has an average rating of "Hold" and an average price target of $21.29.

DXC Technology Stock Down 1.9 %

DXC traded down $0.29 during trading on Friday, hitting $14.36. The stock had a trading volume of 1,230,711 shares, compared to its average volume of 1,763,237. The stock has a 50 day simple moving average of $17.28 and a two-hundred day simple moving average of $19.73. The company has a market capitalization of $2.60 billion, a PE ratio of -34.18, a PEG ratio of 1.16 and a beta of 1.37. The company has a debt-to-equity ratio of 1.12, a quick ratio of 1.34 and a current ratio of 1.34. DXC Technology has a twelve month low of $13.44 and a twelve month high of $24.83.

DXC Technology (NYSE:DXC - Get Free Report) last announced its earnings results on Tuesday, February 4th. The company reported $0.92 earnings per share 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 predict that DXC Technology will post 3.35 earnings per share for the current year.

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).