DXC Technology Company. (NYSE:DXC) Shares Bought by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. grew its holdings in shares of DXC Technology Company. (NYSE:DXC - Free Report) by 44.9% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 970,166 shares of the company's stock after purchasing an additional 300,590 shares during the quarter. Assenagon Asset Management S.A. owned approximately 0.54% of DXC Technology worth $16,541,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in DXC. Meeder Asset Management Inc. bought a new stake in DXC Technology during the fourth quarter valued at about $55,000. Smartleaf Asset Management LLC increased its holdings in shares of DXC Technology by 366.4% in the fourth quarter. Smartleaf Asset Management LLC now owns 2,999 shares of the company's stock worth $60,000 after purchasing an additional 2,356 shares during the last quarter. Quarry LP grew its position in DXC Technology by 604.1% in the fourth quarter. Quarry LP now owns 3,978 shares of the company's stock worth $79,000 after acquiring an additional 3,413 shares in the last quarter. GAMMA Investing LLC grew its position in DXC Technology by 37.4% in the first quarter. GAMMA Investing LLC now owns 4,507 shares of the company's stock worth $77,000 after acquiring an additional 1,226 shares in the last quarter. Finally, Trajan Wealth LLC purchased a new position in shares of DXC Technology during the fourth quarter valued at approximately $206,000. Institutional investors own 96.20% of the company's stock.

DXC Technology Stock Down 2.1%

Shares of DXC stock traded down $0.33 during trading hours on Tuesday, reaching $15.55. 1,794,437 shares of the company's stock were exchanged, compared to its average volume of 1,503,058. The stock's 50 day moving average is $15.37 and its 200-day moving average is $18.11. The company has a market cap of $2.82 billion, a price-to-earnings ratio of 7.37, a P/E/G ratio of 4.19 and a beta of 1.22. The company has a current ratio of 1.22, a quick ratio of 1.22 and a debt-to-equity ratio of 0.86. DXC Technology Company. 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 earnings results on Wednesday, May 14th. The company reported $0.84 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.76 by $0.08. The firm had revenue of $3.17 billion for the quarter, compared to the consensus estimate of $3.13 billion. DXC Technology had a return on equity of 19.36% and a net margin of 3.02%. The firm's revenue was down 6.4% on a year-over-year basis. During the same period in the prior year, the firm earned $0.97 EPS. Analysts predict that DXC Technology Company. will post 3.35 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

DXC has been the subject of several recent analyst reports. Guggenheim restated a "neutral" rating on shares of DXC Technology in a research report on Monday, May 12th. Wall Street Zen lowered DXC Technology from a "buy" rating to a "hold" rating in a research report on Thursday, May 22nd. JPMorgan Chase & Co. lowered their price target on DXC Technology from $22.00 to $18.00 and set an "underweight" rating for the company in a report on Wednesday, May 21st. BMO Capital Markets lowered their price target on DXC Technology from $26.00 to $17.00 and set a "market perform" rating for the company in a report on Thursday, May 15th. Finally, Royal Bank Of Canada lowered their price target on DXC Technology from $27.00 to $18.00 and set a "sector perform" rating for the company in a report on Thursday, May 15th. One investment analyst has rated the stock with a sell rating and six have assigned a hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $17.00.

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).