Choreo LLC Grows Stock Holdings in DXC Technology Company. (NYSE:DXC)

Key Points

• Choreo LLC increased its stake in DXC Technology by 58.5% during the first quarter, bringing its total holdings to 49,751 shares valued at $848,000.
• Multiple institutional investors, including Norges Bank and Deutsche Bank AG, have made significant changes to their stakes in DXC Technology recently, highlighting strong institutional interest with 96.20% of the stock held by such investors.
• Analysts have downgraded their target prices for DXC Technology significantly, with the average target now at $17.00 and several brokerages issuing a "neutral" or "hold" rating.

Choreo LLC lifted its position in shares of DXC Technology Company. (NYSE:DXC - Free Report) by 58.5% during the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 49,751 shares of the company's stock after buying an additional 18,356 shares during the quarter. Choreo LLC's holdings in DXC Technology were worth $848,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. Norges Bank purchased a new stake in DXC Technology in the 4th quarter worth $17,399,000. AQR Capital Management LLC lifted its stake in DXC Technology by 43.8% in the 4th quarter. AQR Capital Management LLC now owns 1,943,649 shares of the company's stock worth $38,834,000 after purchasing an additional 591,841 shares in the last quarter. Deutsche Bank AG lifted its stake in DXC Technology by 99.3% in the 4th quarter. Deutsche Bank AG now owns 1,173,407 shares of the company's stock worth $23,445,000 after purchasing an additional 584,678 shares in the last quarter. Brandywine Global Investment Management LLC purchased a new stake in DXC Technology in the 4th quarter worth $11,078,000. Finally, Dimensional Fund Advisors LP lifted its stake in DXC Technology by 3.8% in the 4th quarter. Dimensional Fund Advisors LP now owns 10,436,557 shares of the company's stock worth $208,524,000 after purchasing an additional 378,338 shares in the last quarter. Hedge funds and other institutional investors own 96.20% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have commented on DXC. Guggenheim reiterated a "neutral" rating on shares of DXC Technology in a research note on Monday, May 12th. Morgan Stanley decreased their price target on shares of DXC Technology from $22.00 to $16.00 and set an "equal weight" rating on the stock in a research note on Thursday, May 15th. Royal Bank Of Canada reduced their target price on shares of DXC Technology from $27.00 to $18.00 and set a "sector perform" rating on the stock in a report on Thursday, May 15th. 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 report on Wednesday, April 23rd. Finally, JPMorgan Chase & Co. reduced their target price on shares of DXC Technology from $22.00 to $18.00 and set an "underweight" rating on the stock in a report on Wednesday, May 21st. One investment analyst has rated the stock with a sell rating, five have given a hold rating and one has given a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $17.00.

DXC Technology Stock Performance

Shares of NYSE:DXC opened at $14.27 on Friday. The company has a market capitalization of $2.59 billion, a price-to-earnings ratio of 6.76 and a beta of 1.20. DXC Technology Company. has a 12 month low of $13.44 and a 12 month high of $24.83. The firm's 50-day moving average is $15.16 and its 200 day moving average is $16.94. 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 (NYSE:DXC - Get Free Report) last issued its quarterly earnings results on Wednesday, May 14th. The company reported $0.84 EPS for the quarter, beating the consensus estimate of $0.76 by $0.08. The company had revenue of $3.17 billion for the quarter, compared to the consensus estimate of $3.13 billion. DXC Technology had a net margin of 3.02% and a return on equity of 19.36%. The firm's revenue was down 6.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.97 EPS. Research analysts predict that DXC Technology Company. will post 3.35 EPS 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).

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