Connor Clark & Lunn Investment Management Ltd. Purchases New Position in DXC Technology Company. $DXC

Connor Clark & Lunn Investment Management Ltd. purchased a new stake in DXC Technology Company. (NYSE:DXC - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 215,234 shares of the company's stock, valued at approximately $3,670,000. Connor Clark & Lunn Investment Management Ltd. owned 0.12% of DXC Technology at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of DXC. Byrne Asset Management LLC bought a new stake in DXC Technology in the 1st quarter valued at $33,000. Wealthquest Corp bought a new stake in shares of DXC Technology in the 1st quarter worth about $49,000. GAMMA Investing LLC grew its holdings in shares of DXC Technology by 37.4% in the 1st quarter. GAMMA Investing LLC now owns 4,507 shares of the company's stock worth $77,000 after purchasing an additional 1,226 shares during the last quarter. Quarry LP grew its holdings in shares of DXC Technology by 604.1% in the 4th quarter. Quarry LP now owns 3,978 shares of the company's stock worth $79,000 after purchasing an additional 3,413 shares during the last quarter. Finally, CHICAGO TRUST Co NA bought a new stake in shares of DXC Technology in the 1st quarter worth about $183,000. Institutional investors own 96.20% of the company's stock.

Analyst Ratings Changes

Several research firms have recently weighed in on DXC. Morgan Stanley lowered their target price on shares of DXC Technology from $16.00 to $15.00 and set an "equal weight" rating on the stock in a report on Friday, August 1st. Wall Street Zen raised shares of DXC Technology from a "hold" rating to a "buy" rating in a report on Sunday, July 20th. BMO Capital Markets lowered their target price on shares of DXC Technology from $26.00 to $17.00 and set a "market perform" rating on the stock in a report on Thursday, May 15th. Susquehanna reduced their price objective on DXC Technology from $23.00 to $16.00 and set a "neutral" rating on the stock in a research note on Wednesday, April 23rd. Finally, Royal Bank Of Canada reduced their price objective on DXC Technology from $18.00 to $16.00 and set a "sector perform" rating on the stock in a research note on Friday, August 1st. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat, DXC Technology presently has a consensus rating of "Hold" and a consensus target price of $16.40.

DXC Technology Price Performance

NYSE:DXC traded up $0.20 during mid-day trading on Monday, reaching $13.91. 431,109 shares of the company were exchanged, compared to its average volume of 1,751,805. DXC Technology Company. has a 12 month low of $12.24 and a 12 month high of $24.83. The company has a fifty day moving average of $14.65 and a 200 day moving average of $16.15. The company has a quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 0.90. The stock has a market cap of $2.49 billion, a PE ratio of 6.75 and a beta of 1.18.

DXC Technology (NYSE:DXC - Get Free Report) last issued its quarterly earnings data on Thursday, July 31st. The company reported $0.68 EPS for the quarter, topping analysts' consensus estimates of $0.64 by $0.04. DXC Technology had a net margin of 2.96% and a return on equity of 18.59%. The firm had revenue of $3.16 billion for the quarter, compared to analyst estimates of $3.06 billion. During the same quarter in the prior year, the firm earned $0.74 EPS. The company's revenue was down 2.4% on a year-over-year basis. On average, research analysts anticipate that DXC Technology Company. will post 3.35 EPS for the current fiscal year.

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).