Universal Beteiligungs und Servicegesellschaft mbH Has $4.45 Million Stock Position in DXC Technology Company. (NYSE:DXC)

Key Points

• Universal Beteiligungs und Servicegesellschaft mbH increased its stake in DXC Technology by 47.2%, now owning approximately 260,947 shares worth $4.45 million.
• Several analysts, including JPMorgan and Morgan Stanley, have reduced their price targets for DXC Technology, with the average target now at $17.00 and a consensus rating of "Hold."
• DXC Technology reported earnings of $0.84 per share, exceeding estimates, but experienced a 6.4% decline in quarterly revenue year-over-year.

Universal Beteiligungs und Servicegesellschaft mbH grew its position in DXC Technology Company. (NYSE:DXC - Free Report) by 47.2% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 260,947 shares of the company's stock after purchasing an additional 83,648 shares during the quarter. Universal Beteiligungs und Servicegesellschaft mbH owned about 0.14% of DXC Technology worth $4,449,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the business. Treasurer of the State of North Carolina raised its stake in DXC Technology by 0.6% during the fourth quarter. Treasurer of the State of North Carolina now owns 78,639 shares of the company's stock worth $1,571,000 after purchasing an additional 490 shares during the period. Vident Advisory LLC increased its holdings in shares of DXC Technology by 2.5% during the 4th quarter. Vident Advisory LLC now owns 25,279 shares of the company's stock worth $505,000 after buying an additional 624 shares during the last quarter. Covestor Ltd raised its position in shares of DXC Technology by 3.4% during the 4th quarter. Covestor Ltd now owns 34,764 shares of the company's stock valued at $694,000 after buying an additional 1,158 shares during the period. GAMMA Investing LLC increased its stake in DXC Technology by 37.4% during 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 during the last quarter. Finally, New York State Teachers Retirement System lifted its stake in shares of DXC Technology by 0.6% in the 1st quarter. New York State Teachers Retirement System now owns 220,890 shares of the company's stock valued at $3,766,000 after purchasing an additional 1,301 shares during the last quarter. Hedge funds and other institutional investors own 96.20% of the company's stock.

DXC Technology Stock Down 0.7%

NYSE DXC traded down $0.10 during trading hours on Tuesday, reaching $14.13. 1,825,967 shares of the company traded hands, compared to its average volume of 1,720,450. The company has a 50 day moving average of $15.14 and a two-hundred day moving average of $16.88. DXC Technology Company. has a 12 month low of $13.44 and a 12 month high of $24.83. The stock has a market capitalization of $2.56 billion, a PE ratio of 6.69 and a beta of 1.20. 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 posted its 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. DXC Technology had a return on equity of 19.36% and a net margin of 3.02%. The firm had revenue of $3.17 billion for the quarter, compared to analysts' expectations of $3.13 billion. During the same period last year, the firm earned $0.97 EPS. The firm's revenue was down 6.4% compared to the same quarter last year. As a group, equities analysts expect that DXC Technology Company. will post 3.35 earnings per share for the current year.

Analyst Ratings Changes

DXC has been the subject of a number of research reports. Royal Bank Of Canada dropped their price objective on DXC Technology from $27.00 to $18.00 and set a "sector perform" rating for the company in a research note on Thursday, May 15th. Susquehanna cut their price objective on DXC Technology from $23.00 to $16.00 and set a "neutral" rating on the stock in a research report on Wednesday, April 23rd. Wall Street Zen upgraded DXC Technology from a "hold" rating to a "buy" rating in a research note on Sunday, July 20th. Guggenheim reiterated a "neutral" rating on shares of DXC Technology in a report on Monday, May 12th. Finally, Morgan Stanley lowered their price objective on DXC Technology from $22.00 to $16.00 and set an "equal weight" rating for the company in a research report on Thursday, May 15th. One analyst has rated the stock with a sell rating, five have issued a hold rating and one has given a buy rating to the stock. According to MarketBeat.com, DXC Technology has an average rating of "Hold" and a consensus price target of $17.00.

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).