DXC Technology Company. (NYSE:DXC) Stake Raised by GAMMA Investing LLC

GAMMA Investing LLC raised its stake in DXC Technology Company. (NYSE:DXC - Free Report) by 2,242.1% during the first quarter, according to its most recent disclosure with the SEC. The fund owned 76,844 shares of the company's stock after buying an additional 73,563 shares during the quarter. GAMMA Investing LLC's holdings in DXC Technology were worth $1,310,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. grew its holdings in DXC Technology by 1.2% in the 4th quarter. Vanguard Group Inc. now owns 23,634,617 shares of the company's stock worth $472,220,000 after buying an additional 270,206 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in shares of DXC Technology by 3.8% in the fourth 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. American Century Companies Inc. increased its holdings in shares of DXC Technology by 18.5% during the fourth 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 during the period. LSV Asset Management increased its holdings in shares of DXC Technology by 0.9% during the fourth quarter. LSV Asset Management now owns 3,382,372 shares of the company's stock valued at $67,580,000 after purchasing an additional 31,263 shares during the period. Finally, AQR Capital Management LLC raised its stake in shares of DXC Technology by 43.8% during the fourth quarter. AQR Capital Management LLC now owns 1,943,649 shares of the company's stock valued at $38,834,000 after purchasing an additional 591,841 shares in the last quarter. Institutional investors and hedge funds own 96.20% of the company's stock.

DXC Technology Trading Down 5.1%

Shares of DXC Technology stock traded down $0.80 on Thursday, reaching $14.77. 2,438,606 shares of the company were exchanged, compared to its average volume of 1,500,692. DXC Technology Company. has a fifty-two week low of $13.44 and a fifty-two week high of $24.83. The firm has a market capitalization of $2.68 billion, a price-to-earnings ratio of 7.00, a price-to-earnings-growth ratio of 4.10 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. The stock has a fifty day moving average price of $15.35 and a 200-day moving average price of $18.09.

DXC Technology (NYSE:DXC - Get Free Report) last posted its quarterly earnings data on Wednesday, May 14th. The company reported $0.84 earnings per share (EPS) for the quarter, topping 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 the consensus estimate of $3.13 billion. During the same quarter in the previous year, the company earned $0.97 EPS. The business's revenue for the quarter was down 6.4% compared to the same quarter last year. On average, analysts expect that DXC Technology Company. will post 3.35 EPS for the current year.

Analyst Ratings Changes

DXC has been the subject of a number of recent analyst reports. Wall Street Zen lowered shares of DXC Technology from a "buy" rating to a "hold" rating in a research report on Thursday, May 22nd. Susquehanna cut their price objective on DXC Technology from $23.00 to $16.00 and set a "neutral" rating for the company in a report on Wednesday, April 23rd. Morgan Stanley decreased their target price on DXC Technology from $22.00 to $16.00 and set an "equal weight" rating for the company in a research note on Thursday, May 15th. Guggenheim reiterated a "neutral" rating on shares of DXC Technology in a research report on Monday, May 12th. Finally, JPMorgan Chase & Co. reduced their price objective on shares of DXC Technology from $22.00 to $18.00 and set an "underweight" rating for the company in a research report on Wednesday, May 21st. One investment analyst has rated the stock with a sell rating and six have issued a hold rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Hold" and an average 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).