GAMMA Investing LLC grew its position in DXC Technology (NYSE:DXC - Free Report) by 2,242.1% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor 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 at the end of the most recent quarter.
Other hedge funds have also made changes to their positions in the company. Meeder Asset Management Inc. purchased a new stake in DXC Technology during the 4th quarter worth about $55,000. Smartleaf Asset Management LLC grew its holdings in shares of DXC Technology by 366.4% during the 4th 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 period. Quarry LP lifted its position in DXC Technology by 604.1% during the 4th 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. Trajan Wealth LLC acquired a new position in DXC Technology during the 4th quarter worth approximately $206,000. Finally, Xponance Inc. acquired a new position in DXC Technology during the 4th quarter worth approximately $213,000. Hedge funds and other institutional investors own 96.20% of the company's stock.
DXC Technology Stock Down 1.9%
NYSE:DXC opened at $15.56 on Monday. The firm has a market capitalization of $2.82 billion, a price-to-earnings ratio of -37.05, a PEG ratio of 1.16 and a beta of 1.22. DXC Technology has a 1-year low of $13.44 and a 1-year high of $24.83. The company has a current ratio of 1.34, a quick ratio of 1.34 and a debt-to-equity ratio of 1.12. The business's fifty day moving average price is $15.33 and its 200 day moving average price is $18.18.
DXC Technology (NYSE:DXC - Get Free Report) last issued its earnings results on Wednesday, May 14th. The company reported $0.84 earnings per share for the quarter, topping the consensus estimate of $0.76 by $0.08. DXC Technology had a positive return on equity of 20.70% and a negative net margin of 0.57%. The company had revenue of $3.17 billion for the quarter, compared to analyst estimates of $3.13 billion. During the same period in the prior year, the firm posted $0.97 EPS. The business's revenue was down 6.4% compared to the same quarter last year. On average, sell-side analysts forecast that DXC Technology will post 3.35 earnings per share for the current fiscal year.
Analyst Ratings Changes
Several equities research analysts have issued reports on DXC shares. Guggenheim restated a "neutral" rating on shares of DXC Technology in a report on Monday, May 12th. Susquehanna reduced their price target on DXC Technology from $23.00 to $16.00 and set a "neutral" rating for the company in a research report on Wednesday, April 23rd. Royal Bank of Canada reduced their price target on DXC Technology from $27.00 to $18.00 and set a "sector perform" rating for the company in a research report on Thursday, May 15th. JPMorgan Chase & Co. cut their price objective on DXC Technology from $22.00 to $18.00 and set an "underweight" rating for the company in a report on Wednesday, May 21st. Finally, BMO Capital Markets cut their price objective 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. One investment analyst has rated the stock with a sell rating and six have assigned a hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $17.00.
Get Our Latest Analysis on DXC Technology
DXC Technology Company Profile
(
Free Report)
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).
Further Reading
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