MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Increases Stock Position in DXC Technology (NYSE:DXC)

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in DXC Technology (NYSE:DXC - Free Report) by 12.8% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 368,900 shares of the company's stock after buying an additional 41,838 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned 0.20% of DXC Technology worth $7,371,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also modified their holdings of the company. Newbridge Financial Services Group Inc. raised its position in shares of DXC Technology by 116.1% in the fourth quarter. Newbridge Financial Services Group Inc. now owns 1,675 shares of the company's stock valued at $33,000 after buying an additional 900 shares during the last quarter. Meeder Asset Management Inc. acquired a new stake in shares of DXC Technology in the fourth quarter valued at about $55,000. Smartleaf Asset Management LLC raised its position in shares of DXC Technology by 366.4% in the fourth quarter. Smartleaf Asset Management LLC now owns 2,999 shares of the company's stock valued at $60,000 after buying an additional 2,356 shares during the last quarter. Brown Lisle Cummings Inc. raised its position in shares of DXC Technology by 60.0% in the fourth quarter. Brown Lisle Cummings Inc. now owns 3,200 shares of the company's stock valued at $64,000 after buying an additional 1,200 shares during the last quarter. Finally, Quarry LP raised its position in shares of DXC Technology by 604.1% in the fourth quarter. Quarry LP now owns 3,978 shares of the company's stock valued at $79,000 after buying an additional 3,413 shares during the last quarter. 96.20% of the stock is currently owned by institutional investors and hedge funds.

DXC Technology Trading Down 2.8%

DXC Technology stock traded down $0.42 during midday trading on Friday, hitting $14.75. 1,430,999 shares of the stock were exchanged, compared to its average volume of 1,670,714. DXC Technology has a fifty-two week low of $13.44 and a fifty-two week high of $24.83. The stock has a market capitalization of $2.67 billion, a price-to-earnings ratio of -35.11, a PEG ratio of 1.16 and a beta of 1.18. The stock's 50-day simple moving average is $15.69 and its 200 day simple moving average is $18.89. The company has a current ratio of 1.34, a quick ratio of 1.34 and a debt-to-equity ratio of 1.12.

DXC Technology (NYSE:DXC - Get Free Report) last released 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. The firm had revenue of $3.17 billion during the quarter, compared to analysts' expectations of $3.13 billion. DXC Technology had a negative net margin of 0.57% and a positive return on equity of 20.70%. DXC Technology's revenue was down 6.4% compared to the same quarter last year. During the same period last year, the business earned $0.97 earnings per share. On average, equities analysts anticipate that DXC Technology will post 3.35 EPS for the current year.

Wall Street Analysts Forecast Growth

DXC has been the subject of a number of recent research reports. Wall Street Zen cut shares of DXC Technology from a "buy" rating to a "hold" rating in a research report on Thursday. 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 for the company in a research report on Thursday, May 15th. BMO Capital Markets reduced their target price on shares of DXC Technology from $26.00 to $17.00 and set a "market perform" rating for the company in a research report on Thursday, May 15th. JPMorgan Chase & Co. reduced their target price 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. Finally, Susquehanna cut their price objective on shares of DXC Technology from $23.00 to $16.00 and set a "neutral" rating for the company in a research report on Wednesday, April 23rd. One equities research analyst has rated the stock with a sell rating and six have assigned a hold rating to the stock. According to data from MarketBeat, DXC Technology presently has an average rating of "Hold" and an average target price 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).