MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in DXC Technology (NYSE:DXC - Free Report) by 12.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 368,900 shares of the company's stock after purchasing an additional 41,838 shares during the quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned about 0.20% of DXC Technology worth $7,371,000 as of its most recent SEC filing.
A number of other large investors also recently made changes to their positions in the company. Newbridge Financial Services Group Inc. increased its position in DXC Technology by 116.1% during the fourth quarter. Newbridge Financial Services Group Inc. now owns 1,675 shares of the company's stock worth $33,000 after acquiring an additional 900 shares during the period. Meeder Asset Management Inc. acquired a new position in shares of DXC Technology during the 4th quarter worth approximately $55,000. Smartleaf Asset Management LLC increased its holdings in shares of DXC Technology by 366.4% during the fourth 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. Brown Lisle Cummings Inc. increased its holdings in shares of DXC Technology by 60.0% during the fourth quarter. Brown Lisle Cummings Inc. now owns 3,200 shares of the company's stock worth $64,000 after purchasing an additional 1,200 shares during the period. 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 in the last quarter. Institutional investors own 96.20% of the company's stock.
Analyst Upgrades and Downgrades
A number of equities research analysts recently issued reports on the company. Morgan Stanley reduced their price target on DXC Technology from $22.00 to $16.00 and set an "equal weight" rating on the stock in a research report on Thursday, May 15th. Wall Street Zen downgraded DXC Technology from a "buy" rating to a "hold" rating in a research report on Thursday. BMO Capital Markets decreased their price target on DXC Technology from $26.00 to $17.00 and set a "market perform" rating on the stock in a research report on Thursday, May 15th. Susquehanna dropped their price target on DXC Technology from $23.00 to $16.00 and set a "neutral" rating for the company in a research note on Wednesday, April 23rd. Finally, Guggenheim reaffirmed a "neutral" rating on shares of DXC Technology in a research report on Monday, May 12th. One investment analyst has rated the stock with a sell rating and six have given a hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $17.00.
Get Our Latest Stock Report on DXC Technology
DXC Technology Price Performance
DXC traded up $0.51 during trading on Thursday, hitting $15.27. 1,122,648 shares of the stock traded hands, compared to its average volume of 1,676,298. The business has a 50 day moving average price of $15.79 and a 200 day moving average price of $18.96. The company has a debt-to-equity ratio of 1.12, a current ratio of 1.34 and a quick ratio of 1.34. DXC Technology has a twelve month low of $13.44 and a twelve month high of $24.83. The company has a market cap of $2.77 billion, a price-to-earnings ratio of -36.45, a PEG ratio of 1.16 and a beta of 1.18.
DXC Technology (NYSE:DXC - Get Free Report) last issued its quarterly earnings results on Wednesday, May 14th. The company reported $0.84 earnings per share (EPS) for the quarter, beating 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 quarter last year, the company posted $0.97 EPS. The company's revenue for the quarter was down 6.4% compared to the same quarter last year. Equities research analysts forecast that DXC Technology will post 3.35 earnings per share for the current fiscal year.
About DXC Technology
(
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).
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