Edgestream Partners L.P. acquired a new position in DXC Technology Company. (NYSE:DXC - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 265,908 shares of the company's stock, valued at approximately $4,534,000. Edgestream Partners L.P. owned approximately 0.15% of DXC Technology at the end of the most recent reporting period.
A number of other institutional investors have also recently made changes to their positions in the business. Treasurer of the State of North Carolina boosted its position in shares of DXC Technology by 0.6% in the 4th 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 in the last quarter. Vident Advisory LLC boosted its position in shares of DXC Technology by 2.5% in the 4th quarter. Vident Advisory LLC now owns 25,279 shares of the company's stock worth $505,000 after purchasing an additional 624 shares in the last quarter. Corient Private Wealth LLC boosted its position in shares of DXC Technology by 2.3% in the 4th quarter. Corient Private Wealth LLC now owns 32,796 shares of the company's stock worth $655,000 after purchasing an additional 740 shares in the last quarter. Covestor Ltd boosted its position in shares of DXC Technology by 3.4% in the 4th quarter. Covestor Ltd now owns 34,764 shares of the company's stock worth $694,000 after purchasing an additional 1,158 shares in the last quarter. Finally, GAMMA Investing LLC boosted its position in shares of DXC Technology by 37.4% in the 1st quarter. GAMMA Investing LLC now owns 4,507 shares of the company's stock worth $77,000 after purchasing an additional 1,226 shares in the last quarter. Institutional investors and hedge funds own 96.20% of the company's stock.
DXC Technology Price Performance
NYSE DXC traded down $0.11 during trading hours on Friday, reaching $14.45. The company's stock had a trading volume of 154,291 shares, compared to its average volume of 1,717,170. The firm has a market capitalization of $2.62 billion, a price-to-earnings ratio of 6.86 and a beta of 1.20. DXC Technology Company. has a 1-year low of $13.44 and a 1-year high of $24.83. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.22 and a quick ratio of 1.22. The company's 50-day moving average is $15.36 and its two-hundred day moving average is $17.19.
DXC Technology (NYSE:DXC - Get Free Report) last released its quarterly earnings results on Wednesday, May 14th. The company reported $0.84 earnings per share for the quarter, topping analysts' consensus estimates of $0.76 by $0.08. DXC Technology had a return on equity of 19.36% and a net margin of 3.02%. The company had revenue of $3.17 billion during the quarter, compared to analysts' expectations of $3.13 billion. During the same quarter in the prior year, the firm posted $0.97 EPS. DXC Technology's quarterly revenue was down 6.4% compared to the same quarter last year. On average, equities analysts predict that DXC Technology Company. will post 3.35 EPS for the current year.
Wall Street Analysts Forecast Growth
DXC has been the subject of a number of research reports. Wall Street Zen cut DXC Technology from a "buy" rating to a "hold" rating in a research report on Saturday, July 12th. JPMorgan Chase & Co. lowered their price target on DXC Technology from $22.00 to $18.00 and set an "underweight" rating for the company in a research report on Wednesday, May 21st. Susquehanna lowered 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 lowered 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. Finally, Guggenheim reiterated a "neutral" rating on shares of DXC Technology in a research note on Monday, May 12th. One research analyst has rated the stock with a sell rating and six have given a hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $17.00.
Check Out Our Latest Analysis on DXC Technology
DXC Technology 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).
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