ING Groep NV acquired a new position in DXC Technology Company. (NYSE:DXC - Free Report) in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 66,000 shares of the company's stock, valued at approximately $1,125,000.
Other institutional investors also recently made changes to their positions in the company. Alliancebernstein L.P. boosted its position in DXC Technology by 77.7% during the 4th quarter. Alliancebernstein L.P. now owns 163,461 shares of the company's stock valued at $3,266,000 after buying an additional 71,485 shares during the period. Franklin Resources Inc. raised its stake in shares of DXC Technology by 196.7% during the fourth quarter. Franklin Resources Inc. now owns 187,633 shares of the company's stock valued at $3,749,000 after acquiring an additional 124,403 shares during the last quarter. Federated Hermes Inc. boosted its holdings in shares of DXC Technology by 1.6% during the fourth quarter. Federated Hermes Inc. now owns 667,653 shares of the company's stock worth $13,340,000 after purchasing an additional 10,497 shares during the period. Cerity Partners LLC grew its stake in shares of DXC Technology by 47.1% in the fourth quarter. Cerity Partners LLC now owns 57,008 shares of the company's stock worth $1,160,000 after purchasing an additional 18,256 shares during the last quarter. Finally, Bank of Nova Scotia purchased a new position in DXC Technology during the 4th quarter valued at about $306,000. Hedge funds and other institutional investors own 96.20% of the company's stock.
DXC Technology Stock Down 0.9%
DXC traded down $0.12 during midday trading on Friday, reaching $13.13. The company's stock had a trading volume of 1,311,086 shares, compared to its average volume of 1,983,721. DXC Technology Company. has a 1 year low of $12.24 and a 1 year high of $24.83. The company has a current ratio of 1.22, a quick ratio of 1.22 and a debt-to-equity ratio of 0.90. The firm has a market capitalization of $2.35 billion, a price-to-earnings ratio of 6.37 and a beta of 1.18. The stock's 50-day moving average is $14.83 and its 200-day moving average is $16.49.
DXC Technology (NYSE:DXC - Get Free Report) last issued its earnings results on Thursday, July 31st. The company reported $0.68 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.64 by $0.04. The firm had revenue of $3.16 billion for the quarter, compared to the consensus estimate of $3.06 billion. DXC Technology had a net margin of 2.96% and a return on equity of 18.59%. The business's revenue was down 2.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.74 earnings per share. As a group, research analysts expect that DXC Technology Company. will post 3.35 EPS for the current year.
Analyst Ratings Changes
A number of equities research analysts have recently weighed in on the company. JPMorgan Chase & Co. cut their price objective on DXC Technology from $22.00 to $18.00 and set an "underweight" rating on the stock in a research report on Wednesday, May 21st. Susquehanna decreased their price objective on shares of 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 reduced their price target on shares of DXC Technology from $16.00 to $15.00 and set an "equal weight" rating on the stock in a research report on Friday, August 1st. Royal Bank Of Canada lowered their price objective on shares of DXC Technology from $18.00 to $16.00 and set a "sector perform" rating for the company in a report on Friday, August 1st. Finally, Guggenheim restated a "neutral" rating on shares of DXC Technology in a research report on Monday, May 12th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and one has issued a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $16.40.
View Our Latest Research Report 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).
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