LSV Asset Management Grows Stock Position in DXC Technology Company. (NYSE:DXC)

Key Points

• LSV Asset Management increased its stake in DXC Technology by 22.7%, acquiring an additional 769,026 shares to own a total of 4,151,398 shares, valued at approximately $70.78 million.
• DXC Technology reported $0.68 EPS for the last quarter, exceeding analyst expectations of $0.64, but experienced a revenue decline of 2.4% year-over-year.
• The stock is currently trading at $12.87 after a 5.4% drop, with an average target price set at $16.40 by analysts, showing a range of ratings from "sell" to "buy."

LSV Asset Management boosted its stake in shares of DXC Technology Company. (NYSE:DXC - Free Report) by 22.7% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 4,151,398 shares of the company's stock after purchasing an additional 769,026 shares during the period. LSV Asset Management owned about 2.29% of DXC Technology worth $70,781,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Byrne Asset Management LLC purchased a new position in DXC Technology in the first quarter worth about $33,000. Wealthquest Corp purchased a new stake in shares of DXC Technology in the first quarter worth approximately $49,000. Quarry LP raised its holdings in shares of DXC Technology by 604.1% in the fourth quarter. Quarry LP now owns 3,978 shares of the company's stock worth $79,000 after buying an additional 3,413 shares during the period. GAMMA Investing LLC raised its holdings in shares of DXC Technology by 37.4% in the first quarter. GAMMA Investing LLC now owns 4,507 shares of the company's stock worth $77,000 after buying an additional 1,226 shares during the period. Finally, Trajan Wealth LLC purchased a new stake in shares of DXC Technology in the fourth quarter worth approximately $206,000. 96.20% of the stock is currently owned by hedge funds and other institutional investors.

DXC Technology Stock Performance

DXC traded up $0.15 during midday trading on Thursday, hitting $13.40. 77,602 shares of the company were exchanged, compared to its average volume of 1,757,458. The company's 50 day simple moving average is $14.92 and its 200 day simple moving average is $16.59. The firm has a market capitalization of $2.40 billion, a price-to-earnings ratio of 6.46 and a beta of 1.18. The company has a current ratio of 1.22, a quick ratio of 1.22 and a debt-to-equity ratio of 0.90. DXC Technology Company. has a 1-year low of $12.24 and a 1-year high of $24.83.

DXC Technology (NYSE:DXC - Get Free Report) last posted its earnings results on Thursday, July 31st. The company reported $0.68 EPS for the quarter, beating analysts' consensus estimates of $0.64 by $0.04. DXC Technology had a return on equity of 18.59% and a net margin of 2.96%. The firm had revenue of $3.16 billion for the quarter, compared to analysts' expectations of $3.06 billion. During the same period last year, the firm earned $0.74 EPS. The company's quarterly revenue was down 2.4% on a year-over-year basis. As a group, sell-side analysts predict that DXC Technology Company. will post 3.35 earnings per share for the current year.

Analyst Ratings Changes

DXC has been the subject of a number of research reports. Guggenheim reiterated a "neutral" rating on shares of DXC Technology in a report on Monday, May 12th. Susquehanna lowered their target price on DXC Technology from $23.00 to $16.00 and set a "neutral" rating for the company in a report on Wednesday, April 23rd. JPMorgan Chase & Co. lowered their target price on DXC Technology from $22.00 to $18.00 and set an "underweight" rating for the company in a report on Wednesday, May 21st. Morgan Stanley lowered their target price on DXC Technology from $16.00 to $15.00 and set an "equal weight" rating for the company in a report on Friday, August 1st. Finally, Wall Street Zen upgraded DXC Technology from a "hold" rating to a "buy" rating in a report on Sunday, July 20th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and one has given a buy rating to the company. According to data from MarketBeat, the company has an average rating of "Hold" and a consensus target price of $16.40.

About DXC Technology

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).