DXC Technology (NYSE:DXC) Holdings Trimmed by Mackenzie Financial Corp

Mackenzie Financial Corp lessened its holdings in shares of DXC Technology (NYSE:DXC - Free Report) by 7.6% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 899,091 shares of the company's stock after selling 73,855 shares during the period. Mackenzie Financial Corp owned 0.50% of DXC Technology worth $17,964,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in shares of DXC Technology by 15.5% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 701,053 shares of the company's stock valued at $14,007,000 after buying an additional 94,105 shares during the last quarter. Voloridge Investment Management LLC increased its position in DXC Technology by 36.4% in the 4th quarter. Voloridge Investment Management LLC now owns 512,341 shares of the company's stock valued at $10,237,000 after acquiring an additional 136,617 shares during the period. Vident Advisory LLC raised its stake in DXC Technology by 2.5% during the 4th quarter. Vident Advisory LLC now owns 25,279 shares of the company's stock valued at $505,000 after acquiring an additional 624 shares in the last quarter. Virtus Fund Advisers LLC acquired a new position in DXC Technology during the 4th quarter worth $1,097,000. Finally, Virtus Investment Advisers Inc. acquired a new position in DXC Technology during the 4th quarter worth $1,183,000. Institutional investors and hedge funds own 96.20% of the company's stock.

DXC Technology Price Performance

Shares of NYSE DXC traded down $0.26 during midday trading on Friday, reaching $15.20. The company's stock had a trading volume of 2,212,999 shares, compared to its average volume of 1,650,045. The company has a market cap of $2.76 billion, a price-to-earnings ratio of -36.19, a price-to-earnings-growth ratio of 1.16 and a beta of 1.18. DXC Technology has a one year low of $13.44 and a one year high of $24.83. The company has a current ratio of 1.34, a quick ratio of 1.34 and a debt-to-equity ratio of 1.12. The company has a 50 day moving average price of $15.50 and a 200 day moving average price of $18.61.

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 for the quarter, topping the consensus estimate of $0.76 by $0.08. The business had revenue of $3.17 billion during the quarter, compared to analyst estimates of $3.13 billion. DXC Technology had a positive return on equity of 20.70% and a negative net margin of 0.57%. The company's revenue was down 6.4% compared to the same quarter last year. During the same period last year, the company posted $0.97 EPS. On average, equities research analysts expect that DXC Technology will post 3.35 EPS for the current year.

Analysts Set New Price Targets

DXC has been the topic of a number of recent analyst reports. Wall Street Zen cut shares of DXC Technology from a "buy" rating to a "hold" rating in a research note on Thursday, May 22nd. Royal Bank of Canada dropped their price target on shares of DXC Technology from $27.00 to $18.00 and set a "sector perform" rating on the stock in a research report on Thursday, May 15th. JPMorgan Chase & Co. decreased their price objective on shares of DXC Technology from $22.00 to $18.00 and set an "underweight" rating for the company in a report on Wednesday, May 21st. Guggenheim reiterated a "neutral" rating on shares of DXC Technology in a research note on Monday, May 12th. Finally, Susquehanna cut their target price 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. One analyst has rated the stock with a sell rating and six have assigned a hold rating to the company. According to MarketBeat, the company presently has an average rating of "Hold" and an average price target 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).