Millennium Management LLC Has $1.77 Million Position in DXC Technology (NYSE:DXC)

Millennium Management LLC grew its stake in shares of DXC Technology (NYSE:DXC - Free Report) by 195.4% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 88,556 shares of the company's stock after acquiring an additional 58,576 shares during the period. Millennium Management LLC's holdings in DXC Technology were worth $1,769,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of DXC. Brown Lisle Cummings Inc. grew its holdings in shares of DXC Technology by 60.0% during the 4th quarter. Brown Lisle Cummings Inc. now owns 3,200 shares of the company's stock valued at $64,000 after acquiring an additional 1,200 shares in the last quarter. Paragon Capital Management Inc. lifted its stake in shares of DXC Technology by 1.8% in the 4th quarter. Paragon Capital Management Inc. now owns 98,949 shares of the company's stock valued at $1,977,000 after purchasing an additional 1,722 shares during the last quarter. Choreo LLC acquired a new stake in shares of DXC Technology in the 4th quarter valued at $629,000. State of Alaska Department of Revenue lifted its stake in shares of DXC Technology by 86.9% in the 4th quarter. State of Alaska Department of Revenue now owns 192,880 shares of the company's stock valued at $3,853,000 after purchasing an additional 89,698 shares during the last quarter. Finally, Empowered Funds LLC acquired a new stake in shares of DXC Technology in the 4th quarter valued at $1,003,000. 96.20% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

DXC has been the subject of several analyst reports. Wall Street Zen lowered shares of DXC Technology from a "buy" rating to a "hold" rating in a research note on Thursday, May 22nd. Susquehanna reduced their price objective on shares of DXC Technology from $23.00 to $16.00 and set a "neutral" rating for the company in a research note on Wednesday, April 23rd. BMO Capital Markets reduced their price objective on shares of DXC Technology from $26.00 to $17.00 and set a "market perform" rating for the company in a research note on Thursday, May 15th. Royal Bank of Canada reduced their price objective on shares of DXC Technology from $27.00 to $18.00 and set a "sector perform" rating for the company in a research note on Thursday, May 15th. Finally, Morgan Stanley cut their target price on shares of DXC Technology from $22.00 to $16.00 and set an "equal weight" rating for the company in a research report on Thursday, May 15th. One analyst has rated the stock with a sell rating and six have issued a hold rating to the company's stock. According to MarketBeat.com, DXC Technology presently has an average rating of "Hold" and a consensus target price of $17.00.

DXC Technology Stock Performance

DXC Technology stock traded up $0.32 on Friday, reaching $15.81. 1,530,266 shares of the stock were exchanged, compared to its average volume of 1,634,863. The stock has a market cap of $2.87 billion, a PE ratio of -37.64, a PEG ratio of 1.16 and a beta of 1.18. The company has a current ratio of 1.34, a quick ratio of 1.34 and a debt-to-equity ratio of 1.12. DXC Technology has a twelve month low of $13.44 and a twelve month high of $24.83. The firm has a fifty day moving average price of $15.31 and a two-hundred day moving average price of $18.45.

DXC Technology (NYSE:DXC - Get Free Report) last released its 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. The firm had revenue of $3.17 billion during the quarter, compared to analyst estimates of $3.13 billion. DXC Technology had a negative net margin of 0.57% and a positive return on equity of 20.70%. The business's revenue was down 6.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.97 EPS. Sell-side analysts anticipate that DXC Technology will post 3.35 EPS for the current year.

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).