Raiffeisen Bank International AG Purchases New Stake in DXC Technology (NYSE:DXC)

Raiffeisen Bank International AG purchased a new stake in DXC Technology (NYSE:DXC - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 24,226 shares of the company's stock, valued at approximately $485,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. American Century Companies Inc. raised its holdings in DXC Technology by 18.5% in the 4th quarter. American Century Companies Inc. now owns 5,816,970 shares of the company's stock valued at $116,223,000 after acquiring an additional 907,004 shares in the last quarter. Norges Bank bought a new stake in shares of DXC Technology during the fourth quarter valued at approximately $17,399,000. Assenagon Asset Management S.A. raised its stake in shares of DXC Technology by 4,893.5% in the fourth quarter. Assenagon Asset Management S.A. now owns 669,576 shares of the company's stock valued at $13,378,000 after purchasing an additional 656,167 shares in the last quarter. AQR Capital Management LLC raised its stake in shares of DXC Technology by 43.8% in the fourth quarter. AQR Capital Management LLC now owns 1,943,649 shares of the company's stock valued at $38,834,000 after purchasing an additional 591,841 shares in the last quarter. Finally, Deutsche Bank AG lifted its position in DXC Technology by 99.3% in the fourth quarter. Deutsche Bank AG now owns 1,173,407 shares of the company's stock worth $23,445,000 after purchasing an additional 584,678 shares during the period. 96.20% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on DXC. BMO Capital Markets lowered their price target on shares of DXC Technology from $26.00 to $17.00 and set a "market perform" rating on the stock in a report on Thursday, May 15th. 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 for the company in a research report on Thursday, May 15th. JPMorgan Chase & Co. decreased their price objective on DXC Technology from $22.00 to $18.00 and set an "underweight" rating on the stock in a report on Wednesday. Guggenheim restated a "neutral" rating on shares of DXC Technology in a research report on Monday, May 12th. Finally, Wall Street Zen lowered DXC Technology from a "buy" rating to a "hold" rating in a research note on Thursday. One analyst has rated the stock with a sell rating and six have issued a hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $17.00.

DXC Technology Price Performance

Shares of NYSE:DXC traded down $0.29 during trading on Friday, reaching $14.88. The stock had a trading volume of 261,208 shares, compared to its average volume of 1,664,253. The stock has a market capitalization of $2.70 billion, a PE ratio of -35.43, a P/E/G ratio of 1.16 and a beta of 1.18. The company has a debt-to-equity ratio of 1.12, a current ratio of 1.34 and a quick ratio of 1.34. DXC Technology has a 52 week low of $13.44 and a 52 week high of $24.83. The business's 50-day moving average price is $15.74 and its 200 day moving average price is $18.93.

DXC Technology (NYSE:DXC - Get Free Report) last issued its quarterly earnings data on Wednesday, May 14th. The company reported $0.84 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.76 by $0.08. The firm had revenue of $3.17 billion during the quarter, compared to the consensus estimate of $3.13 billion. DXC Technology had a positive return on equity of 20.70% and a negative net margin of 0.57%. The business's revenue for the quarter was down 6.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.97 EPS. As a group, equities analysts predict that DXC Technology will post 3.35 earnings per share 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).