Raiffeisen Bank International AG Purchases Shares of 24,226 DXC Technology (NYSE:DXC)

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

Several other hedge funds have also modified their holdings of the company. Newbridge Financial Services Group Inc. lifted its position in shares of DXC Technology by 116.1% during the 4th quarter. Newbridge Financial Services Group Inc. now owns 1,675 shares of the company's stock valued at $33,000 after buying an additional 900 shares in the last quarter. Meeder Asset Management Inc. acquired a new stake in DXC Technology during the 4th quarter worth approximately $55,000. Smartleaf Asset Management LLC lifted its holdings in DXC Technology by 366.4% during the 4th quarter. Smartleaf Asset Management LLC now owns 2,999 shares of the company's stock worth $60,000 after buying an additional 2,356 shares in the last quarter. Brown Lisle Cummings Inc. grew its stake in shares of DXC Technology by 60.0% in the fourth quarter. Brown Lisle Cummings Inc. now owns 3,200 shares of the company's stock worth $64,000 after acquiring an additional 1,200 shares in the last quarter. Finally, Quarry LP increased its position in shares of DXC Technology by 604.1% during the fourth quarter. Quarry LP now owns 3,978 shares of the company's stock worth $79,000 after acquiring an additional 3,413 shares during the period. 96.20% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research firms have weighed in on DXC. Royal Bank of Canada cut their price target on DXC Technology from $27.00 to $18.00 and set a "sector perform" rating on the stock in a research note on Thursday, May 15th. BMO Capital Markets cut their target price on DXC Technology from $26.00 to $17.00 and set a "market perform" rating on the stock in a research report on Thursday, May 15th. Wall Street Zen downgraded DXC Technology from a "buy" rating to a "hold" rating in a report on Thursday. JPMorgan Chase & Co. cut their price objective on shares of DXC Technology from $22.00 to $18.00 and set an "underweight" rating on the stock in a report on Wednesday. Finally, Susquehanna lowered their target price 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. One analyst has rated the stock with a sell rating and six have assigned a hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $17.00.

DXC Technology Price Performance

Shares of NYSE:DXC traded up $0.47 on Thursday, reaching $15.23. 1,652,673 shares of the company traded hands, compared to its average volume of 1,680,073. 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 fifty-two week low of $13.44 and a fifty-two week high of $24.83. The stock has a market capitalization of $2.76 billion, a PE ratio of -36.26, a P/E/G ratio of 1.16 and a beta of 1.18. The company's 50 day moving average is $15.79 and its 200-day moving average is $18.96.

DXC Technology (NYSE:DXC - Get Free Report) last issued its quarterly earnings data on Wednesday, May 14th. The company reported $0.84 EPS for the quarter, beating analysts' consensus estimates of $0.76 by $0.08. The business had revenue of $3.17 billion for 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 firm's revenue for the quarter was down 6.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.97 EPS. As a group, analysts anticipate that DXC Technology will post 3.35 earnings per share for the current fiscal year.

DXC Technology 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).