Royce & Associates LP Increases Position in DXC Technology Company. (NYSE:DXC)

Royce & Associates LP lifted its stake in shares of DXC Technology Company. (NYSE:DXC - Free Report) by 31.6% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 164,230 shares of the company's stock after acquiring an additional 39,417 shares during the quarter. Royce & Associates LP owned 0.09% of DXC Technology worth $2,800,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also modified their holdings of DXC. HighTower Advisors LLC increased its position in shares of DXC Technology by 8.2% during the fourth quarter. HighTower Advisors LLC now owns 18,069 shares of the company's stock worth $361,000 after acquiring an additional 1,370 shares during the period. KLP Kapitalforvaltning AS purchased a new stake in shares of DXC Technology during the fourth quarter worth $981,000. Vanguard Group Inc. increased its position in shares of DXC Technology by 1.2% during the fourth quarter. Vanguard Group Inc. now owns 23,634,617 shares of the company's stock worth $472,220,000 after acquiring an additional 270,206 shares during the period. Prudential Financial Inc. increased its position in shares of DXC Technology by 15.0% during the fourth quarter. Prudential Financial Inc. now owns 230,463 shares of the company's stock worth $4,605,000 after acquiring an additional 29,975 shares during the period. Finally, Mitsubishi UFJ Trust & Banking Corp increased its position in shares of DXC Technology by 25.6% during the fourth quarter. Mitsubishi UFJ Trust & Banking Corp now owns 445,589 shares of the company's stock worth $8,903,000 after acquiring an additional 90,855 shares during the period. Hedge funds and other institutional investors own 96.20% of the company's stock.

DXC Technology Stock Performance

NYSE DXC opened at $14.27 on Monday. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.22 and a quick ratio of 1.22. DXC Technology Company. has a 1 year low of $13.44 and a 1 year high of $24.83. The company has a market capitalization of $2.59 billion, a PE ratio of 6.76 and a beta of 1.20. The company has a fifty day moving average of $15.16 and a two-hundred day moving average of $16.91.

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 (EPS) for the quarter, beating the consensus estimate of $0.76 by $0.08. DXC Technology had a net margin of 3.02% and a return on equity of 19.36%. The company had revenue of $3.17 billion during the quarter, compared to the consensus estimate of $3.13 billion. During the same quarter in the prior year, the firm posted $0.97 earnings per share. DXC Technology's revenue for the quarter was down 6.4% on a year-over-year basis. As a group, analysts expect that DXC Technology Company. will post 3.35 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on DXC shares. Susquehanna cut their price objective on DXC Technology from $23.00 to $16.00 and set a "neutral" rating on the stock in a research report on Wednesday, April 23rd. Morgan Stanley lowered 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 note on Thursday, May 15th. Wall Street Zen upgraded shares of DXC Technology from a "hold" rating to a "buy" rating in a research note on Sunday, July 20th. Guggenheim reiterated a "neutral" rating on shares of DXC Technology in a research note on Monday, May 12th. Finally, BMO Capital Markets lowered their target price 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. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat, DXC Technology currently has an average rating of "Hold" and an average target price of $17.00.

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).

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