DXC Technology Company. (NYSE:DXC) Shares Purchased by Twelve Points Wealth Management LLC

Twelve Points Wealth Management LLC boosted its stake in shares of DXC Technology Company. (NYSE:DXC - Free Report) by 22.2% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 101,974 shares of the company's stock after acquiring an additional 18,507 shares during the quarter. Twelve Points Wealth Management LLC owned about 0.06% of DXC Technology worth $1,739,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its stake 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 valued at $472,220,000 after buying an additional 270,206 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in shares of DXC Technology by 3.8% during the fourth quarter. Dimensional Fund Advisors LP now owns 10,436,557 shares of the company's stock valued at $208,524,000 after buying an additional 378,338 shares during the last quarter. American Century Companies Inc. grew its stake in shares of DXC Technology by 18.5% during the fourth quarter. American Century Companies Inc. now owns 5,816,970 shares of the company's stock valued at $116,223,000 after buying an additional 907,004 shares during the last quarter. LSV Asset Management grew its stake in shares of DXC Technology by 0.9% during the fourth quarter. LSV Asset Management now owns 3,382,372 shares of the company's stock valued at $67,580,000 after buying an additional 31,263 shares during the last quarter. Finally, AQR Capital Management LLC grew its stake in shares of DXC Technology by 43.8% during the fourth quarter. AQR Capital Management LLC now owns 1,943,649 shares of the company's stock valued at $38,834,000 after buying an additional 591,841 shares during the last quarter. 96.20% of the stock is owned by institutional investors.

DXC Technology Stock Down 2.1%

DXC Technology stock traded down $0.34 during mid-day trading on Wednesday, reaching $15.70. 1,858,217 shares of the company were exchanged, compared to its average volume of 1,490,583. The business has a fifty day moving average of $15.51 and a 200 day moving average of $17.45. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.22 and a current ratio of 1.22. The firm has a market cap of $2.85 billion, a P/E ratio of 7.44, a PEG ratio of 4.11 and a beta of 1.20. DXC Technology Company. has a 12-month low of $13.44 and a 12-month high of $24.83.

DXC Technology (NYSE:DXC - Get Free Report) last released its quarterly earnings results on Wednesday, May 14th. The company reported $0.84 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 business had revenue of $3.17 billion during the quarter, compared to analyst estimates of $3.13 billion. During the same period in the prior year, the firm posted $0.97 earnings per share. The company's quarterly revenue was down 6.4% on a year-over-year basis. Research analysts anticipate that DXC Technology Company. will post 3.35 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on DXC shares. JPMorgan Chase & Co. cut their target price on DXC Technology from $22.00 to $18.00 and set an "underweight" rating on the stock in a research note on Wednesday, May 21st. Wall Street Zen upgraded DXC Technology from a "hold" rating to a "buy" rating in a report on Saturday, June 21st. Royal Bank Of Canada decreased their target price on 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. Morgan Stanley decreased their target price on 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. Finally, Guggenheim reaffirmed a "neutral" rating on shares of DXC Technology in a research report on Monday, May 12th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target 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).