Twelve Points Wealth Management LLC Boosts Position in DXC Technology Company. (NYSE:DXC)

Twelve Points Wealth Management LLC boosted its position in shares of DXC Technology Company. (NYSE:DXC - Free Report) by 22.2% in the first quarter, according to the company in its most recent Form 13F filing with the 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 0.06% of DXC Technology worth $1,739,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the company. Byrne Asset Management LLC purchased a new stake in shares of DXC Technology in the first quarter worth $33,000. Wealthquest Corp bought a new position in shares of DXC Technology in the first quarter worth about $49,000. Meeder Asset Management Inc. bought a new position in shares of DXC Technology in the fourth quarter worth about $55,000. Smartleaf Asset Management LLC boosted its stake in shares of DXC Technology by 366.4% in the fourth quarter. Smartleaf Asset Management LLC now owns 2,999 shares of the company's stock worth $60,000 after acquiring an additional 2,356 shares during the period. Finally, GAMMA Investing LLC boosted its stake in shares of DXC Technology by 37.4% in the first quarter. GAMMA Investing LLC now owns 4,507 shares of the company's stock worth $77,000 after acquiring an additional 1,226 shares during the period. Hedge funds and other institutional investors own 96.20% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the company. BMO Capital Markets dropped their price objective on 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. Guggenheim reaffirmed a "neutral" rating on shares of DXC Technology in a research note on Monday, May 12th. Wall Street Zen raised DXC Technology from a "hold" rating to a "buy" rating in a research note on Saturday, June 21st. Royal Bank Of Canada dropped their price target on 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 dropped their price target on 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. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and one has given a buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and an average price target of $17.00.

DXC Technology Stock Up 3.0%

Shares of NYSE DXC opened at $16.05 on Wednesday. The company has a current ratio of 1.22, a quick ratio of 1.22 and a debt-to-equity ratio of 0.86. The stock has a market capitalization of $2.91 billion, a PE ratio of 7.61, a price-to-earnings-growth ratio of 4.11 and a beta of 1.20. The stock's fifty day simple moving average is $15.51 and its two-hundred day simple moving average is $17.45. 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 posted its quarterly earnings data 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 analysts' expectations of $3.13 billion. DXC Technology had a return on equity of 19.36% and a net margin of 3.02%. The business's quarterly revenue was down 6.4% on a year-over-year basis. During the same quarter last year, the firm earned $0.97 EPS. As a group, analysts expect that DXC Technology Company. will post 3.35 EPS 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).

Want to see what other hedge funds are holding DXC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for DXC Technology Company. (NYSE:DXC - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.