DXC Technology Company. (NYSE:DXC) Position Increased by Twelve Points Wealth Management LLC

Twelve Points Wealth Management LLC raised its stake in DXC Technology Company. (NYSE:DXC - Free Report) by 22.2% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 101,974 shares of the company's stock after acquiring an additional 18,507 shares during the period. Twelve Points Wealth Management LLC owned 0.06% of DXC Technology worth $1,739,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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

DXC Technology Stock Performance

DXC traded down $0.33 during trading on Thursday, reaching $15.39. 626,675 shares of the company were exchanged, compared to its average volume of 1,723,122. The company has a current ratio of 1.22, a quick ratio of 1.22 and a debt-to-equity ratio of 0.86. DXC Technology Company. has a 52 week low of $13.44 and a 52 week high of $24.83. The firm has a 50 day moving average of $15.52 and a 200 day moving average of $17.43. The stock has a market cap of $2.79 billion, a P/E ratio of 7.29, a PEG ratio of 4.23 and a beta of 1.20.

DXC Technology (NYSE:DXC - Get Free Report) last announced its quarterly earnings results on Wednesday, May 14th. The company reported $0.84 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.76 by $0.08. DXC Technology had a return on equity of 19.36% and a net margin of 3.02%. The company had revenue of $3.17 billion during the quarter, compared to analyst estimates of $3.13 billion. During the same quarter in the previous year, the firm posted $0.97 EPS. The firm's quarterly revenue was down 6.4% on a year-over-year basis. On average, sell-side analysts forecast that DXC Technology Company. will post 3.35 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on DXC shares. Royal Bank Of Canada reduced their price objective 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. Wall Street Zen upgraded shares of DXC Technology from a "hold" rating to a "buy" rating in a research report on Saturday, June 21st. Guggenheim restated a "neutral" rating on shares of DXC Technology in a research report on Monday, May 12th. Morgan Stanley reduced their price objective on shares of 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, Susquehanna reduced their price objective on shares of DXC Technology from $23.00 to $16.00 and set a "neutral" rating for the company in a research report on Wednesday, April 23rd. One research analyst has rated the stock with a sell rating, five have given a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat.com, DXC Technology currently has an average rating of "Hold" and an average price target of $17.00.

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).