DXC Technology (NYSE:DXC) Stake Increased by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in shares of DXC Technology (NYSE:DXC - Free Report) by 15.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 701,053 shares of the company's stock after purchasing an additional 94,105 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.39% of DXC Technology worth $14,007,000 as of its most recent filing with the Securities and Exchange Commission.

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

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on DXC. Wall Street Zen cut DXC Technology from a "buy" rating to a "hold" rating in a report on Thursday, May 22nd. BMO Capital Markets reduced their price objective on DXC Technology from $26.00 to $17.00 and set a "market perform" rating on the stock in a research note on Thursday, May 15th. Susquehanna dropped their target price 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. Royal Bank of Canada cut their price target on shares of DXC Technology from $27.00 to $18.00 and set a "sector perform" rating on the stock in a report on Thursday, May 15th. Finally, Guggenheim reiterated a "neutral" rating on shares of DXC Technology in a research note on Monday, May 12th. One research 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 presently has an average rating of "Hold" and an average target price of $17.00.

DXC Technology Stock Up 1.6%

NYSE DXC traded up $0.24 on Tuesday, reaching $15.06. The company had a trading volume of 1,732,771 shares, compared to its average volume of 1,645,076. 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 1 year low of $13.44 and a 1 year high of $24.83. The firm has a 50-day moving average of $15.40 and a 200-day moving average of $18.53. The firm has a market capitalization of $2.73 billion, a PE ratio of -35.86, a P/E/G ratio of 1.16 and a beta of 1.18.

DXC Technology (NYSE:DXC - Get Free Report) last released its quarterly earnings results on Wednesday, May 14th. The company reported $0.84 earnings per share for the quarter, beating analysts' consensus estimates of $0.76 by $0.08. DXC Technology had a negative net margin of 0.57% and a positive return on equity of 20.70%. The business had revenue of $3.17 billion during the quarter, compared to analyst estimates of $3.13 billion. During the same period last year, the business earned $0.97 EPS. The business's revenue was down 6.4% on a year-over-year basis. On average, equities research analysts anticipate that DXC Technology 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).