Universal Beteiligungs und Servicegesellschaft mbH bought a new position in DXC Technology (NYSE:DXC - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 177,299 shares of the company's stock, valued at approximately $3,542,000. Universal Beteiligungs und Servicegesellschaft mbH owned 0.10% of DXC Technology at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Newbridge Financial Services Group Inc. grew its holdings in DXC Technology by 116.1% in the 4th quarter. Newbridge Financial Services Group Inc. now owns 1,675 shares of the company's stock worth $33,000 after buying an additional 900 shares in the last quarter. Meeder Asset Management Inc. purchased a new stake in shares of DXC Technology during the fourth quarter worth $55,000. Smartleaf Asset Management LLC increased its position in 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 last quarter. Brown Lisle Cummings Inc. increased its position in DXC Technology by 60.0% during the fourth quarter. Brown Lisle Cummings Inc. now owns 3,200 shares of the company's stock worth $64,000 after buying an additional 1,200 shares during the last quarter. Finally, Quarry LP grew its position in shares of DXC Technology by 604.1% in the fourth quarter. Quarry LP now owns 3,978 shares of the company's stock valued at $79,000 after purchasing an additional 3,413 shares during the last quarter. Hedge funds and other institutional investors own 96.20% of the company's stock.
Wall Street Analyst Weigh In
A number of research analysts have recently issued reports on DXC shares. Morgan Stanley cut 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. BMO Capital Markets lowered their target price on shares of DXC Technology from $26.00 to $17.00 and set a "market perform" rating on the stock in a report on Thursday, May 15th. Guggenheim reiterated a "neutral" rating on shares of DXC Technology in a report on Monday, May 12th. Wall Street Zen downgraded shares of DXC Technology from a "buy" rating to a "hold" rating in a research note on Thursday, May 22nd. Finally, 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 report on Wednesday, April 23rd. One equities research analyst has rated the stock with a sell rating and six have issued a hold rating to the company. According to MarketBeat.com, DXC Technology has an average rating of "Hold" and an average target price of $17.00.
Read Our Latest Research Report on DXC Technology
DXC Technology Trading Up 0.4%
DXC stock traded up $0.06 during midday trading on Thursday, reaching $15.51. The company's stock had a trading volume of 1,304,150 shares, compared to its average volume of 1,637,576. The firm has a market capitalization of $2.81 billion, a price-to-earnings ratio of -36.92, a PEG ratio of 1.16 and a beta of 1.18. The company has a debt-to-equity ratio of 1.12, a quick ratio of 1.34 and a current ratio of 1.34. DXC Technology has a 1 year low of $13.44 and a 1 year high of $24.83. The stock has a fifty day simple moving average of $15.34 and a two-hundred day simple moving average of $18.48.
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, beating analysts' consensus estimates of $0.76 by $0.08. DXC Technology had a positive return on equity of 20.70% and a negative net margin of 0.57%. The company had revenue of $3.17 billion during the quarter, compared to the consensus estimate of $3.13 billion. During the same period in the previous year, the company posted $0.97 earnings per share. DXC Technology's revenue for the quarter was down 6.4% on a year-over-year basis. On average, equities research analysts predict that DXC Technology will post 3.35 EPS for the current year.
About DXC Technology
(
Free Report)
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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