59,188 Shares in DXC Technology (NYSE:DXC) Acquired by Virtus Investment Advisers Inc.

Virtus Investment Advisers Inc. purchased a new position in DXC Technology (NYSE:DXC - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 59,188 shares of the company's stock, valued at approximately $1,183,000. DXC Technology makes up about 0.9% of Virtus Investment Advisers Inc.'s holdings, making the stock its 19th largest position.

A number of other institutional investors also recently bought and sold shares of DXC. American Century Companies Inc. raised its stake in DXC Technology by 18.5% in the fourth quarter. American Century Companies Inc. now owns 5,816,970 shares of the company's stock worth $116,223,000 after buying an additional 907,004 shares in the last quarter. Norges Bank bought a new position in DXC Technology in the fourth quarter worth about $17,399,000. Assenagon Asset Management S.A. raised its stake in DXC Technology by 4,893.5% in the fourth quarter. Assenagon Asset Management S.A. now owns 669,576 shares of the company's stock worth $13,378,000 after buying an additional 656,167 shares in the last quarter. AQR Capital Management LLC raised its stake in DXC Technology by 43.8% in the fourth quarter. AQR Capital Management LLC now owns 1,943,649 shares of the company's stock worth $38,834,000 after buying an additional 591,841 shares in the last quarter. Finally, Deutsche Bank AG raised its stake in DXC Technology by 99.3% in the fourth quarter. Deutsche Bank AG now owns 1,173,407 shares of the company's stock worth $23,445,000 after buying an additional 584,678 shares in the last quarter. 96.20% of the stock is owned by institutional investors.

DXC Technology Stock Down 2.8%

DXC traded down $0.42 during midday trading on Friday, reaching $14.75. The company's stock had a trading volume of 1,430,999 shares, compared to its average volume of 1,670,714. The stock's 50-day moving average is $15.69 and its 200-day moving average is $18.89. DXC Technology has a 1 year low of $13.44 and a 1 year high of $24.83. The company has a current ratio of 1.34, a quick ratio of 1.34 and a debt-to-equity ratio of 1.12. The firm has a market capitalization of $2.67 billion, a price-to-earnings ratio of -35.11, a PEG ratio of 1.16 and a beta of 1.18.

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

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the stock. Royal Bank of Canada decreased their price target on shares of 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. BMO Capital Markets cut their price objective 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. Wall Street Zen cut shares of DXC Technology from a "buy" rating to a "hold" rating in a report on Thursday. JPMorgan Chase & Co. cut their price objective on shares of DXC Technology from $22.00 to $18.00 and set an "underweight" rating on the stock in a report on Wednesday. Finally, Susquehanna cut their price objective on shares of DXC Technology from $23.00 to $16.00 and set a "neutral" rating on the stock in a report on Wednesday, April 23rd. One research analyst has rated the stock with a sell rating and six have assigned a hold rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus 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).