DXC Technology (NYSE:DXC) Shares Purchased by Wealth Enhancement Advisory Services LLC

Wealth Enhancement Advisory Services LLC grew its holdings in shares of DXC Technology (NYSE:DXC - Free Report) by 116.7% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 33,622 shares of the company's stock after buying an additional 18,103 shares during the quarter. Wealth Enhancement Advisory Services LLC's holdings in DXC Technology were worth $672,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Choreo LLC purchased a new stake in DXC Technology during the fourth quarter worth $629,000. Empowered Funds LLC purchased a new position in DXC Technology in the 4th quarter worth $1,003,000. Newbridge Financial Services Group Inc. raised its stake 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 acquiring an additional 900 shares during the last quarter. New York State Teachers Retirement System grew its position in DXC Technology by 2.7% during the 4th quarter. New York State Teachers Retirement System now owns 219,589 shares of the company's stock worth $4,387,000 after purchasing an additional 5,798 shares during the period. Finally, State of New Jersey Common Pension Fund D grew its position in DXC Technology by 9.4% during the 4th quarter. State of New Jersey Common Pension Fund D now owns 107,155 shares of the company's stock worth $2,141,000 after purchasing an additional 9,249 shares during the period. Institutional investors own 96.20% of the company's stock.

DXC Technology Stock Performance

NYSE DXC traded down $0.30 during trading hours on Friday, hitting $15.56. The company had a trading volume of 1,617,781 shares, compared to its average volume of 1,507,206. 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 company has a market cap of $2.82 billion, a PE ratio of -37.05, a price-to-earnings-growth ratio of 1.16 and a beta of 1.22. The business has a 50 day moving average of $15.33 and a 200-day moving average of $18.21.

DXC Technology (NYSE:DXC - Get Free Report) last announced its 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 business had revenue of $3.17 billion during the quarter, compared to analysts' expectations of $3.13 billion. During the same period in the prior year, the company earned $0.97 earnings per share. The business's revenue was down 6.4% compared to the same quarter last year. As a group, equities research analysts expect that DXC Technology will post 3.35 EPS for the current year.

Wall Street Analysts Forecast Growth

DXC has been the topic of a number of analyst reports. Morgan Stanley dropped their target price on DXC Technology from $22.00 to $16.00 and set an "equal weight" rating on the stock in a research report on Thursday, May 15th. BMO Capital Markets decreased 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 research note on Thursday, May 15th. Wall Street Zen lowered shares of DXC Technology from a "buy" rating to a "hold" rating in a research report on Thursday, May 22nd. Susquehanna cut their target price on DXC Technology from $23.00 to $16.00 and set a "neutral" rating on the stock in a research report on Wednesday, April 23rd. Finally, Royal Bank of Canada cut their target price on DXC Technology from $27.00 to $18.00 and set a "sector perform" rating on the stock in a research report on Thursday, May 15th. One analyst has rated the stock with a sell rating and six have assigned a hold rating to the stock. According to data from MarketBeat.com, the company 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).