XTX Topco Ltd Invests $1.57 Million in DXC Technology Company. (NYSE:DXC)

Key Points

• XTX Topco Ltd acquired a new stake in DXC Technology, purchasing 92,078 shares valued at approximately $1.57 million, representing about 0.05% of the company.
• DXC Technology's stock is currently trading at $13.62, down 0.8%, with a market cap of $2.47 billion and a 52-week high of $24.83.
• Recent earnings reports showed DXC Technology exceeded profit expectations with an EPS of $0.68, although revenue fell 2.4% year-over-year, totaling $3.16 billion.

XTX Topco Ltd bought a new stake in shares of DXC Technology Company. (NYSE:DXC - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 92,078 shares of the company's stock, valued at approximately $1,570,000. XTX Topco Ltd owned 0.05% of DXC Technology at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of the business. Treasurer of the State of North Carolina boosted its holdings in shares of DXC Technology by 0.6% in the 4th quarter. Treasurer of the State of North Carolina now owns 78,639 shares of the company's stock valued at $1,571,000 after buying an additional 490 shares in the last quarter. Vident Advisory LLC increased its stake in DXC Technology by 2.5% during the 4th quarter. Vident Advisory LLC now owns 25,279 shares of the company's stock valued at $505,000 after purchasing an additional 624 shares in the last quarter. Covestor Ltd raised its holdings in shares of DXC Technology by 3.4% in the fourth quarter. Covestor Ltd now owns 34,764 shares of the company's stock worth $694,000 after buying an additional 1,158 shares during the last quarter. GAMMA Investing LLC increased its position in shares of DXC Technology by 37.4% in the 1st quarter. GAMMA Investing LLC now owns 4,507 shares of the company's stock valued at $77,000 after acquiring an additional 1,226 shares during the period. Finally, New York State Teachers Retirement System raised its stake in DXC Technology by 0.6% in the 1st quarter. New York State Teachers Retirement System now owns 220,890 shares of the company's stock worth $3,766,000 after acquiring an additional 1,301 shares during the last quarter. Institutional investors own 96.20% of the company's stock.

DXC Technology Trading Down 0.3%

Shares of NYSE:DXC traded down $0.04 during mid-day trading on Tuesday, reaching $13.30. 1,486,078 shares of the company were exchanged, compared to its average volume of 1,757,622. The firm has a market cap of $2.41 billion, a price-to-earnings ratio of 6.46 and a beta of 1.18. The company has a debt-to-equity ratio of 0.90, a current ratio of 1.22 and a quick ratio of 1.22. DXC Technology Company. has a 1 year low of $12.24 and a 1 year high of $24.83. The firm's 50-day simple moving average is $15.00 and its 200 day simple moving average is $16.64.

DXC Technology (NYSE:DXC - Get Free Report) last posted its quarterly earnings data on Thursday, July 31st. The company reported $0.68 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.64 by $0.04. DXC Technology had a return on equity of 18.59% and a net margin of 2.96%. The firm had revenue of $3.16 billion for the quarter, compared to the consensus estimate of $3.06 billion. During the same quarter in the previous year, the business earned $0.74 EPS. The company's quarterly revenue was down 2.4% compared to the same quarter last year. Equities research analysts forecast that DXC Technology Company. will post 3.35 EPS for the current year.

Analyst Ratings Changes

A number of equities research analysts recently commented on the company. Susquehanna decreased their target price on DXC Technology from $23.00 to $16.00 and set a "neutral" rating for the company in a report on Wednesday, April 23rd. Guggenheim reissued a "neutral" rating on shares of DXC Technology in a report on Monday, May 12th. Royal Bank Of Canada reduced their price objective on DXC Technology from $18.00 to $16.00 and set a "sector perform" rating for the company in a research note on Friday. JPMorgan Chase & Co. lowered their target price on DXC Technology from $22.00 to $18.00 and set an "underweight" rating on the stock in a research note on Wednesday, May 21st. Finally, Wall Street Zen upgraded DXC Technology from a "hold" rating to a "buy" rating in a research report on Sunday, July 20th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and one has issued a buy rating to the company's stock. Based on data from MarketBeat, DXC Technology currently has a consensus rating of "Hold" and an average price target of $16.40.

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).