XTX Topco Ltd Takes $1.57 Million Position 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 acquired a new position in shares of DXC Technology Company. (NYSE:DXC - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 92,078 shares of the company's stock, valued at approximately $1,570,000. XTX Topco Ltd owned about 0.05% of DXC Technology as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Norges Bank bought a new position in shares of DXC Technology during the fourth quarter worth approximately $17,399,000. AQR Capital Management LLC increased 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 valued at $38,834,000 after acquiring an additional 591,841 shares during the last quarter. Deutsche Bank AG increased 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 valued at $23,445,000 after acquiring an additional 584,678 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in DXC Technology by 3.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 10,436,557 shares of the company's stock valued at $208,524,000 after acquiring an additional 378,338 shares during the last quarter. Finally, Assenagon Asset Management S.A. increased its stake in DXC Technology by 44.9% in the first quarter. Assenagon Asset Management S.A. now owns 970,166 shares of the company's stock valued at $16,541,000 after acquiring an additional 300,590 shares during the last quarter. 96.20% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on DXC. Guggenheim reissued a "neutral" rating on shares of DXC Technology in a research note on Monday, May 12th. Susquehanna decreased their price objective on shares of DXC Technology from $23.00 to $16.00 and set a "neutral" rating on the stock in a research note on Wednesday, April 23rd. Royal Bank Of Canada decreased their price objective on shares of DXC Technology from $18.00 to $16.00 and set a "sector perform" rating on the stock in a research note on Friday. JPMorgan Chase & Co. decreased their price objective on shares of 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, 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. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and one has given a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $16.40.

DXC Technology Price Performance

Shares of NYSE DXC traded down $0.74 during midday trading on Friday, reaching $12.87. 5,093,415 shares of the company were exchanged, compared to its average volume of 1,673,858. The stock's 50-day moving average price is $15.02 and its 200-day moving average price is $16.72. The stock has a market cap of $2.33 billion, a P/E ratio of 6.25 and a beta of 1.18. DXC Technology Company. has a one year low of $12.24 and a one year high of $24.83. The company has a quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 0.86.

DXC Technology (NYSE:DXC - Get Free Report) last issued its quarterly earnings results on Thursday, July 31st. The company reported $0.68 EPS for the quarter, topping analysts' consensus estimates of $0.64 by $0.04. The company had revenue of $3.16 billion for the quarter, compared to analyst estimates of $3.06 billion. DXC Technology had a net margin of 2.96% and a return on equity of 18.73%. DXC Technology's revenue was down 2.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.74 earnings per share. On average, sell-side analysts anticipate that DXC Technology Company. will post 3.35 earnings per share for the current fiscal year.

About DXC Technology

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).