Graham Capital Management L.P. Buys 61,516 Shares of DXC Technology (NYSE:DXC)

Graham Capital Management L.P. grew its holdings in DXC Technology (NYSE:DXC - Free Report) by 487.4% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 74,137 shares of the company's stock after acquiring an additional 61,516 shares during the quarter. Graham Capital Management L.P.'s holdings in DXC Technology were worth $1,481,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of the business. Deutsche Bank AG boosted its position in shares of 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 period. Corton Capital Inc. acquired a new position in shares of DXC Technology in the fourth quarter valued at $278,000. Captrust Financial Advisors raised its stake in shares of DXC Technology by 27.4% in the fourth quarter. Captrust Financial Advisors now owns 19,911 shares of the company's stock valued at $398,000 after purchasing an additional 4,279 shares in the last quarter. BNP Paribas Financial Markets raised its stake in shares of DXC Technology by 83.2% in the fourth quarter. BNP Paribas Financial Markets now owns 23,464 shares of the company's stock valued at $469,000 after purchasing an additional 10,657 shares in the last quarter. Finally, Algert Global LLC raised its stake in shares of DXC Technology by 332.8% in the fourth quarter. Algert Global LLC now owns 305,625 shares of the company's stock valued at $6,106,000 after purchasing an additional 235,015 shares in the last quarter. 96.20% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the company. Morgan Stanley cut their target price on DXC Technology from $22.00 to $16.00 and set an "equal weight" rating for the company in a research note on Thursday. BMO Capital Markets cut their target price on DXC Technology from $26.00 to $17.00 and set a "market perform" rating for the company in a research note on Thursday. Guggenheim restated a "neutral" rating on shares of DXC Technology in a research note on Monday, May 12th. Royal Bank of Canada cut their target price on DXC Technology from $27.00 to $18.00 and set a "sector perform" rating for the company in a research note on Thursday. Finally, Susquehanna dropped their price objective on DXC Technology from $23.00 to $16.00 and set a "neutral" rating for the company in a research note on Wednesday, April 23rd. One analyst has rated the stock with a sell rating and seven have given a hold rating to the company's stock. According to MarketBeat.com, DXC Technology has an average rating of "Hold" and a consensus price target of $18.00.

DXC Technology Price Performance

DXC Technology stock traded down $0.77 during mid-day trading on Friday, hitting $15.26. 2,859,203 shares of the company were exchanged, compared to its average volume of 1,744,813. The company has a quick ratio of 1.34, a current ratio of 1.34 and a debt-to-equity ratio of 1.12. The business has a fifty day moving average of $15.90 and a 200 day moving average of $19.07. DXC Technology has a 1-year low of $13.44 and a 1-year high of $24.83. The company has a market capitalization of $2.76 billion, a PE ratio of -36.32, a price-to-earnings-growth ratio of 1.16 and a beta of 1.18.

DXC Technology (NYSE:DXC - Get Free Report) last announced its earnings results on Wednesday, May 14th. The company reported $0.84 earnings per share for the quarter, beating analysts' consensus estimates of $0.76 by $0.08. The company had revenue of $3.17 billion during the quarter, compared to analyst estimates of $3.13 billion. DXC Technology had a positive return on equity of 20.70% and a negative net margin of 0.57%. As a group, sell-side analysts expect that DXC Technology will post 3.35 earnings per share for the current 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).