Hsbc Holdings PLC Purchases 40,039 Shares of DXC Technology (NYSE:DXC)

Hsbc Holdings PLC grew its holdings in DXC Technology (NYSE:DXC - Free Report) by 65.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 101,068 shares of the company's stock after purchasing an additional 40,039 shares during the quarter. Hsbc Holdings PLC owned about 0.06% of DXC Technology worth $2,022,000 as of its most recent filing with the SEC.

Several other large investors also recently made changes to their positions in DXC. American Century Companies Inc. boosted its holdings 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 valued at $116,223,000 after acquiring an additional 907,004 shares during the last quarter. Norges Bank acquired a new stake in shares of DXC Technology during the 4th quarter worth approximately $17,399,000. Assenagon Asset Management S.A. raised its stake in shares of DXC Technology by 4,893.5% during 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 during the last quarter. Brandywine Global Investment Management LLC acquired a new position in DXC Technology in the fourth quarter valued at approximately $11,078,000. Finally, Dimensional Fund Advisors LP boosted 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. Institutional investors own 96.20% of the company's stock.

DXC Technology Trading Down 2.2 %

Shares of DXC traded down $0.35 during trading hours on Tuesday, reaching $15.54. The stock had a trading volume of 314,190 shares, compared to its average volume of 1,623,844. The company has a market cap of $2.81 billion, a P/E ratio of -36.99, a P/E/G ratio of 1.16 and a beta of 1.18. DXC Technology has a 52 week low of $13.44 and a 52 week high of $24.83. 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 firm has a 50-day moving average of $16.27 and a 200 day moving average of $19.32.

DXC Technology (NYSE:DXC - Get Free Report) last announced its quarterly earnings results on Tuesday, February 4th. The company reported $0.92 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.69 by $0.23. DXC Technology had a positive return on equity of 20.70% and a negative net margin of 0.57%. On average, sell-side analysts expect that DXC Technology will post 3.35 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several brokerages have commented on DXC. Morgan Stanley upped their target price on shares of DXC Technology from $20.00 to $22.00 and gave the company an "equal weight" rating in a research report on Friday, January 31st. Susquehanna decreased 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 investment analyst has rated the stock with a sell rating and six have assigned a hold rating to the company's stock. Based on data from MarketBeat.com, DXC Technology has a consensus rating of "Hold" and an average price target of $20.29.

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).