Voya Investment Management LLC Boosts Stake in DXC Technology (NYSE:DXC)

Voya Investment Management LLC increased its position in DXC Technology (NYSE:DXC - Free Report) by 125.9% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 231,958 shares of the company's stock after buying an additional 129,281 shares during the period. Voya Investment Management LLC owned 0.13% of DXC Technology worth $4,635,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Newbridge Financial Services Group Inc. grew its holdings in shares of DXC Technology by 116.1% in the fourth quarter. Newbridge Financial Services Group Inc. now owns 1,675 shares of the company's stock valued at $33,000 after purchasing an additional 900 shares in the last quarter. Meeder Asset Management Inc. purchased a new position in shares of DXC Technology in the 4th quarter worth $55,000. Smartleaf Asset Management LLC increased its holdings in shares of DXC Technology by 366.4% in the 4th quarter. Smartleaf Asset Management LLC now owns 2,999 shares of the company's stock worth $60,000 after buying an additional 2,356 shares during the last quarter. Brown Lisle Cummings Inc. lifted its holdings in shares of DXC Technology by 60.0% in the 4th quarter. Brown Lisle Cummings Inc. now owns 3,200 shares of the company's stock valued at $64,000 after acquiring an additional 1,200 shares during the last quarter. Finally, Matrix Trust Co grew its position in DXC Technology by 347.2% in the fourth quarter. Matrix Trust Co now owns 9,343 shares of the company's stock worth $187,000 after acquiring an additional 7,254 shares in the last quarter. Hedge funds and other institutional investors own 96.20% of the company's stock.

DXC Technology Trading Up 2.4 %

Shares of DXC Technology stock traded up $0.37 on Friday, hitting $16.06. 815,858 shares of the company traded hands, compared to its average volume of 1,750,423. The company has a current ratio of 1.34, a quick ratio of 1.34 and a debt-to-equity ratio of 1.12. The company has a market cap of $2.91 billion, a PE ratio of -38.24, a PEG ratio of 1.16 and a beta of 1.18. The stock's 50 day moving average price is $16.33 and its 200-day moving average price is $19.37. DXC Technology has a 52 week low of $13.44 and a 52 week high of $24.83.

DXC Technology (NYSE:DXC - Get Free Report) last issued its earnings results on Tuesday, February 4th. The company reported $0.92 earnings per share 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%. Equities research analysts predict that DXC Technology will post 3.35 EPS for the current year.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the company. Morgan Stanley raised their price objective on DXC Technology from $20.00 to $22.00 and gave the company an "equal weight" rating in a research note on Friday, January 31st. Susquehanna lowered their price target on DXC Technology from $23.00 to $16.00 and set a "neutral" rating for the company in a research report on Wednesday, April 23rd. One research analyst has rated the stock with a sell rating and six have given a hold rating to the company. According to MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $20.29.

DXC Technology Company 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).