Cibc World Markets Corp boosted its holdings in shares of DXC Technology (NYSE:DXC – Get Rating) by 109.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 37,632 shares of the company’s stock after purchasing an additional 19,630 shares during the period. Cibc World Markets Corp’s holdings in DXC Technology were worth $997,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also added to or reduced their stakes in the business. Mirae Asset Global Investments Co. Ltd. lifted its stake in DXC Technology by 4.2% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 42,546 shares of the company’s stock valued at $1,127,000 after purchasing an additional 1,722 shares during the last quarter. First Trust Advisors LP raised its holdings in shares of DXC Technology by 9.5% during the fourth quarter. First Trust Advisors LP now owns 832,826 shares of the company’s stock valued at $22,070,000 after acquiring an additional 72,587 shares during the period. Dimensional Fund Advisors LP raised its holdings in shares of DXC Technology by 5.4% during the fourth quarter. Dimensional Fund Advisors LP now owns 5,749,117 shares of the company’s stock valued at $152,353,000 after acquiring an additional 294,897 shares during the period. Clifford Capital Partners LLC raised its holdings in shares of DXC Technology by 28.3% during the fourth quarter. Clifford Capital Partners LLC now owns 501,623 shares of the company’s stock valued at $13,293,000 after acquiring an additional 110,539 shares during the period. Finally, Treasurer of the State of North Carolina raised its holdings in shares of DXC Technology by 1.3% during the fourth quarter. Treasurer of the State of North Carolina now owns 99,848 shares of the company’s stock valued at $2,646,000 after acquiring an additional 1,270 shares during the period. 89.19% of the stock is owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
A number of equities research analysts have recently issued reports on DXC shares. Royal Bank of Canada cut their price target on shares of DXC Technology from $38.00 to $34.00 in a report on Friday. Morgan Stanley cut their price target on shares of DXC Technology from $27.00 to $25.00 in a report on Friday. Stifel Nicolaus dropped their price objective on shares of DXC Technology from $30.00 to $25.00 in a research note on Friday. BMO Capital Markets dropped their price objective on shares of DXC Technology from $33.00 to $27.00 in a research note on Friday. Finally, TheStreet lowered shares of DXC Technology from a “b-” rating to a “c-” rating in a research note on Thursday. One analyst has rated the stock with a sell rating, four have given a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $31.75.
DXC Technology Price Performance
Shares of DXC Technology stock opened at $24.44 on Monday. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.13 and a quick ratio of 1.13. DXC Technology has a fifty-two week low of $22.11 and a fifty-two week high of $36.00. The firm has a fifty day moving average price of $24.02 and a two-hundred day moving average price of $26.64. The company has a market cap of $5.56 billion, a PE ratio of -9.47, a price-to-earnings-growth ratio of 0.78 and a beta of 1.94.
DXC Technology (NYSE:DXC – Get Rating) last released its quarterly earnings data on Thursday, May 18th. The company reported $1.02 EPS for the quarter, hitting analysts’ consensus estimates of $1.02. The company had revenue of $3.59 billion during the quarter, compared to the consensus estimate of $3.62 billion. DXC Technology had a negative net margin of 3.94% and a positive return on equity of 16.23%. The firm’s revenue for the quarter was down 10.4% compared to the same quarter last year. During the same period last year, the firm earned $0.84 EPS. Analysts expect that DXC Technology will post 3.9 EPS for the current year.
DXC Technology Profile
DXC Technology Co provides technology consulting, outsourcing and support services. It operates through the following segments: Global Business Services (GBS) and Global Infrastructure Services (GIS). The GBS segment provides technology solutions that help clients address challenges and accelerate the digital transformations that are tailored to each client’s specific objectives.
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