DXC Technology (DXC) Shares Bought by Catalyst Capital Advisors LLC

Catalyst Capital Advisors LLC boosted its stake in DXC Technology (NYSE:DXC) by 5.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 154,164 shares of the company’s stock after purchasing an additional 8,000 shares during the period. DXC Technology makes up approximately 0.5% of Catalyst Capital Advisors LLC’s holdings, making the stock its 28th largest position. Catalyst Capital Advisors LLC owned about 0.05% of DXC Technology worth $14,631,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of DXC. Investec Asset Management LTD grew its position in DXC Technology by 153.8% in the 3rd quarter. Investec Asset Management LTD now owns 3,835,559 shares of the company’s stock worth $329,398,000 after purchasing an additional 2,324,095 shares during the period. JPMorgan Chase & Co. grew its position in shares of DXC Technology by 67.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 4,030,749 shares of the company’s stock valued at $341,768,000 after acquiring an additional 1,619,573 shares during the period. Assenagon Asset Management S.A. bought a new stake in shares of DXC Technology during the 3rd quarter valued at $89,196,000. Janus Henderson Group PLC grew its position in shares of DXC Technology by 27.4% during the 3rd quarter. Janus Henderson Group PLC now owns 3,252,957 shares of the company’s stock valued at $279,377,000 after acquiring an additional 699,026 shares during the period. Finally, Jana Partners LLC grew its position in shares of DXC Technology by 45.1% during the 3rd quarter. Jana Partners LLC now owns 2,085,092 shares of the company’s stock valued at $179,068,000 after acquiring an additional 647,853 shares during the period. 84.62% of the stock is owned by institutional investors and hedge funds.

DXC has been the subject of a number of recent research reports. Zacks Investment Research raised shares of DXC Technology from a “hold” rating to a “buy” rating and set a $102.00 price objective for the company in a research report on Friday, October 20th. Citigroup boosted their price objective on shares of DXC Technology to $107.00 in a research report on Wednesday, November 8th. Barclays boosted their price objective on shares of DXC Technology from $108.00 to $113.00 and gave the company an “overweight” rating in a research report on Tuesday, November 21st. KeyCorp boosted their price objective on shares of DXC Technology from $107.00 to $116.00 and gave the company an “overweight” rating in a research report on Tuesday, January 9th. Finally, Cantor Fitzgerald reissued a “hold” rating and set a $93.00 price objective on shares of DXC Technology in a research report on Wednesday, November 8th. Five analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the stock. DXC Technology has an average rating of “Buy” and an average target price of $102.94.

DXC Technology (DXC) opened at $97.90 on Tuesday. The firm has a market cap of $27,708.87, a price-to-earnings ratio of 14.22, a P/E/G ratio of 1.19 and a beta of 1.04. The company has a quick ratio of 1.00, a current ratio of 0.99 and a debt-to-equity ratio of 0.48. DXC Technology has a 1-year low of $67.76 and a 1-year high of $102.95.

DXC Technology (NYSE:DXC) last issued its earnings results on Thursday, February 8th. The company reported $2.15 earnings per share for the quarter, topping the consensus estimate of $1.99 by $0.16. The company had revenue of $6.19 billion during the quarter, compared to the consensus estimate of $6.19 billion. DXC Technology had a net margin of 5.18% and a return on equity of 17.97%. The company’s quarterly revenue was up 222.7% compared to the same quarter last year. analysts expect that DXC Technology will post 7.74 earnings per share for the current fiscal year.

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DXC Technology Profile

DXC Technology Company, together with its subsidiaries, provides information technology services and solutions primarily in North America, Europe, Asia, and Australia. It operates through two segments, Global Business Services (GBS) and Global Infrastructure Services (GIS). The GBS segment offers technology solutions comprising consulting, applications services, and software.

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Institutional Ownership by Quarter for DXC Technology (NYSE:DXC)

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