Tower Research Capital LLC TRC lifted its stake in DXC Technology (NYSE:DXC) by 666.2% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 5,509 shares of the company’s stock after acquiring an additional 4,790 shares during the quarter. Tower Research Capital LLC TRC’s holdings in DXC Technology were worth $523,000 at the end of the most recent reporting period.
Other hedge funds also recently modified their holdings of the company. Stuart Chaussee & Associates Inc. acquired a new position in shares of DXC Technology in the 4th quarter worth approximately $100,000. Calton & Associates Inc. acquired a new position in shares of DXC Technology in the 4th quarter worth approximately $112,000. Advisory Services Network LLC acquired a new position in shares of DXC Technology in the 2nd quarter worth approximately $101,000. Cerebellum GP LLC acquired a new position in shares of DXC Technology in the 4th quarter worth approximately $130,000. Finally, Patten Group Inc. acquired a new position in shares of DXC Technology in the 3rd quarter worth approximately $320,000. Hedge funds and other institutional investors own 85.61% of the company’s stock.
Several brokerages have recently commented on DXC. Zacks Investment Research lowered shares of DXC Technology from a “buy” rating to a “hold” rating in a report on Friday, February 2nd. Citigroup restated a “buy” rating and issued a $117.00 price objective (up from $107.00) on shares of DXC Technology in a report on Thursday, January 18th. KeyCorp upped their price objective on shares of DXC Technology from $107.00 to $116.00 and gave the stock an “overweight” rating in a report on Tuesday, January 9th. Morgan Stanley upped their price objective on shares of DXC Technology from $104.00 to $114.00 and gave the stock an “overweight” rating in a report on Monday, February 5th. Finally, Barclays upped their price objective on shares of DXC Technology from $108.00 to $113.00 and gave the stock an “overweight” rating in a report on Tuesday, November 21st. Four research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $103.33.
Shares of DXC Technology (NYSE DXC) opened at $100.67 on Wednesday. The stock has a market cap of $28,803.05, a P/E ratio of 32.90, a price-to-earnings-growth ratio of 1.23 and a beta of 0.95. DXC Technology has a fifty-two week low of $67.76 and a fifty-two week high of $102.95. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 0.48.
DXC Technology (NYSE:DXC) last released its earnings results on Thursday, February 8th. The company reported $2.15 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.99 by $0.16. The company had revenue of $6.19 billion for the quarter, compared to analyst estimates of $6.19 billion. DXC Technology had a net margin of 5.18% and a return on equity of 17.97%. The firm’s revenue for the quarter was up 222.7% on a year-over-year basis. equities analysts predict that DXC Technology will post 7.83 earnings per share for the current year.
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DXC Technology Company 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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