Alliancebernstein L.P. decreased its holdings in shares of DXC Technology (NYSE:DXC) by 11.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 485,244 shares of the company’s stock after selling 63,277 shares during the period. Alliancebernstein L.P.’s holdings in DXC Technology were worth $46,050,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also added to or reduced their stakes in DXC. Stuart Chaussee & Associates Inc. acquired a new position in DXC Technology during the fourth quarter worth $100,000. Calton & Associates Inc. acquired a new position in DXC Technology during the fourth quarter worth $112,000. Cerebellum GP LLC purchased a new stake in shares of DXC Technology in the fourth quarter valued at about $130,000. Financial Gravity Companies Inc. purchased a new stake in shares of DXC Technology in the fourth quarter valued at about $130,000. Finally, Citizens Financial Group Inc. RI raised its holdings in shares of DXC Technology by 68.2% in the third quarter. Citizens Financial Group Inc. RI now owns 2,172 shares of the company’s stock valued at $187,000 after purchasing an additional 881 shares during the last quarter. Hedge funds and other institutional investors own 84.84% of the company’s stock.
Shares of DXC Technology (NYSE DXC) opened at $106.04 on Wednesday. DXC Technology has a 1-year low of $67.76 and a 1-year high of $107.60. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 0.48. The stock has a market cap of $30,310.00 and a PE ratio of 34.65.
DXC Technology (NYSE:DXC) last posted its quarterly earnings data on Thursday, February 8th. The company reported $2.15 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.99 by $0.16. DXC Technology had a net margin of 5.18% and a return on equity of 17.97%. The business had revenue of $6.19 billion during the quarter, compared to the consensus estimate of $6.19 billion. The business’s revenue for the quarter was up 222.7% compared to the same quarter last year. analysts forecast that DXC Technology will post 7.83 EPS for the current fiscal year.
Several brokerages have recently commented on DXC. ValuEngine upgraded shares of DXC Technology from a “buy” rating to a “strong-buy” rating in a report on Saturday. BMO Capital Markets reiterated a “buy” rating on shares of DXC Technology in a report on Friday, February 23rd. Cowen reiterated a “hold” rating and issued a $96.00 target price on shares of DXC Technology in a report on Wednesday, January 3rd. SunTrust Banks upgraded shares of DXC Technology from a “hold” rating to a “buy” rating in a report on Wednesday, January 31st. Finally, Citigroup reiterated a “buy” rating and issued a $117.00 target price (up previously from $107.00) on shares of DXC Technology in a report on Thursday, January 18th. Four research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and two have assigned a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $103.33.
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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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