Meadow Creek Investment Management LLC boosted its holdings in DXC Technology (NYSE:DXC) by 28.9% in the fourth quarter, HoldingsChannel reports. The firm owned 66,496 shares of the company’s stock after purchasing an additional 14,896 shares during the period. Meadow Creek Investment Management LLC’s holdings in DXC Technology were worth $6,311,000 at the end of the most recent quarter.
A number of other hedge funds have also modified their holdings of DXC. Stuart Chaussee & Associates Inc. bought a new stake in DXC Technology in the fourth quarter worth approximately $100,000. Calton & Associates Inc. bought a new stake in shares of DXC Technology during the fourth quarter valued at approximately $112,000. Cerebellum GP LLC bought a new stake in shares of DXC Technology during the fourth quarter valued at approximately $130,000. Financial Gravity Companies Inc. bought a new stake in shares of DXC Technology during the fourth quarter valued at approximately $130,000. Finally, Citizens Financial Group Inc. RI increased its holdings in shares of DXC Technology by 68.2% during the third quarter. Citizens Financial Group Inc. RI now owns 2,172 shares of the company’s stock valued at $187,000 after acquiring an additional 881 shares in the last quarter. Institutional investors and hedge funds own 84.84% of the company’s stock.
DXC Technology (NYSE DXC) opened at $104.34 on Thursday. The stock has a market capitalization of $29,810.00 and a P/E ratio of 15.55. 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 has a 1 year low of $67.76 and a 1 year high of $107.60.
DXC Technology (NYSE:DXC) last posted its quarterly earnings data on Thursday, February 8th. The company reported $2.15 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.99 by $0.16. DXC Technology had a return on equity of 17.97% and a net margin of 5.18%. The business had revenue of $6.19 billion for the quarter, compared to analysts’ expectations of $6.19 billion. The company’s quarterly revenue was up 222.7% on a year-over-year basis. research analysts forecast that DXC Technology will post 7.86 EPS for the current year.
DXC has been the subject of several recent research reports. Deutsche Bank boosted their price objective on DXC Technology from $90.00 to $100.00 and gave the company a “hold” rating in a report on Friday, February 9th. Citigroup restated a “buy” rating and set a $117.00 price objective (up previously from $107.00) on shares of DXC Technology in a report on Thursday, January 18th. KeyCorp boosted their price objective on DXC Technology from $107.00 to $116.00 and gave the company an “overweight” rating in a report on Tuesday, January 9th. Barclays boosted their price objective on DXC Technology from $108.00 to $113.00 and gave the company an “overweight” rating in a report on Tuesday, November 21st. Finally, BMO Capital Markets boosted their price objective on DXC Technology from $110.00 to $117.00 and gave the company an “outperform” rating in a report on Friday, February 9th. Four equities research analysts have rated the stock with a hold rating, thirteen have given a buy rating and two have assigned a strong buy rating to the company. DXC Technology has a consensus rating of “Buy” and a consensus price target 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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