Natixis Advisors L.P. decreased its position in DXC Technology Co (NYSE:DXC) by 36.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 113,955 shares of the company’s stock after selling 65,002 shares during the period. Natixis Advisors L.P.’s holdings in DXC Technology were worth $6,059,000 as of its most recent SEC filing.
Several other institutional investors have also recently bought and sold shares of DXC. Strategic Wealth Partners Ltd. lifted its holdings in shares of DXC Technology by 3,925.0% in the 3rd quarter. Strategic Wealth Partners Ltd. now owns 322 shares of the company’s stock worth $30,000 after acquiring an additional 314 shares during the last quarter. IMS Capital Management acquired a new position in shares of DXC Technology in the 3rd quarter worth approximately $36,000. Benjamin F. Edwards & Company Inc. lifted its holdings in shares of DXC Technology by 148.9% in the 4th quarter. Benjamin F. Edwards & Company Inc. now owns 585 shares of the company’s stock worth $31,000 after acquiring an additional 350 shares during the last quarter. Bruderman Asset Management LLC lifted its holdings in DXC Technology by 1,365.1% during the 4th quarter. Bruderman Asset Management LLC now owns 630 shares of the company’s stock worth $34,000 after buying an additional 587 shares in the last quarter. Finally, Rational Advisors LLC lifted its holdings in DXC Technology by 203.5% during the 4th quarter. Rational Advisors LLC now owns 695 shares of the company’s stock worth $37,000 after buying an additional 466 shares in the last quarter. 84.12% of the stock is owned by institutional investors and hedge funds.
A number of equities research analysts have issued reports on the stock. SunTrust Banks increased their target price on shares of DXC Technology to $72.00 and gave the stock a “hold” rating in a report on Monday, February 11th. Cowen upgraded shares of DXC Technology from a “market perform” rating to an “outperform” rating in a report on Monday, November 26th. BMO Capital Markets reiterated a “buy” rating and set a $85.00 target price on shares of DXC Technology in a report on Monday, January 7th. Zacks Investment Research upgraded shares of DXC Technology from a “hold” rating to a “buy” rating and set a $64.00 target price on the stock in a report on Tuesday, January 8th. Finally, Cantor Fitzgerald reiterated a “hold” rating and set a $70.00 target price on shares of DXC Technology in a report on Monday, January 7th. One analyst has rated the stock with a sell rating, three have given a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company. DXC Technology presently has an average rating of “Buy” and an average price target of $91.42.
Shares of DXC opened at $65.32 on Friday. DXC Technology Co has a twelve month low of $49.19 and a twelve month high of $107.85. The firm has a market capitalization of $17.58 billion, a PE ratio of 8.23, a PEG ratio of 1.20 and a beta of 1.54. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.53.
DXC Technology (NYSE:DXC) last announced its quarterly earnings data on Thursday, February 7th. The company reported $2.23 earnings per share for the quarter, beating the Zacks’ consensus estimate of $2.04 by $0.19. DXC Technology had a net margin of 7.09% and a return on equity of 19.78%. The business had revenue of $5.18 billion for the quarter, compared to analyst estimates of $5.16 billion. During the same period last year, the business earned $1.86 EPS. The company’s revenue was down 5.2% on a year-over-year basis. Equities analysts expect that DXC Technology Co will post 8.24 EPS for the current 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 three segments: Global Business Services (GBS), Global Infrastructure Services (GIS), and United States Public Sector (USPS).
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