2 weeks Ago By ABMN Staff
Alliancebernstein L.P. grew its position in shares of DXC Technology ( NYSE:DXC – Free Report ) by 77.
7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 163,461 shares of the company’s stock after purchasing an additional 71,485 shares during the period. Alliancebernstein L.
P. owned 0.09% of DXC Technology worth $3,266,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also modified their holdings of the company. Barclays PLC grew its stake in DXC Technology by 273.6% in the 3rd quarter.
Barclays PLC now owns 85,831 shares of the company’s stock worth $1,781,000 after acquiring an additional 62,857 shares during the period. M&T Bank Corp grew its position in shares of DXC Technology by 29.3% in the third quarter.
M&T Bank Corp now owns 14,602 shares of the company’s stock valued at $303,000 after purchasing an additional 3,309 shares during the period. Sanctuary Advisors LLC acquired a new position in DXC Technology in the third quarter valued at $258,000. Franklin Resources Inc.
lifted its position in DXC Technology by 2.4% during the third quarter. Franklin Resources Inc.
now owns 63,230 shares of the company’s stock worth $1,272,000 after buying an additional 1,502 shares during the period. Finally, JPMorgan Chase & Co. lifted its position in DXC Technology by 1.
3% during the third quarter. JPMorgan Chase & Co. now owns 823,191 shares of the company’s stock worth $17,081,000 after buying an additional 10,922 shares during the period.
96.20% of the stock is currently owned by hedge funds and other institutional investors. Wall Street Analysts Forecast Growth Separately, Morgan Stanley upped their price objective on shares of DXC Technology from $20.
00 to $22.00 and gave the company an “equal weight” rating in a research note on Friday, January 31st. One research analyst has rated the stock with a sell rating and six have given a hold rating to the company’s stock.
Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $21.29. DXC Technology Stock Performance DXC Technology stock opened at $14.
70 on Tuesday. The company has a market cap of $2.66 billion, a price-to-earnings ratio of -35.
00, a price-to-earnings-growth ratio of 1.16 and a beta of 1.37.
DXC Technology has a 12 month low of $13.44 and a 12 month high of $24.83.
The company has a debt-to-equity ratio of 1.12, a current ratio of 1.34 and a quick ratio of 1.
34. The stock’s 50-day moving average is $17.78 and its 200-day moving average is $19.
88. DXC Technology ( NYSE:DXC – Get Free Report ) last posted its quarterly earnings results on Tuesday, February 4th. The company reported $0.
92 EPS for the quarter, beating the consensus estimate of $0.69 by $0.23.
DXC Technology had a negative net margin of 0.57% and a positive return on equity of 20.70%.
Equities analysts anticipate that DXC Technology will post 3.35 earnings per share for the current year. DXC Technology Profile ( Free Report ) DXC Technology Company, together with its subsidiaries, provides information technology services and solutions in the United States, the United Kingdom, rest of Europe, Australia, and internationally.
It operates in two segments, Global Business Services (GBS) and Global Infrastructure Services (GIS). Read More Want to see what other hedge funds are holding DXC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for DXC Technology ( NYSE:DXC – Free Report ).
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