JPMorgan Chase & Co. Purchases 10,922 Shares of DXC Technology (NYSE:DXC)

JPMorgan Chase & Co. raised its position in shares of DXC Technology (NYSE:DXC) by 1.3% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 823,191 shares of the company’s stock after purchasing an additional 10,922 shares during the quarter. JPMorgan Chase & Co.’s holdings in DXC Technology were worth $17,081,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. William B. Walkup & Associates Inc. bought a new stake in DXC Technology during the second quarter valued at approximately $26,000. Matrix Trust Co purchased a new position in shares of DXC Technology during the 3rd quarter worth $43,000. Prospera Private Wealth LLC bought a new stake in shares of DXC Technology during the 3rd quarter valued at $49,000. GAMMA Investing LLC increased its stake in shares of DXC Technology by 48.7% in the 3rd quarter. GAMMA Investing LLC now owns 3,425 shares of the company’s stock worth $71,000 after purchasing an additional 1,122 shares in the last quarter. Finally, Carolina Wealth Advisors LLC bought a new position in DXC Technology in the 3rd quarter worth $79,000. Hedge funds and other institutional investors own 96.20% of the company’s stock.

Analysts Set New Price Targets

Several analysts have issued reports on DXC shares. BMO Capital Markets boosted their price target on DXC Technology from $22.00 to $25.00 and gave the company a “market perform” rating in a report on Monday, November 11th. Susquehanna boosted their price objective on DXC Technology from $19.00 to $23.00 and gave the company a “neutral” rating in a research note on Friday, November 8th. Two investment analysts have rated the stock with a sell rating and seven have assigned a hold rating to the company. According to MarketBeat, DXC Technology currently has an average rating of “Hold” and a consensus price target of $20.89.

DXC Technology Stock Performance

NYSE:DXC opened at $20.49 on Friday. The stock has a 50-day moving average price of $21.28 and a 200 day moving average price of $20.42. The stock has a market capitalization of $3.71 billion, a P/E ratio of 256.16, a P/E/G ratio of 1.40 and a beta of 1.66. DXC Technology has a 12-month low of $14.78 and a 12-month high of $24.83. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 1.18.

DXC Technology (NYSE:DXC) last announced its quarterly earnings data on Thursday, November 7th. The company reported $0.93 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.72 by $0.21. DXC Technology had a net margin of 0.18% and a return on equity of 20.42%. The business had revenue of $3.24 billion during the quarter, compared to analyst estimates of $3.21 billion. During the same period last year, the firm posted $0.70 EPS. Equities research analysts forecast that DXC Technology will post 3.18 EPS for the current fiscal year.

About DXC Technology

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).