DXC Technology (NYSE:DXC) Shares Purchased by Exchange Traded Concepts LLC

Exchange Traded Concepts LLC raised its position in DXC Technology (NYSE:DXC) by 5.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 48,733 shares of the company’s stock after acquiring an additional 2,564 shares during the quarter. Exchange Traded Concepts LLC’s holdings in DXC Technology were worth $974,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Pacer Advisors Inc. grew its position in shares of DXC Technology by 4.7% during the third quarter. Pacer Advisors Inc. now owns 20,140,488 shares of the company’s stock worth $417,915,000 after buying an additional 899,510 shares in the last quarter. Assenagon Asset Management S.A. lifted its stake in DXC Technology by 4,893.5% in the fourth quarter. Assenagon Asset Management S.A. now owns 669,576 shares of the company’s stock worth $13,378,000 after acquiring an additional 656,167 shares during the last quarter. Millennium Management LLC grew its holdings in DXC Technology by 352.6% during the 2nd quarter. Millennium Management LLC now owns 625,197 shares of the company’s stock worth $11,935,000 after acquiring an additional 487,072 shares in the last quarter. Moran Wealth Management LLC purchased a new stake in shares of DXC Technology in the 3rd quarter valued at approximately $2,414,000. Finally, Clifford Capital Partners LLC raised its holdings in shares of DXC Technology by 20.1% in the 2nd quarter. Clifford Capital Partners LLC now owns 688,535 shares of the company’s stock valued at $13,144,000 after purchasing an additional 115,245 shares in the last quarter. 96.20% of the stock is currently owned by hedge funds and other institutional investors.

DXC Technology Trading Up 0.7 %

NYSE:DXC opened at $21.47 on Wednesday. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 1.18. DXC Technology has a 52-week low of $14.78 and a 52-week high of $24.83. The stock’s 50 day moving average price is $21.11 and its 200 day moving average price is $20.62. The company has a market capitalization of $3.89 billion, a PE ratio of 268.40, a P/E/G ratio of 1.34 and a beta of 1.66.

DXC Technology (NYSE:DXC) last issued its quarterly earnings results on Thursday, November 7th. The company reported $0.93 earnings per share for the quarter, topping analysts’ consensus estimates of $0.72 by $0.21. The firm had revenue of $3.24 billion during the quarter, compared to analysts’ expectations of $3.21 billion. DXC Technology had a net margin of 0.18% and a return on equity of 20.42%. During the same quarter in the prior year, the business earned $0.70 EPS. On average, research analysts anticipate that DXC Technology will post 3.18 EPS for the current year.

Analysts Set New Price Targets

DXC has been the subject of a number of analyst reports. Susquehanna boosted their target price on shares of DXC Technology from $19.00 to $23.00 and gave the stock a “neutral” rating in a research note on Friday, November 8th. BMO Capital Markets increased their price objective on DXC Technology from $22.00 to $25.00 and gave the company a “market perform” rating in a report on Monday, November 11th. One investment analyst has rated the stock with a sell rating and seven have given a hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $20.88.

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).