HighTower Advisors LLC Boosts Stock Holdings in DXC Technology (NYSE:DXC)

HighTower Advisors LLC raised its holdings in DXC Technology (NYSE:DXC) by 8.2% during the fourth quarter, Holdings Channel.com reports. The firm owned 18,069 shares of the company’s stock after purchasing an additional 1,370 shares during the quarter. HighTower Advisors LLC’s holdings in DXC Technology were worth $361,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Cerity Partners LLC grew its stake in shares of DXC Technology by 109.7% during the 3rd quarter. Cerity Partners LLC now owns 38,752 shares of the company’s stock worth $804,000 after purchasing an additional 20,269 shares during the period. Benjamin Edwards Inc. purchased a new stake in DXC Technology during the third quarter worth about $664,000. Point72 Asset Management L.P. acquired a new position in DXC Technology during the third quarter worth about $1,438,000. RBF Capital LLC purchased a new position in DXC Technology in the third quarter valued at about $622,000. Finally, XTX Topco Ltd lifted its position in shares of DXC Technology by 294.7% during the 3rd quarter. XTX Topco Ltd now owns 53,686 shares of the company’s stock valued at $1,114,000 after acquiring an additional 40,085 shares during the period. Institutional investors and hedge funds own 96.20% of the company’s stock.

Analyst Ratings Changes

Separately, Morgan Stanley upped their price target on DXC Technology from $20.00 to $22.00 and gave the stock an “equal weight” rating in a report on Friday, January 31st. One investment analyst has rated the stock with a sell rating and six have given a hold rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $21.29.

DXC Technology Stock Down 0.0 %

Shares of NYSE DXC opened at $17.08 on Tuesday. 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 firm’s 50-day moving average is $19.28 and its two-hundred day moving average is $20.35. DXC Technology has a 12-month low of $14.79 and a 12-month high of $24.83. The company has a market capitalization of $3.09 billion, a PE ratio of -40.66, a price-to-earnings-growth ratio of 1.16 and a beta of 1.62.

DXC Technology (NYSE:DXC) last announced its earnings results on Tuesday, February 4th. The company reported $0.92 EPS for the quarter, beating analysts’ consensus estimates of $0.69 by $0.23. DXC Technology had a positive return on equity of 20.70% and a negative net margin of 0.57%. Equities analysts anticipate that DXC Technology will post 3.35 EPS for the current fiscal year.

DXC Technology Company Profile

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).