Flinton Capital Management LLC lifted its stake in shares of DXC Technology (NYSE:DXC) by 28.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 141,304 shares of the company’s stock after acquiring an additional 31,654 shares during the quarter. Flinton Capital Management LLC’s holdings in DXC Technology were worth $13,410,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. BlackRock Inc. boosted its stake in shares of DXC Technology by 1.7% during the 4th quarter. BlackRock Inc. now owns 18,334,186 shares of the company’s stock worth $1,739,915,000 after acquiring an additional 300,394 shares in the last quarter. TIAA CREF Investment Management LLC boosted its stake in shares of DXC Technology by 3.1% during the 4th quarter. TIAA CREF Investment Management LLC now owns 5,204,503 shares of the company’s stock worth $493,907,000 after acquiring an additional 155,125 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in shares of DXC Technology by 67.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 4,030,749 shares of the company’s stock worth $341,768,000 after acquiring an additional 1,619,573 shares in the last quarter. Investec Asset Management LTD boosted its stake in shares of DXC Technology by 153.8% during the 3rd quarter. Investec Asset Management LTD now owns 3,835,559 shares of the company’s stock worth $329,398,000 after acquiring an additional 2,324,095 shares in the last quarter. Finally, Janus Henderson Group PLC boosted its stake in shares of DXC Technology by 27.4% during the 3rd quarter. Janus Henderson Group PLC now owns 3,252,957 shares of the company’s stock worth $279,377,000 after acquiring an additional 699,026 shares in the last quarter. 84.84% of the stock is owned by institutional investors and hedge funds.
Shares of DXC Technology (NYSE DXC) opened at $106.04 on Wednesday. The company has a market capitalization of $30,305.77, a price-to-earnings ratio of 34.65, a PEG ratio of 1.29 and a beta of 0.90. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.48. DXC Technology has a 12-month low of $67.76 and a 12-month high of $107.60.
DXC Technology (NYSE:DXC) last issued its earnings results on Thursday, February 8th. The company reported $2.15 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.99 by $0.16. The business had revenue of $6.19 billion during the quarter, compared to analysts’ expectations of $6.19 billion. DXC Technology had a return on equity of 17.97% and a net margin of 5.18%. The company’s revenue for the quarter was up 222.7% on a year-over-year basis. research analysts expect that DXC Technology will post 7.86 EPS for the current year.
DXC has been the subject of several research reports. Barclays raised their price objective on DXC Technology from $108.00 to $113.00 and gave the stock an “overweight” rating in a research note on Tuesday, November 21st. Cowen reissued a “hold” rating and set a $96.00 price objective on shares of DXC Technology in a research note on Wednesday, January 3rd. KeyCorp raised their price objective on DXC Technology from $107.00 to $116.00 and gave the stock an “overweight” rating in a research note on Tuesday, January 9th. Citigroup reissued a “buy” rating and set a $117.00 price objective (up from $107.00) on shares of DXC Technology in a research note on Thursday, January 18th. Finally, SunTrust Banks raised DXC Technology from a “hold” rating to a “buy” rating in a research note on Wednesday, January 31st. Four equities research analysts have rated the stock with a hold rating, thirteen have given a buy rating and two have given a strong buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $103.33.
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About DXC Technology
DXC Technology Company, together with its subsidiaries, provides information technology services and solutions primarily in North America, Europe, Asia, and Australia. It operates through two segments, Global Business Services (GBS) and Global Infrastructure Services (GIS). The GBS segment offers technology solutions comprising consulting, applications services, and software.
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