Millennium Management LLC grew its holdings in shares of DXC Technology (NYSE:DXC) by 76.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,411,526 shares of the company’s stock after buying an additional 611,366 shares during the quarter. Millennium Management LLC’s holdings in DXC Technology were worth $133,954,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also added to or reduced their stakes in DXC. BlackRock Inc. lifted its position in shares of DXC Technology by 1.7% during the fourth quarter. BlackRock Inc. now owns 18,334,186 shares of the company’s stock worth $1,739,915,000 after purchasing an additional 300,394 shares in the last quarter. TIAA CREF Investment Management LLC lifted its position in shares of DXC Technology by 3.1% during the fourth quarter. TIAA CREF Investment Management LLC now owns 5,204,503 shares of the company’s stock worth $493,907,000 after purchasing an additional 155,125 shares in the last quarter. JPMorgan Chase & Co. lifted its position in shares of DXC Technology by 67.2% during the third quarter. JPMorgan Chase & Co. now owns 4,030,749 shares of the company’s stock worth $341,768,000 after purchasing an additional 1,619,573 shares in the last quarter. Investec Asset Management LTD lifted its position in shares of DXC Technology by 153.8% during the third quarter. Investec Asset Management LTD now owns 3,835,559 shares of the company’s stock worth $329,398,000 after purchasing an additional 2,324,095 shares in the last quarter. Finally, Janus Henderson Group PLC lifted its position in shares of DXC Technology by 27.4% during the third quarter. Janus Henderson Group PLC now owns 3,252,957 shares of the company’s stock worth $279,377,000 after purchasing an additional 699,026 shares in the last quarter. Institutional investors own 84.84% of the company’s stock.
A number of research analysts have recently commented on the stock. Deutsche Bank boosted their target price on shares of DXC Technology from $90.00 to $100.00 and gave the stock a “hold” rating in a research report on Friday, February 9th. KeyCorp boosted their target price on shares of DXC Technology from $107.00 to $116.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 9th. BMO Capital Markets reissued a “buy” rating on shares of DXC Technology in a research report on Friday, February 23rd. SunTrust Banks raised shares of DXC Technology from a “hold” rating to a “buy” rating in a research report on Wednesday, January 31st. Finally, Citigroup reissued a “buy” rating and set a $117.00 target price (up from $107.00) on shares of DXC Technology in a research report on Thursday, January 18th. Four research analysts have rated the stock with a hold rating, thirteen have given a buy rating and two have assigned a strong buy rating to the company’s stock. DXC Technology presently has a consensus rating of “Buy” and an average price target of $103.33.
Shares of DXC Technology (NYSE:DXC) opened at $104.34 on Thursday. The stock has a market cap of $29,810.00 and a price-to-earnings ratio of 15.55. 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 twelve month low of $67.76 and a twelve month high of $107.60.
DXC Technology (NYSE:DXC) last posted its quarterly earnings results on Thursday, February 8th. The company reported $2.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.99 by $0.16. The firm had revenue of $6.19 billion for the quarter, compared to analysts’ expectations of $6.19 billion. DXC Technology had a net margin of 5.18% and a return on equity of 17.97%. The firm’s quarterly revenue was up 222.7% compared to the same quarter last year. equities analysts predict that DXC Technology will post 7.86 EPS for the current fiscal year.
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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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