CAPROCK Group Inc. increased its holdings in DXC Technology (NYSE:DXC – Get Rating) by 5.1% during the 1st quarter, Holdings Channel.com reports. The institutional investor owned 7,381 shares of the company’s stock after buying an additional 361 shares during the period. CAPROCK Group Inc.’s holdings in DXC Technology were worth $241,000 as of its most recent filing with the Securities and Exchange Commission.
Other large investors have also modified their holdings of the company. Cornerstone Advisory LLC acquired a new position in DXC Technology in the 4th quarter worth approximately $37,000. Covestor Ltd acquired a new stake in shares of DXC Technology during the 4th quarter worth approximately $55,000. CWM LLC acquired a new stake in shares of DXC Technology during the 4th quarter worth approximately $56,000. Confluence Wealth Services Inc. acquired a new stake in shares of DXC Technology during the 4th quarter worth approximately $59,000. Finally, UMB Bank N A MO acquired a new stake in shares of DXC Technology during the 4th quarter worth approximately $62,000. Institutional investors own 89.41% of the company’s stock.
Shares of DXC stock opened at $32.15 on Friday. The stock’s fifty day moving average is $31.11 and its two-hundred day moving average is $32.07. The company has a debt-to-equity ratio of 0.76, a quick ratio of 1.09 and a current ratio of 1.09. The firm has a market capitalization of $7.38 billion, a P/E ratio of 11.28, a PEG ratio of 0.38 and a beta of 2.13. DXC Technology has a fifty-two week low of $27.28 and a fifty-two week high of $44.18.
DXC Technology (NYSE:DXC – Get Rating) last announced its quarterly earnings data on Wednesday, May 25th. The company reported $0.84 earnings per share for the quarter, missing analysts’ consensus estimates of $0.99 by ($0.15). The firm had revenue of $4.01 billion during the quarter, compared to analysts’ expectations of $4.12 billion. DXC Technology had a net margin of 4.41% and a return on equity of 17.08%. The company’s revenue for the quarter was down 8.6% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.74 EPS. On average, equities analysts forecast that DXC Technology will post 3.96 earnings per share for the current year.
A number of brokerages have recently commented on DXC. Morgan Stanley dropped their price objective on shares of DXC Technology from $36.00 to $33.00 and set an “equal weight” rating on the stock in a research note on Thursday, May 26th. Citigroup dropped their price objective on shares of DXC Technology from $45.00 to $43.00 in a research note on Wednesday, April 20th. Bank of America cut shares of DXC Technology from a “buy” rating to an “underperform” rating and dropped their price objective for the stock from $45.00 to $30.00 in a research note on Wednesday, March 9th. Susquehanna dropped their price target on shares of DXC Technology from $42.00 to $41.00 in a research note on Thursday, May 26th. Finally, Cowen dropped their price target on shares of DXC Technology from $45.00 to $43.00 and set an “outperform” rating on the stock in a research note on Thursday, May 26th. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, DXC Technology has a consensus rating of “Hold” and an average target price of $39.58.
DXC Technology Profile (Get Rating)
DXC Technology Company, together with its subsidiaries, provides information technology services and solutions primarily in North America, Europe, Asia, and Australia. It operates in two segments, Global Business Services (GBS) and Global Infrastructure Services (GIS). The GBS segment offers a portfolio of analytics services and extensive partner ecosystem that help its customers to gain rapid insights, automate operations, and accelerate their digital transformation journeys; and software engineering and solutions that enable businesses to run and manage their mission-critical functions, transform their operations, and develop new ways of doing business.
Featured Stories
Want to see what other hedge funds are holding DXC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for DXC Technology (NYSE:DXC – Get Rating).
Receive News & Ratings for DXC Technology Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for DXC Technology and related companies with MarketBeat.com's FREE daily email newsletter.
Gloss