Cornerstone Capital Management Holdings LLC. boosted its holdings in shares of DXC Technology (NYSE:DXC) by 270.0% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 417,345 shares of the company’s stock after buying an additional 304,562 shares during the quarter. Cornerstone Capital Management Holdings LLC. owned 0.15% of DXC Technology worth $39,605,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also bought and sold shares of the business. ETRADE Capital Management LLC raised its position in DXC Technology by 11.8% during the 3rd quarter. ETRADE Capital Management LLC now owns 5,061 shares of the company’s stock worth $435,000 after buying an additional 535 shares during the last quarter. First Mercantile Trust Co. raised its position in DXC Technology by 17.2% during the 4th quarter. First Mercantile Trust Co. now owns 4,472 shares of the company’s stock worth $424,000 after buying an additional 656 shares during the last quarter. CIBC Asset Management Inc raised its position in DXC Technology by 2.3% during the 4th quarter. CIBC Asset Management Inc now owns 29,706 shares of the company’s stock worth $2,819,000 after buying an additional 670 shares during the last quarter. Fagan Associates Inc. raised its position in DXC Technology by 13.5% during the 3rd quarter. Fagan Associates Inc. now owns 6,229 shares of the company’s stock worth $535,000 after buying an additional 739 shares during the last quarter. Finally, Hartford Investment Management Co. raised its position in DXC Technology by 1.2% during the 3rd quarter. Hartford Investment Management Co. now owns 66,018 shares of the company’s stock worth $5,670,000 after buying an additional 781 shares during the last quarter. 84.84% of the stock is owned by institutional investors.
A number of equities analysts have issued reports on DXC shares. SunTrust Banks raised their price target on shares of DXC Technology to $100.00 and gave the stock a “hold” rating in a research report on Monday, November 13th. Barclays raised their price target on shares of DXC Technology from $108.00 to $113.00 and gave the stock an “overweight” rating in a research report on Tuesday, November 21st. Cowen reissued a “hold” rating and set a $96.00 price target on shares of DXC Technology in a research report on Wednesday, January 3rd. KeyCorp raised their price target 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. Finally, Citigroup reaffirmed a “buy” rating and set a $117.00 price objective (up previously from $107.00) on shares of DXC Technology in a research note 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 currently has a consensus rating of “Buy” and a consensus target price of $103.33.
DXC Technology (NYSE:DXC) last issued its quarterly earnings data on Thursday, February 8th. The company reported $2.15 EPS for the quarter, topping analysts’ consensus estimates of $1.99 by $0.16. The business 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 business’s revenue was up 222.7% compared to the same quarter last year. research analysts forecast that DXC Technology will post 7.83 earnings per share for the current fiscal year.
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DXC Technology Company Profile
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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