Assenagon Asset Management S.A. Boosts Stock Holdings in DXC Technology Company. $DXC

Assenagon Asset Management S.A. raised its position in shares of DXC Technology Company. (NYSE:DXC) by 2,316.7% in the fourth quarter, Holdings Channel.com reports. The fund owned 1,570,035 shares of the company’s stock after acquiring an additional 1,505,069 shares during the quarter. Assenagon Asset Management S.A.’s holdings in DXC Technology were worth $23,001,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. EverSource Wealth Advisors LLC increased its position in shares of DXC Technology by 240.6% during the second quarter. EverSource Wealth Advisors LLC now owns 1,737 shares of the company’s stock worth $27,000 after purchasing an additional 1,227 shares in the last quarter. Smartleaf Asset Management LLC lifted its holdings in DXC Technology by 38.2% in the 3rd quarter. Smartleaf Asset Management LLC now owns 2,814 shares of the company’s stock valued at $38,000 after purchasing an additional 778 shares in the last quarter. Headlands Technologies LLC purchased a new position in DXC Technology in the 2nd quarter valued at $39,000. Rothschild Investment LLC boosted its stake in DXC Technology by 609.8% during the 3rd quarter. Rothschild Investment LLC now owns 2,981 shares of the company’s stock worth $41,000 after purchasing an additional 2,561 shares during the last quarter. Finally, Newbridge Financial Services Group Inc. boosted its stake in DXC Technology by 143.3% during the 2nd quarter. Newbridge Financial Services Group Inc. now owns 4,075 shares of the company’s stock worth $62,000 after purchasing an additional 2,400 shares during the last quarter. Hedge funds and other institutional investors own 96.20% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently commented on DXC shares. BMO Capital Markets increased their target price on shares of DXC Technology from $15.00 to $17.00 and gave the company a “market perform” rating in a research report on Tuesday, February 3rd. Zacks Research lowered shares of DXC Technology from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, March 3rd. Wolfe Research set a $13.00 price objective on shares of DXC Technology and gave the company an “underperform” rating in a research note on Friday, January 30th. Finally, Wall Street Zen upgraded shares of DXC Technology from a “hold” rating to a “buy” rating in a report on Saturday, March 7th. Seven equities research analysts have rated the stock with a Hold rating and three have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Reduce” and a consensus price target of $14.71.

DXC Technology Stock Up 1.4%

Shares of DXC opened at $12.18 on Friday. DXC Technology Company. has a 52-week low of $11.54 and a 52-week high of $17.68. The company has a market capitalization of $2.07 billion, a PE ratio of 5.23 and a beta of 1.10. The stock has a fifty day simple moving average of $13.24 and a two-hundred day simple moving average of $13.69. The company has a quick ratio of 1.35, a current ratio of 1.35 and a debt-to-equity ratio of 0.91.

DXC Technology (NYSE:DXC) last announced its quarterly earnings results on Thursday, January 29th. The company reported $0.96 earnings per share for the quarter, beating the consensus estimate of $0.83 by $0.13. DXC Technology had a net margin of 3.34% and a return on equity of 17.56%. The firm had revenue of $3.19 billion for the quarter, compared to analysts’ expectations of $3.18 billion. During the same quarter in the previous year, the company posted $0.92 EPS. The company’s revenue was down 1.0% compared to the same quarter last year. As a group, equities analysts forecast that DXC Technology Company. will post 3.35 EPS for the current year.

Insider Buying and Selling

In other news, CEO Raul J. Fernandez bought 16,446 shares of the firm’s stock in a transaction on Monday, February 2nd. The shares were bought at an average cost of $15.24 per share, for a total transaction of $250,637.04. Following the acquisition, the chief executive officer directly owned 816,001 shares of the company’s stock, valued at $12,435,855.24. This trade represents a 2.06% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at the SEC website. 0.61% of the stock is owned by company insiders.

About DXC Technology

DXC Technology, headquartered in Tysons Corner, Virginia, is a global leader in IT services and solutions. The company was formed in 2017 through the merger of Computer Sciences Corporation (CSC) and the Enterprise Services business of Hewlett Packard Enterprise, combining decades of experience in consulting, systems integration and managed services. Since its inception, DXC has focused on helping clients modernize IT environments and drive digital transformation across their organizations.

DXC Technology’s core service offerings encompass cloud and platform services, applications and analytics, security, and workplace and mobility solutions.