DXC Technology (NYSE:DXC) Shares Acquired by Amundi

Amundi increased its position in shares of DXC Technology (NYSE:DXC) by 188.2% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 91,734 shares of the company’s stock after buying an additional 59,902 shares during the quarter. Amundi’s holdings in DXC Technology were worth $1,882,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in DXC. US Bancorp DE raised its position in DXC Technology by 17.3% in the 4th quarter. US Bancorp DE now owns 13,406 shares of the company’s stock valued at $268,000 after purchasing an additional 1,977 shares during the last quarter. Principal Financial Group Inc. increased its stake in DXC Technology by 3.0% in the fourth quarter. Principal Financial Group Inc. now owns 877,399 shares of the company’s stock valued at $17,530,000 after purchasing an additional 25,573 shares during the period. State of Alaska Department of Revenue increased its stake in DXC Technology by 86.9% in the fourth quarter. State of Alaska Department of Revenue now owns 192,880 shares of the company’s stock valued at $3,853,000 after purchasing an additional 89,698 shares during the period. Barclays PLC raised its holdings in shares of DXC Technology by 273.6% in the third quarter. Barclays PLC now owns 85,831 shares of the company’s stock valued at $1,781,000 after buying an additional 62,857 shares during the last quarter. Finally, Point72 Asset Management L.P. acquired a new stake in shares of DXC Technology during the third quarter worth about $1,438,000. Institutional investors and hedge funds own 96.20% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Morgan Stanley boosted their price target on DXC Technology from $20.00 to $22.00 and gave the company an “equal weight” rating in a research report on Friday, January 31st. One analyst has rated the stock with a sell rating and seven have given a hold rating to the stock. Based on data from MarketBeat, DXC Technology presently has a consensus rating of “Hold” and a consensus target price of $21.38.

DXC Technology Trading Up 0.6 %

Shares of DXC Technology stock opened at $17.39 on Tuesday. The firm has a market cap of $3.15 billion, a price-to-earnings ratio of -41.40, a price-to-earnings-growth ratio of 1.16 and a beta of 1.62. DXC Technology has a 52-week low of $14.79 and a 52-week high of $24.83. The company’s 50-day simple moving average is $19.90 and its 200-day simple moving average is $20.60. The company has a quick ratio of 1.34, a current ratio of 1.34 and a debt-to-equity ratio of 1.12.

DXC Technology (NYSE:DXC) last released its earnings results on Tuesday, February 4th. The company reported $0.92 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.69 by $0.23. DXC Technology had a positive return on equity of 20.70% and a negative net margin of 0.57%. As a group, equities research analysts anticipate that DXC Technology will post 3.35 earnings per share for the current year.

About DXC Technology

DXC Technology Company, together with its subsidiaries, provides information technology services and solutions in the United States, the United Kingdom, rest of Europe, Australia, and internationally. It operates in two segments, Global Business Services (GBS) and Global Infrastructure Services (GIS).