Zurcher Kantonalbank Zurich Cantonalbank Raises Stake in DXC Technology (NYSE:DXC)

Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of DXC Technology (NYSE:DXC) by 3.7% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 42,206 shares of the company’s stock after purchasing an additional 1,507 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in DXC Technology were worth $843,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of DXC. Pacer Advisors Inc. raised its holdings in DXC Technology by 4.7% during the third quarter. Pacer Advisors Inc. now owns 20,140,488 shares of the company’s stock valued at $417,915,000 after acquiring an additional 899,510 shares during the period. Charles Schwab Investment Management Inc. lifted its holdings in DXC Technology by 3.5% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,930,963 shares of the company’s stock worth $38,581,000 after purchasing an additional 64,867 shares in the last quarter. Principal Financial Group Inc. boosted its stake in DXC Technology by 3.0% in the 4th quarter. Principal Financial Group Inc. now owns 877,399 shares of the company’s stock worth $17,530,000 after purchasing an additional 25,573 shares during the period. JPMorgan Chase & Co. grew its holdings in DXC Technology by 1.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 823,191 shares of the company’s stock valued at $17,081,000 after buying an additional 10,922 shares in the last quarter. Finally, Assenagon Asset Management S.A. raised its position in shares of DXC Technology by 4,893.5% during the fourth quarter. Assenagon Asset Management S.A. now owns 669,576 shares of the company’s stock valued at $13,378,000 after buying an additional 656,167 shares during the last quarter. Hedge funds and other institutional investors own 96.20% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Morgan Stanley raised their target price on shares of DXC Technology from $20.00 to $22.00 and gave the company an “equal weight” rating in a research note on Friday, January 31st. One equities research analyst has rated the stock with a sell rating and six have given a hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $21.29.

DXC Technology Stock Performance

DXC Technology stock opened at $17.13 on Friday. 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 has a twelve month low of $14.79 and a twelve month high of $24.83. The company’s 50-day moving average price is $19.72 and its 200-day moving average price is $20.53. The company has a market cap of $3.10 billion, a PE ratio of -40.79, a price-to-earnings-growth ratio of 1.16 and a beta of 1.62.

DXC Technology (NYSE:DXC) last posted its quarterly earnings data on Tuesday, February 4th. The company reported $0.92 EPS for the quarter, topping the consensus estimate of $0.69 by $0.23. DXC Technology had a negative net margin of 0.57% and a positive return on equity of 20.70%. On average, equities research analysts forecast that DXC Technology will post 3.35 EPS for the current fiscal 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).