DXC Technology (NYSE:DXC) Shares Purchased by Alliancebernstein L.P.

Alliancebernstein L.P. boosted its stake in DXC Technology (NYSE:DXC) by 77.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 163,461 shares of the company’s stock after acquiring an additional 71,485 shares during the quarter. Alliancebernstein L.P.’s holdings in DXC Technology were worth $3,266,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of DXC. Newbridge Financial Services Group Inc. lifted its position in shares of DXC Technology by 116.1% during the fourth quarter. Newbridge Financial Services Group Inc. now owns 1,675 shares of the company’s stock worth $33,000 after purchasing an additional 900 shares in the last quarter. Meeder Asset Management Inc. purchased a new stake in DXC Technology during the 4th quarter worth $55,000. Smartleaf Asset Management LLC lifted its holdings in DXC Technology by 366.4% in the 4th quarter. Smartleaf Asset Management LLC now owns 2,999 shares of the company’s stock worth $60,000 after buying an additional 2,356 shares in the last quarter. Brown Lisle Cummings Inc. boosted its position in DXC Technology by 60.0% in the 4th quarter. Brown Lisle Cummings Inc. now owns 3,200 shares of the company’s stock valued at $64,000 after buying an additional 1,200 shares during the last quarter. Finally, Matrix Trust Co grew its stake in shares of DXC Technology by 347.2% during the fourth quarter. Matrix Trust Co now owns 9,343 shares of the company’s stock valued at $187,000 after acquiring an additional 7,254 shares in the last quarter. Institutional investors and hedge funds own 96.20% of the company’s stock.

Analyst Ratings Changes

Separately, Morgan Stanley boosted their price target on DXC Technology from $20.00 to $22.00 and gave the stock 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 assigned a hold rating to the stock. According to data from MarketBeat, DXC Technology has an average rating of “Hold” and an average price target of $21.29.

DXC Technology Price Performance

DXC opened at $14.70 on Tuesday. The company has a market capitalization of $2.66 billion, a P/E ratio of -35.00, a PEG ratio of 1.16 and a beta of 1.37. The company has a 50-day moving average of $17.78 and a 200-day moving average of $19.88. The company has a debt-to-equity ratio of 1.12, a quick ratio of 1.34 and a current ratio of 1.34. DXC Technology has a 1-year low of $13.44 and a 1-year high of $24.83.

DXC Technology (NYSE:DXC) last announced its quarterly earnings data on Tuesday, February 4th. The company reported $0.92 earnings per share (EPS) for the quarter, beating 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%. Equities analysts expect that DXC Technology will post 3.35 EPS for the current fiscal year.

DXC Technology Company Profile

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).