Wealth Enhancement Advisory Services LLC Has $672,000 Stake in DXC Technology (NYSE:DXC)

Wealth Enhancement Advisory Services LLC boosted its position in DXC Technology (NYSE:DXC) by 116.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 33,622 shares of the company’s stock after buying an additional 18,103 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in DXC Technology were worth $672,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. US Bancorp DE lifted its holdings in DXC Technology by 17.3% in the fourth quarter. US Bancorp DE now owns 13,406 shares of the company’s stock valued at $268,000 after buying an additional 1,977 shares during the period. Sterling Capital Management LLC lifted its holdings in DXC Technology by 55.4% in the fourth quarter. Sterling Capital Management LLC now owns 10,748 shares of the company’s stock valued at $215,000 after buying an additional 3,833 shares during the period. Principal Financial Group Inc. lifted its holdings 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 buying an additional 25,573 shares during the period. Royce & Associates LP raised its holdings in shares of DXC Technology by 35.7% during the fourth quarter. Royce & Associates LP now owns 124,813 shares of the company’s stock valued at $2,494,000 after purchasing an additional 32,842 shares during the period. Finally, Victory Capital Management Inc. raised its holdings in shares of DXC Technology by 22.4% during the fourth quarter. Victory Capital Management Inc. now owns 91,980 shares of the company’s stock valued at $1,838,000 after purchasing an additional 16,850 shares during the period. Institutional investors and hedge funds own 96.20% of the company’s stock.

DXC Technology Trading Up 2.1%

DXC opened at $15.94 on Wednesday. The company has a debt-to-equity ratio of 1.12, a current ratio of 1.34 and a quick ratio of 1.34. DXC Technology has a fifty-two week low of $13.44 and a fifty-two week high of $24.83. The firm has a market capitalization of $2.89 billion, a PE ratio of -37.94, a P/E/G ratio of 1.16 and a beta of 1.22. The company’s 50-day moving average is $15.26 and its 200 day moving average is $18.34.

DXC Technology (NYSE:DXC) last posted its earnings results on Wednesday, May 14th. The company reported $0.84 earnings per share for the quarter, topping analysts’ consensus estimates of $0.76 by $0.08. DXC Technology had a negative net margin of 0.57% and a positive return on equity of 20.70%. The company had revenue of $3.17 billion for the quarter, compared to analyst estimates of $3.13 billion. During the same quarter in the prior year, the business posted $0.97 EPS. The firm’s revenue was down 6.4% compared to the same quarter last year. As a group, research analysts predict that DXC Technology will post 3.35 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the stock. BMO Capital Markets dropped their price objective on shares of DXC Technology from $26.00 to $17.00 and set a “market perform” rating on the stock in a report on Thursday, May 15th. Susquehanna dropped their price objective on shares of DXC Technology from $23.00 to $16.00 and set a “neutral” rating on the stock in a report on Wednesday, April 23rd. Royal Bank of Canada dropped their price objective on shares of DXC Technology from $27.00 to $18.00 and set a “sector perform” rating on the stock in a report on Thursday, May 15th. Wall Street Zen lowered shares of DXC Technology from a “buy” rating to a “hold” rating in a report on Thursday, May 22nd. Finally, Morgan Stanley dropped their price objective on shares of DXC Technology from $22.00 to $16.00 and set an “equal weight” rating on the stock in a report on Thursday, May 15th. One analyst has rated the stock with a sell rating and six have issued a hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $17.00.

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).