Janney Montgomery Scott LLC Grows Position in DXC Technology Company. (NYSE:DXC)

Janney Montgomery Scott LLC lifted its holdings in DXC Technology Company. (NYSE:DXCFree Report) by 15.1% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 20,767 shares of the company’s stock after buying an additional 2,724 shares during the period. Janney Montgomery Scott LLC’s holdings in DXC Technology were worth $354,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of DXC. Byrne Asset Management LLC acquired a new stake in DXC Technology in the 1st quarter valued at about $33,000. Meeder Asset Management Inc. acquired a new stake in shares of DXC Technology in the fourth quarter worth approximately $55,000. Smartleaf Asset Management LLC grew its holdings in DXC Technology by 366.4% in the fourth quarter. Smartleaf Asset Management LLC now owns 2,999 shares of the company’s stock valued at $60,000 after purchasing an additional 2,356 shares during the period. GAMMA Investing LLC grew its holdings in shares of DXC Technology by 37.4% during the 1st quarter. GAMMA Investing LLC now owns 4,507 shares of the company’s stock worth $77,000 after purchasing an additional 1,226 shares during the period. Finally, Quarry LP increased its position in DXC Technology by 604.1% during the 4th quarter. Quarry LP now owns 3,978 shares of the company’s stock worth $79,000 after purchasing an additional 3,413 shares in the last quarter. 96.20% of the stock is owned by hedge funds and other institutional investors.

DXC Technology Price Performance

DXC opened at $16.24 on Friday. DXC Technology Company. has a twelve month low of $13.44 and a twelve month high of $24.83. The firm has a market cap of $2.94 billion, a price-to-earnings ratio of 7.70, a PEG ratio of 4.28 and a beta of 1.20. The company has a current ratio of 1.22, a quick ratio of 1.22 and a debt-to-equity ratio of 0.86. The company has a fifty day simple moving average of $15.51 and a 200 day simple moving average of $17.54.

DXC Technology (NYSE:DXCGet Free Report) last announced its earnings results on Wednesday, May 14th. The company reported $0.84 earnings per share for the quarter, beating the consensus estimate of $0.76 by $0.08. DXC Technology had a return on equity of 19.36% and a net margin of 3.02%. The company had revenue of $3.17 billion during the quarter, compared to the consensus estimate of $3.13 billion. During the same period last year, the firm earned $0.97 earnings per share. The company’s revenue was down 6.4% on a year-over-year basis. Equities research analysts expect that DXC Technology Company. will post 3.35 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the stock. Susquehanna reduced their price target on shares of DXC Technology from $23.00 to $16.00 and set a “neutral” rating on the stock in a research report on Wednesday, April 23rd. Wall Street Zen raised shares of DXC Technology from a “hold” rating to a “buy” rating in a research report on Saturday, June 21st. JPMorgan Chase & Co. lowered their price target on DXC Technology from $22.00 to $18.00 and set an “underweight” rating for the company in a report on Wednesday, May 21st. Morgan Stanley reduced their price objective on DXC Technology from $22.00 to $16.00 and set an “equal weight” rating on the stock in a research note on Thursday, May 15th. Finally, Guggenheim reiterated a “neutral” rating on shares of DXC Technology in a research note on Monday, May 12th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $17.00.

View Our Latest Analysis on DXC Technology

About DXC Technology

(Free Report)

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).

Further Reading

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Institutional Ownership by Quarter for DXC Technology (NYSE:DXC)

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