Legal & General Group Plc Decreases Stock Position in DXC Technology (NYSE:DXC)

Legal & General Group Plc lessened its holdings in DXC Technology (NYSE:DXC) by 2.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 634,036 shares of the company’s stock after selling 16,410 shares during the quarter. Legal & General Group Plc owned 0.35% of DXC Technology worth $12,668,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of DXC. American Century Companies Inc. raised its stake in shares of DXC Technology by 18.5% in the fourth quarter. American Century Companies Inc. now owns 5,816,970 shares of the company’s stock worth $116,223,000 after purchasing an additional 907,004 shares during the last quarter. Norges Bank purchased a new position in DXC Technology during the 4th quarter worth approximately $17,399,000. Assenagon Asset Management S.A. raised its position in DXC Technology by 4,893.5% during the 4th quarter. Assenagon Asset Management S.A. now owns 669,576 shares of the company’s stock worth $13,378,000 after buying an additional 656,167 shares during the last quarter. Brandywine Global Investment Management LLC acquired a new stake in DXC Technology during the 4th quarter valued at approximately $11,078,000. Finally, Vanguard Group Inc. boosted its holdings in shares of DXC Technology by 1.2% in the 4th quarter. Vanguard Group Inc. now owns 23,634,617 shares of the company’s stock valued at $472,220,000 after acquiring an additional 270,206 shares during the last quarter. Hedge funds and other institutional investors own 96.20% of the company’s stock.

Analysts Set New Price Targets

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

DXC Technology Price Performance

Shares of NYSE DXC opened at $14.69 on Thursday. The company has a debt-to-equity ratio of 1.12, a current ratio of 1.34 and a quick ratio of 1.34. The stock has a market capitalization of $2.66 billion, a price-to-earnings ratio of -34.98, a PEG ratio of 1.16 and a beta of 1.37. The firm’s 50 day simple moving average is $17.51 and its 200-day simple moving average is $19.81. DXC Technology has a 12 month low of $13.44 and a 12 month high of $24.83.

DXC Technology (NYSE:DXC) last released its quarterly earnings results on Tuesday, February 4th. The company reported $0.92 EPS for the quarter, beating 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%. Analysts expect that DXC Technology will post 3.35 EPS for the current year.

DXC Technology 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).