Victory Capital Management Inc. Increases Holdings in DXC Technology (NYSE:DXC)

Victory Capital Management Inc. boosted its stake in DXC Technology (NYSE:DXC) by 22.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 91,980 shares of the company’s stock after purchasing an additional 16,850 shares during the period. Victory Capital Management Inc. owned approximately 0.05% of DXC Technology worth $1,838,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Highland Capital Management LLC boosted its position in shares of DXC Technology by 6.6% in the fourth quarter. Highland Capital Management LLC now owns 11,850 shares of the company’s stock worth $237,000 after buying an additional 731 shares during the period. Newbridge Financial Services Group Inc. boosted its holdings in DXC Technology by 116.1% in the 4th quarter. Newbridge Financial Services Group Inc. now owns 1,675 shares of the company’s stock worth $33,000 after acquiring an additional 900 shares during the period. CIBC Asset Management Inc grew its position in DXC Technology by 5.6% in the fourth quarter. CIBC Asset Management Inc now owns 17,976 shares of the company’s stock valued at $359,000 after acquiring an additional 950 shares in the last quarter. Brown Lisle Cummings Inc. raised its stake in shares of DXC Technology by 60.0% during the fourth quarter. Brown Lisle Cummings Inc. now owns 3,200 shares of the company’s stock valued at $64,000 after purchasing an additional 1,200 shares during the period. Finally, Franklin Resources Inc. lifted its position in shares of DXC Technology by 2.4% during the third quarter. Franklin Resources Inc. now owns 63,230 shares of the company’s stock worth $1,272,000 after purchasing an additional 1,502 shares in the last quarter. 96.20% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Separately, Morgan Stanley raised their price target on shares of DXC Technology from $20.00 to $22.00 and gave the company an “equal weight” rating in a report on Friday, January 31st. One equities research analyst has rated the stock with a sell rating and seven have assigned a hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $21.38.

DXC Technology Trading Up 0.6 %

DXC opened at $17.39 on Tuesday. DXC Technology has a 12-month low of $14.79 and a 12-month high of $24.83. 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 $3.15 billion, a PE ratio of -41.40, a P/E/G ratio of 1.16 and a beta of 1.62. The firm’s fifty day moving average price is $19.90 and its 200 day moving average price is $20.60.

DXC Technology (NYSE:DXC) last posted its quarterly earnings results 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%. As a group, research 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).