Principal Financial Group Inc. Grows Holdings in DXC Technology (NYSE:DXC)

Principal Financial Group Inc. raised its position in DXC Technology (NYSE:DXC) by 3.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 877,399 shares of the company’s stock after purchasing an additional 25,573 shares during the period. Principal Financial Group Inc. owned about 0.48% of DXC Technology worth $17,530,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Highland Capital Management LLC lifted its holdings in DXC Technology by 6.6% in the 4th quarter. Highland Capital Management LLC now owns 11,850 shares of the company’s stock valued at $237,000 after purchasing an additional 731 shares in the last quarter. Newbridge Financial Services Group Inc. lifted its holdings in shares of DXC Technology by 116.1% during 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. Brown Lisle Cummings Inc. lifted its holdings in shares of DXC Technology by 60.0% during the 4th quarter. Brown Lisle Cummings Inc. now owns 3,200 shares of the company’s stock worth $64,000 after acquiring an additional 1,200 shares during the period. Franklin Resources Inc. lifted its holdings in shares of DXC Technology by 2.4% during the 3rd quarter. Franklin Resources Inc. now owns 63,230 shares of the company’s stock worth $1,272,000 after acquiring an additional 1,502 shares during the period. Finally, Paragon Capital Management Inc. lifted its holdings in shares of DXC Technology by 1.8% during the 4th quarter. Paragon Capital Management Inc. now owns 98,949 shares of the company’s stock worth $1,977,000 after acquiring an additional 1,722 shares during the period. 96.20% of the stock is currently owned by hedge funds and other institutional investors.

DXC Technology Stock Down 4.0 %

Shares of NYSE:DXC opened at $18.55 on Wednesday. The company has a quick ratio of 1.34, a current ratio of 1.34 and a debt-to-equity ratio of 1.12. DXC Technology has a 52-week low of $14.78 and a 52-week high of $24.83. The company has a 50 day moving average of $20.61 and a two-hundred day moving average of $20.81. The company has a market capitalization of $3.36 billion, a price-to-earnings ratio of -44.16, a price-to-earnings-growth ratio of 1.16 and a beta of 1.65.

DXC Technology (NYSE:DXC) last issued 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 negative net margin of 0.57% and a positive return on equity of 20.70%. As a group, analysts forecast that DXC Technology will post 3.35 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the stock. Morgan Stanley increased their price objective 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. BMO Capital Markets increased their price objective on shares of DXC Technology from $22.00 to $25.00 and gave the stock a “market perform” rating in a report on Monday, November 11th. Finally, Susquehanna increased their price objective on shares of DXC Technology from $19.00 to $23.00 and gave the stock a “neutral” rating in a report on Friday, November 8th. One equities research analyst has rated the stock with a sell rating and seven have issued a hold rating to the stock. Based on data from MarketBeat.com, DXC Technology presently has an average rating of “Hold” and a consensus price target of $21.38.

About DXC Technology

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).