Raymond James & Associates increased its holdings in DXC Technology Co (NYSE:DXC) by 17.8% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 267,750 shares of the company’s stock after acquiring an additional 40,487 shares during the period. Raymond James & Associates’ holdings in DXC Technology were worth $17,219,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also bought and sold shares of DXC. Oregon Public Employees Retirement Fund raised its holdings in shares of DXC Technology by 10,644.8% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 9,088,667 shares of the company’s stock worth $171,000 after acquiring an additional 9,004,080 shares during the last quarter. Lunia Capital LP raised its holdings in shares of DXC Technology by 2,128.2% in the 4th quarter. Lunia Capital LP now owns 5,973,862 shares of the company’s stock worth $5,974,000 after acquiring an additional 5,705,759 shares during the last quarter. Norges Bank acquired a new stake in shares of DXC Technology in the 4th quarter worth about $147,443,000. Harris Associates L P raised its holdings in shares of DXC Technology by 42.8% in the 4th quarter. Harris Associates L P now owns 4,423,822 shares of the company’s stock worth $235,215,000 after acquiring an additional 1,325,655 shares during the last quarter. Finally, BlackRock Inc. raised its holdings in shares of DXC Technology by 6.3% in the 4th quarter. BlackRock Inc. now owns 19,400,215 shares of the company’s stock worth $1,031,510,000 after acquiring an additional 1,153,292 shares during the last quarter. Institutional investors own 83.74% of the company’s stock.
NYSE:DXC opened at $54.30 on Thursday. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.53. The stock has a market capitalization of $14.82 billion, a price-to-earnings ratio of 6.84, a PEG ratio of 0.91 and a beta of 1.51. DXC Technology Co has a 52 week low of $49.19 and a 52 week high of $100.87.
A number of equities research analysts recently weighed in on the stock. BMO Capital Markets lowered their target price on shares of DXC Technology from $88.00 to $70.00 and set an “outperform” rating on the stock in a report on Tuesday. KeyCorp lowered their target price on shares of DXC Technology from $97.00 to $88.00 and set an “overweight” rating on the stock in a report on Monday. Zacks Investment Research lowered shares of DXC Technology from a “buy” rating to a “hold” rating in a research note on Wednesday. Goldman Sachs Group lowered shares of DXC Technology from a “conviction-buy” rating to a “buy” rating in a research note on Monday, April 22nd. Finally, SunTrust Banks increased their price objective on shares of DXC Technology to $72.00 and gave the company a “hold” rating in a research note on Monday, February 11th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and ten have given a buy rating to the company’s stock. DXC Technology currently has an average rating of “Buy” and an average price target of $84.82.
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DXC Technology Company Profile
DXC Technology Company, together with its subsidiaries, provides information technology services and solutions primarily in North America, Europe, Asia, and Australia. It operates through three segments: Global Business Services (GBS), Global Infrastructure Services (GIS), and United States Public Sector (USPS).
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