Sterling Capital Management LLC Boosts Position in DXC Technology (NYSE:DXC)

Sterling Capital Management LLC raised its position in shares of DXC Technology (NYSE:DXC) by 55.4% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 10,748 shares of the company’s stock after purchasing an additional 3,833 shares during the quarter. Sterling Capital Management LLC’s holdings in DXC Technology were worth $215,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. US Bancorp DE increased its holdings in DXC Technology by 17.3% during the fourth quarter. US Bancorp DE now owns 13,406 shares of the company’s stock valued at $268,000 after buying an additional 1,977 shares during the last quarter. Principal Financial Group Inc. lifted its position in DXC Technology by 3.0% during the fourth quarter. Principal Financial Group Inc. now owns 877,399 shares of the company’s stock valued at $17,530,000 after purchasing an additional 25,573 shares in the last quarter. Royce & Associates LP grew its holdings in DXC Technology by 35.7% during the fourth quarter. Royce & Associates LP now owns 124,813 shares of the company’s stock valued at $2,494,000 after purchasing an additional 32,842 shares during the period. State of Alaska Department of Revenue increased its position in DXC Technology by 86.9% in the fourth quarter. State of Alaska Department of Revenue now owns 192,880 shares of the company’s stock worth $3,853,000 after buying an additional 89,698 shares in the last quarter. Finally, Victory Capital Management Inc. grew its stake in shares of DXC Technology by 22.4% during the 4th quarter. Victory Capital Management Inc. now owns 91,980 shares of the company’s stock valued at $1,838,000 after acquiring an additional 16,850 shares during the period. Hedge funds and other institutional investors own 96.20% of the company’s stock.

Analyst Upgrades and Downgrades

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

DXC Technology Trading Down 1.9 %

Shares of DXC stock opened at $14.36 on Monday. The stock’s 50-day moving average price is $17.28 and its 200-day moving average price is $19.72. DXC Technology has a 12-month low of $13.44 and a 12-month high of $24.83. The stock has a market capitalization of $2.60 billion, a price-to-earnings ratio of -34.18, a price-to-earnings-growth ratio of 1.16 and a beta of 1.37. The company has a current ratio of 1.34, a quick ratio of 1.34 and a debt-to-equity ratio of 1.12.

DXC Technology (NYSE:DXC) last posted its earnings results on Tuesday, February 4th. The company reported $0.92 EPS for the quarter, beating analysts’ consensus estimates 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%. Equities research analysts predict that DXC Technology will post 3.35 EPS for the current fiscal year.

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).