Envestnet Asset Management Inc. Has $968,000 Holdings in DXC Technology (NYSE:DXC)

Envestnet Asset Management Inc. decreased its holdings in shares of DXC Technology (NYSE:DXC) by 29.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 48,440 shares of the company’s stock after selling 19,906 shares during the quarter. Envestnet Asset Management Inc.’s holdings in DXC Technology were worth $968,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in DXC. Barclays PLC grew its holdings in shares of DXC Technology by 273.6% in the 3rd quarter. Barclays PLC now owns 85,831 shares of the company’s stock valued at $1,781,000 after buying an additional 62,857 shares during the period. Franklin Resources Inc. boosted its holdings in shares of DXC Technology by 2.4% in the 3rd quarter. Franklin Resources Inc. now owns 63,230 shares of the company’s stock valued at $1,272,000 after buying an additional 1,502 shares during the last quarter. JPMorgan Chase & Co. increased its stake in shares of DXC Technology by 1.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 823,191 shares of the company’s stock worth $17,081,000 after purchasing an additional 10,922 shares during the last quarter. Range Financial Group LLC bought a new stake in DXC Technology in the 4th quarter valued at $300,000. Finally, Matrix Trust Co lifted its stake in shares of DXC Technology by 347.2% during the 4th quarter. Matrix Trust Co now owns 9,343 shares of the company’s stock worth $187,000 after buying an additional 7,254 shares during the last quarter. 96.20% of the stock is owned by institutional investors and hedge funds.

DXC Technology Trading Up 1.1 %

DXC opened at $15.70 on Friday. DXC Technology has a 1-year low of $13.44 and a 1-year high of $24.83. The company has a market cap of $2.84 billion, a P/E ratio of -37.37, a price-to-earnings-growth ratio of 1.16 and a beta of 1.37. The company has a fifty day moving average price of $16.38 and a two-hundred day moving average price of $19.41. 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 announced its quarterly earnings results on Tuesday, February 4th. The company reported $0.92 earnings per share 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 predict that DXC Technology will post 3.35 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms recently commented on DXC. Morgan Stanley upped their price target on shares of DXC Technology from $20.00 to $22.00 and gave the company an “equal weight” rating in a research note on Friday, January 31st. Susquehanna cut their price target on DXC Technology from $23.00 to $16.00 and set a “neutral” rating on the stock in a research note on Wednesday, April 23rd. One analyst has rated the stock with a sell rating and six have assigned a hold rating to the company. Based on data from MarketBeat.com, DXC Technology presently has a consensus rating of “Hold” and a consensus price target of $20.29.

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).