Quantinno Capital Management LP Takes $268,000 Position in DXC Technology (NYSE:DXC)

Quantinno Capital Management LP purchased a new stake in shares of DXC Technology (NYSE:DXC) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm purchased 13,416 shares of the company’s stock, valued at approximately $268,000.

A number of other large investors have also recently modified their holdings of the business. Millennium Management LLC boosted its position in shares of DXC Technology by 195.4% during the 4th quarter. Millennium Management LLC now owns 88,556 shares of the company’s stock valued at $1,769,000 after acquiring an additional 58,576 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of DXC Technology by 12.8% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 368,900 shares of the company’s stock valued at $7,371,000 after acquiring an additional 41,838 shares during the last quarter. Lazard Asset Management LLC boosted its position in shares of DXC Technology by 177.4% during the 4th quarter. Lazard Asset Management LLC now owns 112,384 shares of the company’s stock valued at $2,244,000 after acquiring an additional 71,869 shares during the last quarter. Graham Capital Management L.P. boosted its position in shares of DXC Technology by 487.4% during the 4th quarter. Graham Capital Management L.P. now owns 74,137 shares of the company’s stock valued at $1,481,000 after acquiring an additional 61,516 shares during the last quarter. Finally, Deutsche Bank AG lifted its position in DXC Technology by 99.3% in the 4th quarter. Deutsche Bank AG now owns 1,173,407 shares of the company’s stock worth $23,445,000 after buying an additional 584,678 shares during the last quarter. Institutional investors own 96.20% of the company’s stock.

DXC Technology Stock Performance

Shares of DXC stock opened at $14.75 on Tuesday. The company has a debt-to-equity ratio of 1.12, a quick ratio of 1.34 and a current ratio of 1.34. DXC Technology has a fifty-two week low of $13.44 and a fifty-two week high of $24.83. The stock has a 50 day moving average price of $15.64 and a two-hundred day moving average price of $18.79. The company has a market capitalization of $2.67 billion, a P/E ratio of -35.11, a PEG ratio of 1.16 and a beta of 1.18.

DXC Technology (NYSE:DXC) last announced its quarterly earnings data on Wednesday, May 14th. The company reported $0.84 earnings per share for the quarter, beating the consensus estimate of $0.76 by $0.08. DXC Technology had a positive return on equity of 20.70% and a negative net margin of 0.57%. The firm had revenue of $3.17 billion during the quarter, compared to the consensus estimate of $3.13 billion. During the same quarter in the previous year, the company posted $0.97 earnings per share. The business’s revenue was down 6.4% on a year-over-year basis. Analysts expect that DXC Technology will post 3.35 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on DXC. Guggenheim restated a “neutral” rating on shares of DXC Technology in a research report on Monday, May 12th. JPMorgan Chase & Co. dropped their target price on DXC Technology from $22.00 to $18.00 and set an “underweight” rating for the company in a research report on Wednesday, May 21st. Wall Street Zen downgraded DXC Technology from a “buy” rating to a “hold” rating in a research report on Thursday, May 22nd. BMO Capital Markets dropped their target price on DXC Technology from $26.00 to $17.00 and set a “market perform” rating for the company in a research report on Thursday, May 15th. Finally, Susquehanna dropped their target price on DXC Technology from $23.00 to $16.00 and set a “neutral” rating for the company in a research report on Wednesday, April 23rd. One analyst has rated the stock with a sell rating and six have given a hold rating to the stock. According to MarketBeat.com, DXC Technology presently has a consensus rating of “Hold” and an average target price of $17.00.

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).