DXC Technology (NYSE:DXC) Shares Purchased by Two Sigma Investments LP

Two Sigma Investments LP increased its position in shares of DXC Technology (NYSE:DXC) by 24.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 31,499 shares of the company’s stock after acquiring an additional 6,200 shares during the period. Two Sigma Investments LP’s holdings in DXC Technology were worth $629,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the stock. Raiffeisen Bank International AG purchased a new stake in DXC Technology during the 4th quarter worth about $485,000. Quantinno Capital Management LP purchased a new stake in DXC Technology during the 4th quarter worth about $268,000. Millennium Management LLC increased its holdings in DXC Technology by 195.4% during the 4th quarter. Millennium Management LLC now owns 88,556 shares of the company’s stock worth $1,769,000 after purchasing an additional 58,576 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in 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 worth $7,371,000 after purchasing an additional 41,838 shares during the period. Finally, Lazard Asset Management LLC increased its holdings in shares of DXC Technology by 177.4% in 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. Hedge funds and other institutional investors own 96.20% of the company’s stock.

DXC Technology Stock Up 2.1%

DXC Technology stock opened at $15.81 on Monday. DXC Technology has a twelve month low of $13.44 and a twelve month high of $24.83. The stock has a 50 day moving average of $15.31 and a two-hundred day moving average of $18.41. The company has a current ratio of 1.34, a quick ratio of 1.34 and a debt-to-equity ratio of 1.12. The stock has a market capitalization of $2.87 billion, a price-to-earnings ratio of -37.64, a PEG ratio of 1.16 and a beta of 1.22.

DXC Technology (NYSE:DXC) last posted its quarterly earnings results on Wednesday, May 14th. The company reported $0.84 EPS 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 business had revenue of $3.17 billion during the quarter, compared to analysts’ expectations of $3.13 billion. During the same period last year, the firm earned $0.97 EPS. The company’s quarterly revenue was down 6.4% compared to the same quarter last year. As a group, research analysts expect that DXC Technology will post 3.35 earnings per share for the current year.

Analyst Upgrades and Downgrades

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