DXC Technology Company. $DXC Shares Bought by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. grew its position in DXC Technology Company. (NYSE:DXC) by 2,316.7% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,570,035 shares of the company’s stock after purchasing an additional 1,505,069 shares during the period. Assenagon Asset Management S.A. owned approximately 0.90% of DXC Technology worth $23,001,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. EverSource Wealth Advisors LLC increased its holdings in DXC Technology by 240.6% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,737 shares of the company’s stock worth $27,000 after buying an additional 1,227 shares during the period. Smartleaf Asset Management LLC lifted its stake in DXC Technology by 38.2% during the 3rd quarter. Smartleaf Asset Management LLC now owns 2,814 shares of the company’s stock valued at $38,000 after acquiring an additional 778 shares during the period. Headlands Technologies LLC purchased a new stake in shares of DXC Technology in the 2nd quarter valued at $39,000. Rothschild Investment LLC increased its stake in shares of DXC Technology by 609.8% in the third quarter. Rothschild Investment LLC now owns 2,981 shares of the company’s stock worth $41,000 after acquiring an additional 2,561 shares during the period. Finally, Newbridge Financial Services Group Inc. increased its stake in shares of DXC Technology by 143.3% in the second quarter. Newbridge Financial Services Group Inc. now owns 4,075 shares of the company’s stock worth $62,000 after acquiring an additional 2,400 shares during the period. 96.20% of the stock is currently owned by hedge funds and other institutional investors.

DXC Technology Price Performance

NYSE:DXC opened at $12.18 on Friday. The company has a quick ratio of 1.35, a current ratio of 1.35 and a debt-to-equity ratio of 0.91. DXC Technology Company. has a 52 week low of $11.54 and a 52 week high of $17.68. The stock’s 50-day moving average price is $13.24 and its 200-day moving average price is $13.69. The stock has a market capitalization of $2.07 billion, a PE ratio of 5.23 and a beta of 1.10.

DXC Technology (NYSE:DXC) last released its quarterly earnings results on Thursday, January 29th. The company reported $0.96 earnings per share for the quarter, topping analysts’ consensus estimates of $0.83 by $0.13. The company had revenue of $3.19 billion during the quarter, compared to analysts’ expectations of $3.18 billion. DXC Technology had a return on equity of 17.56% and a net margin of 3.34%.DXC Technology’s quarterly revenue was down 1.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.92 EPS. As a group, equities analysts expect that DXC Technology Company. will post 3.35 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on DXC. Zacks Research downgraded shares of DXC Technology from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, March 3rd. Wolfe Research set a $13.00 price objective on DXC Technology and gave the company an “underperform” rating in a research note on Friday, January 30th. Wall Street Zen raised DXC Technology from a “hold” rating to a “buy” rating in a report on Saturday, March 7th. Finally, BMO Capital Markets raised their target price on DXC Technology from $15.00 to $17.00 and gave the stock a “market perform” rating in a report on Tuesday, February 3rd. Seven research analysts have rated the stock with a Hold rating and three have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, DXC Technology currently has an average rating of “Reduce” and a consensus price target of $14.71.

Insider Activity

In related news, CEO Raul J. Fernandez purchased 16,446 shares of the company’s stock in a transaction that occurred on Monday, February 2nd. The shares were purchased at an average price of $15.24 per share, with a total value of $250,637.04. Following the purchase, the chief executive officer owned 816,001 shares of the company’s stock, valued at $12,435,855.24. The trade was a 2.06% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.61% of the stock is owned by company insiders.

About DXC Technology

DXC Technology, headquartered in Tysons Corner, Virginia, is a global leader in IT services and solutions. The company was formed in 2017 through the merger of Computer Sciences Corporation (CSC) and the Enterprise Services business of Hewlett Packard Enterprise, combining decades of experience in consulting, systems integration and managed services. Since its inception, DXC has focused on helping clients modernize IT environments and drive digital transformation across their organizations.

DXC Technology’s core service offerings encompass cloud and platform services, applications and analytics, security, and workplace and mobility solutions.