Quadrature Capital Ltd Boosts Stock Position in DXC Technology (NYSE:DXC)

Quadrature Capital Ltd raised its position in shares of DXC Technology (NYSE:DXC) by 138.1% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 63,420 shares of the company’s stock after buying an additional 36,781 shares during the period. Quadrature Capital Ltd’s holdings in DXC Technology were worth $1,345,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also modified their holdings of the company. Glenview Capital Management LLC raised its stake in DXC Technology by 33.6% in the fourth quarter. Glenview Capital Management LLC now owns 13,006,623 shares of the company’s stock valued at $297,461,000 after buying an additional 3,272,212 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in DXC Technology by 19.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 8,468,575 shares of the company’s stock valued at $193,679,000 after buying an additional 1,386,314 shares in the last quarter. FIL Ltd raised its stake in DXC Technology by 4.2% in the fourth quarter. FIL Ltd now owns 6,598,101 shares of the company’s stock valued at $150,899,000 after buying an additional 267,480 shares in the last quarter. CANADA LIFE ASSURANCE Co raised its stake in DXC Technology by 1.8% in the first quarter. CANADA LIFE ASSURANCE Co now owns 3,184,365 shares of the company’s stock valued at $67,615,000 after buying an additional 55,467 shares in the last quarter. Finally, Russell Investments Group Ltd. raised its stake in DXC Technology by 4.1% in the fourth quarter. Russell Investments Group Ltd. now owns 1,044,398 shares of the company’s stock valued at $23,886,000 after buying an additional 41,468 shares in the last quarter. 96.20% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

DXC has been the topic of a number of analyst reports. BMO Capital Markets cut their price target on DXC Technology from $23.00 to $17.50 and set a “market perform” rating on the stock in a research note on Friday, May 17th. Royal Bank of Canada cut their target price on DXC Technology from $24.00 to $18.00 and set a “sector perform” rating on the stock in a research report on Friday, May 17th. Susquehanna lifted their target price on DXC Technology from $15.00 to $19.00 and gave the stock a “neutral” rating in a research report on Wednesday, June 12th. Morgan Stanley cut their target price on DXC Technology from $21.00 to $18.00 and set an “equal weight” rating on the stock in a research report on Friday, May 17th. Finally, Stifel Nicolaus cut their target price on DXC Technology from $21.00 to $19.00 and set a “hold” rating on the stock in a research report on Friday, May 17th. Three investment analysts have rated the stock with a sell rating and eight have issued a hold rating to the stock. According to MarketBeat.com, DXC Technology has a consensus rating of “Hold” and an average target price of $20.14.

DXC Technology Stock Performance

Shares of NYSE DXC traded up $0.29 during midday trading on Friday, reaching $20.06. 827,858 shares of the company were exchanged, compared to its average volume of 1,270,750. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 1.25. DXC Technology has a 1 year low of $14.78 and a 1 year high of $28.83. The stock has a fifty day simple moving average of $17.93 and a 200 day simple moving average of $20.01. The stock has a market cap of $3.62 billion, a P/E ratio of 54.22, a PEG ratio of 2.26 and a beta of 1.73.

DXC Technology (NYSE:DXC) last released its quarterly earnings results on Thursday, May 16th. The company reported $0.97 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.83 by $0.14. DXC Technology had a return on equity of 18.43% and a net margin of 0.67%. The firm had revenue of $3.39 billion for the quarter, compared to analyst estimates of $3.37 billion. During the same quarter last year, the company posted $1.02 earnings per share. The business’s revenue was down 5.6% on a year-over-year basis. On average, research analysts forecast that DXC Technology will post 2.73 earnings per share for the current fiscal year.

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).