Meeder Asset Management Inc. Takes Position in DXC Technology (NYSE:DXC)

Meeder Asset Management Inc. bought a new position in shares of DXC Technology (NYSE:DXC) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund bought 2,775 shares of the company’s stock, valued at approximately $55,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. American Century Companies Inc. boosted its holdings in shares of DXC Technology by 18.5% during the fourth quarter. American Century Companies Inc. now owns 5,816,970 shares of the company’s stock worth $116,223,000 after acquiring an additional 907,004 shares during the period. Norges Bank bought a new stake in DXC Technology in the 4th quarter valued at $17,399,000. Assenagon Asset Management S.A. boosted its stake in DXC Technology by 4,893.5% in the 4th quarter. Assenagon Asset Management S.A. now owns 669,576 shares of the company’s stock valued at $13,378,000 after purchasing an additional 656,167 shares during the period. Brandywine Global Investment Management LLC acquired a new position in DXC Technology in the 4th quarter valued at $11,078,000. Finally, Vanguard Group Inc. increased its position in DXC Technology by 1.2% during the 4th quarter. Vanguard Group Inc. now owns 23,634,617 shares of the company’s stock worth $472,220,000 after buying an additional 270,206 shares during the period. Institutional investors and hedge funds own 96.20% of the company’s stock.

Analysts Set New Price Targets

Separately, Morgan Stanley boosted their target price on shares of DXC Technology from $20.00 to $22.00 and gave the company an “equal weight” rating in a research report on Friday, January 31st. One investment analyst has rated the stock with a sell rating and six have given a hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $21.29.

DXC Technology Price Performance

DXC Technology stock opened at $17.32 on Wednesday. The firm has a market cap of $3.13 billion, a PE ratio of -41.23, a price-to-earnings-growth ratio of 1.16 and a beta of 1.62. The company has a debt-to-equity ratio of 1.12, a current ratio of 1.34 and a quick ratio of 1.34. The stock’s fifty day moving average price is $19.21 and its two-hundred day moving average price is $20.32. DXC Technology has a one year low of $14.79 and a one year high of $24.83.

DXC Technology (NYSE:DXC) last issued its quarterly earnings results on Tuesday, February 4th. The company reported $0.92 EPS for the quarter, topping analysts’ consensus estimates of $0.69 by $0.23. DXC Technology had a positive return on equity of 20.70% and a negative net margin of 0.57%. As a group, research analysts expect that DXC Technology will post 3.35 EPS 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).