DXC Technology (NYSE:DXC) Stock Holdings Increased by Barclays PLC

Barclays PLC raised its holdings in shares of DXC Technology (NYSE:DXC) by 273.6% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 85,831 shares of the company’s stock after buying an additional 62,857 shares during the period. Barclays PLC’s holdings in DXC Technology were worth $1,781,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the business. XTX Topco Ltd boosted its stake in shares of DXC Technology by 294.7% during the 3rd quarter. XTX Topco Ltd now owns 53,686 shares of the company’s stock worth $1,114,000 after acquiring an additional 40,085 shares in the last quarter. RBF Capital LLC purchased a new stake in shares of DXC Technology during the third quarter valued at $622,000. Point72 Asset Management L.P. acquired a new position in shares of DXC Technology in the 3rd quarter valued at $1,438,000. Benjamin Edwards Inc. purchased a new position in DXC Technology in the 3rd quarter worth about $664,000. Finally, Qsemble Capital Management LP acquired a new stake in DXC Technology during the 3rd quarter worth about $218,000. Institutional investors and hedge funds own 96.20% of the company’s stock.

DXC Technology Stock Performance

Shares of NYSE DXC opened at $20.20 on Friday. The company has a debt-to-equity ratio of 1.18, a current ratio of 1.25 and a quick ratio of 1.25. DXC Technology has a one year low of $14.78 and a one year high of $24.83. The business’s 50-day moving average price is $21.33 and its two-hundred day moving average price is $20.30. The company has a market capitalization of $3.66 billion, a P/E ratio of 252.53, a price-to-earnings-growth ratio of 1.40 and a beta of 1.65.

DXC Technology (NYSE:DXC) last announced its quarterly earnings results on Thursday, November 7th. The company reported $0.93 EPS for the quarter, beating the consensus estimate of $0.72 by $0.21. DXC Technology had a return on equity of 20.42% and a net margin of 0.18%. The business had revenue of $3.24 billion during the quarter, compared to analysts’ expectations of $3.21 billion. During the same quarter in the previous year, the business posted $0.70 EPS. Analysts anticipate that DXC Technology will post 3.18 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the stock. BMO Capital Markets upped their price target on shares of DXC Technology from $22.00 to $25.00 and gave the company a “market perform” rating in a research report on Monday, November 11th. Susquehanna raised their price objective on DXC Technology from $19.00 to $23.00 and gave the stock a “neutral” rating in a research report on Friday, November 8th. Finally, JPMorgan Chase & Co. lifted their target price on DXC Technology from $19.00 to $22.00 and gave the company an “underweight” rating in a research note on Friday, September 6th. Two analysts have rated the stock with a sell rating and seven have assigned a hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $20.89.

About DXC Technology

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).