JPMorgan Chase & Co. Purchases 10,922 Shares of DXC Technology (NYSE:DXC)

JPMorgan Chase & Co. grew its holdings in shares of DXC Technology (NYSE:DXC) by 1.3% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 823,191 shares of the company’s stock after buying an additional 10,922 shares during the period. JPMorgan Chase & Co. owned 0.45% of DXC Technology worth $17,081,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. TD Asset Management Inc boosted its stake in DXC Technology by 17.3% during the second quarter. TD Asset Management Inc now owns 118,800 shares of the company’s stock worth $2,268,000 after acquiring an additional 17,500 shares in the last quarter. Victory Capital Management Inc. lifted its holdings in shares of DXC Technology by 25.1% during the second quarter. Victory Capital Management Inc. now owns 78,532 shares of the company’s stock valued at $1,499,000 after purchasing an additional 15,738 shares during the last quarter. Choreo LLC bought a new stake in shares of DXC Technology in the 2nd quarter worth approximately $186,000. United Services Automobile Association grew its stake in shares of DXC Technology by 5.0% in the 2nd quarter. United Services Automobile Association now owns 14,333 shares of the company’s stock worth $274,000 after buying an additional 679 shares during the last quarter. Finally, American Century Companies Inc. increased its position in DXC Technology by 20.8% during the 2nd quarter. American Century Companies Inc. now owns 3,991,295 shares of the company’s stock valued at $76,194,000 after buying an additional 687,522 shares in the last quarter. 96.20% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

DXC has been the topic of several analyst reports. Susquehanna boosted their target price on DXC Technology from $19.00 to $23.00 and gave the stock a “neutral” rating in a report on Friday, November 8th. BMO Capital Markets lifted their price target on DXC Technology from $22.00 to $25.00 and gave the stock a “market perform” rating in a research report on Monday, November 11th. Two equities research analysts have rated the stock with a sell rating and seven have issued a hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $20.89.

DXC Technology Trading Up 0.8 %

DXC Technology stock opened at $20.49 on Friday. DXC Technology has a one year low of $14.78 and a one year high of $24.83. The business’s fifty day moving average is $21.28 and its 200 day moving average is $20.42. The stock has a market capitalization of $3.71 billion, a PE ratio of 256.16, a price-to-earnings-growth ratio of 1.40 and a beta of 1.66. 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 (NYSE:DXC) last announced its quarterly earnings results on Thursday, November 7th. The company reported $0.93 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.72 by $0.21. DXC Technology had a net margin of 0.18% and a return on equity of 20.42%. The firm had revenue of $3.24 billion for the quarter, compared to the consensus estimate of $3.21 billion. During the same quarter last year, the firm posted $0.70 EPS. On average, sell-side analysts predict that DXC Technology will post 3.18 EPS for the current year.

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).