DXC Technology Co (DXC) Shares Sold by Martingale Asset Management L P

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Martingale Asset Management L P lessened its holdings in DXC Technology Co (NYSE:DXC) by 72.2% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 13,911 shares of the company’s stock after selling 36,102 shares during the period. Martingale Asset Management L P’s holdings in DXC Technology were worth $740,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. increased its holdings in shares of DXC Technology by 0.6% in the third quarter. Vanguard Group Inc. now owns 20,616,012 shares of the company’s stock worth $1,928,010,000 after purchasing an additional 122,686 shares during the period. Vanguard Group Inc increased its holdings in shares of DXC Technology by 0.6% in the third quarter. Vanguard Group Inc now owns 20,616,012 shares of the company’s stock worth $1,928,010,000 after purchasing an additional 122,686 shares during the period. BlackRock Inc. increased its holdings in shares of DXC Technology by 6.3% in the fourth quarter. BlackRock Inc. now owns 19,400,215 shares of the company’s stock worth $1,031,510,000 after purchasing an additional 1,153,292 shares during the period. Oregon Public Employees Retirement Fund increased its holdings in shares of DXC Technology by 10,644.8% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 9,088,667 shares of the company’s stock worth $171,000 after purchasing an additional 9,004,080 shares during the period. Finally, Bank of New York Mellon Corp increased its holdings in shares of DXC Technology by 2.1% in the fourth quarter. Bank of New York Mellon Corp now owns 4,179,560 shares of the company’s stock worth $222,227,000 after purchasing an additional 87,962 shares during the period. Hedge funds and other institutional investors own 84.12% of the company’s stock.

Several research analysts have recently weighed in on DXC shares. Zacks Investment Research raised shares of DXC Technology from a “hold” rating to a “buy” rating and set a $64.00 price target on the stock in a report on Tuesday, January 8th. Cowen raised DXC Technology from a “market perform” rating to an “outperform” rating in a research note on Monday, November 26th. SunTrust Banks cut DXC Technology from a “buy” rating to a “hold” rating in a research note on Tuesday, January 8th. Cantor Fitzgerald reissued a “hold” rating and issued a $70.00 target price on shares of DXC Technology in a research note on Monday, January 7th. Finally, BMO Capital Markets reissued a “buy” rating and issued a $85.00 target price on shares of DXC Technology in a research note on Monday, January 7th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company. DXC Technology has a consensus rating of “Buy” and an average target price of $91.42.

DXC opened at $65.32 on Friday. The firm has a market capitalization of $17.58 billion, a P/E ratio of 8.23, a PEG ratio of 1.20 and a beta of 1.54. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.53. DXC Technology Co has a 52 week low of $49.19 and a 52 week high of $107.85.

DXC Technology (NYSE:DXC) last released its earnings results on Thursday, February 7th. The company reported $2.23 EPS for the quarter, beating the Zacks’ consensus estimate of $2.04 by $0.19. The business had revenue of $5.18 billion for the quarter, compared to analysts’ expectations of $5.16 billion. DXC Technology had a return on equity of 19.78% and a net margin of 7.09%. The firm’s revenue was down 5.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.86 earnings per share. As a group, sell-side analysts anticipate that DXC Technology Co will post 8.24 earnings per share for the current fiscal year.

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DXC Technology Company Profile

DXC Technology Company, together with its subsidiaries, provides information technology services and solutions primarily in North America, Europe, Asia, and Australia. It operates through three segments: Global Business Services (GBS), Global Infrastructure Services (GIS), and United States Public Sector (USPS).

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Institutional Ownership by Quarter for DXC Technology (NYSE:DXC)

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