Nykredit A S acquired a new position in shares of DXC Technology Company. (NYSE:DXC – Free Report) in the 2nd quarter, Holdings Channel.com reports. The firm acquired 5,828,244 shares of the company’s stock, valued at approximately $51,580,000.
Several other institutional investors and hedge funds also recently made changes to their positions in the company. Nierenberg Investment Management Company LLC acquired a new stake in shares of DXC Technology during the second quarter worth $907,214. Dimensional Fund Advisors LP increased its position in DXC Technology by 2.6% during the first quarter. Dimensional Fund Advisors LP now owns 10,029,966 shares of the company’s stock worth $126,068,000 after acquiring an additional 258,819 shares during the period. Hara Capital LLC acquired a new stake in DXC Technology in the 2nd quarter worth about $2,318,000. CastleKnight Management LP boosted its holdings in DXC Technology by 344.7% in the 4th quarter. CastleKnight Management LP now owns 324,651 shares of the company’s stock valued at $4,756,000 after purchasing an additional 251,651 shares during the period. Finally, GSA Capital Partners LLP acquired a new position in shares of DXC Technology during the 2nd quarter worth approximately $2,572,000. Institutional investors and hedge funds own 96.20% of the company’s stock.
DXC Technology Stock Performance
NYSE DXC opened at $11.66 on Thursday. The company has a current ratio of 1.41, a quick ratio of 1.41 and a debt-to-equity ratio of 0.90. The firm has a market capitalization of $1.86 billion, a price-to-earnings ratio of 16.65 and a beta of 0.80. The firm’s 50 day simple moving average is $10.27 and its 200 day simple moving average is $10.83. DXC Technology Company. has a 1 year low of $7.90 and a 1 year high of $15.68.
Wall Street Analysts Forecast Growth
A number of equities research analysts have recently weighed in on the stock. Weiss Ratings reiterated a “sell (d)” rating on shares of DXC Technology in a research report on Friday, August 7th. TD Cowen increased their price target on DXC Technology from $10.00 to $12.00 and gave the stock a “hold” rating in a research report on Monday, August 3rd. Stifel Nicolaus lowered their price objective on DXC Technology from $12.00 to $10.50 and set a “hold” rating on the stock in a research note on Friday, July 31st. Royal Bank Of Canada dropped their price objective on DXC Technology from $16.00 to $14.00 and set a “sector perform” rating for the company in a report on Friday, July 31st. Finally, Morgan Stanley set a $12.00 target price on DXC Technology in a research report on Monday, August 3rd. Seven analysts have rated the stock with a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of “Reduce” and a consensus price target of $12.21.
Read Our Latest Analysis on DXC
About DXC Technology
DXC Technology, headquartered in Tysons Corner, Virginia, is a global leader in IT services and solutions. The company was formed in 2017 through the merger of Computer Sciences Corporation (CSC) and the Enterprise Services business of Hewlett Packard Enterprise, combining decades of experience in consulting, systems integration and managed services. Since its inception, DXC has focused on helping clients modernize IT environments and drive digital transformation across their organizations.
DXC Technology’s core service offerings encompass cloud and platform services, applications and analytics, security, and workplace and mobility solutions.
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