UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC trimmed its position in DXC Technology Company. (NYSE:DXC – Free Report) by 27.9% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 435,205 shares of the company’s stock after selling 168,048 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.27% of DXC Technology worth $3,852,000 as of its most recent SEC filing.
Several other hedge funds have also bought and sold shares of DXC. EverSource Wealth Advisors LLC grew its holdings in DXC Technology by 240.6% during the second quarter. EverSource Wealth Advisors LLC now owns 1,737 shares of the company’s stock worth $27,000 after purchasing an additional 1,227 shares during the period. Hantz Financial Services Inc. raised its stake in DXC Technology by 110.5% in the fourth quarter. Hantz Financial Services Inc. now owns 2,185 shares of the company’s stock valued at $32,000 after buying an additional 1,147 shares during the period. CIBC Private Wealth Group LLC lifted its position in shares of DXC Technology by 13,258.8% in the fourth quarter. CIBC Private Wealth Group LLC now owns 2,271 shares of the company’s stock valued at $33,000 after buying an additional 2,254 shares during the last quarter. Headlands Technologies LLC acquired a new stake in shares of DXC Technology in the second quarter valued at approximately $39,000. Finally, Caitlin John LLC boosted its stake in shares of DXC Technology by 358.0% during the 4th quarter. Caitlin John LLC now owns 3,224 shares of the company’s stock worth $49,000 after acquiring an additional 2,520 shares during the period. 96.20% of the stock is currently owned by institutional investors and hedge funds.
DXC Technology Price Performance
DXC stock opened at $10.92 on Thursday. DXC Technology Company. has a 52-week low of $7.90 and a 52-week high of $15.68. The company has a debt-to-equity ratio of 0.90, a quick ratio of 1.41 and a current ratio of 1.41. The company has a market capitalization of $1.75 billion, a P/E ratio of 15.61 and a beta of 0.80. The company has a fifty day moving average price of $10.53 and a 200-day moving average price of $10.76.
Wall Street Analyst Weigh In
A number of research analysts recently weighed in on the company. Morgan Stanley set a $12.00 target price on DXC Technology in a report on Monday, August 3rd. TD Cowen boosted their price target on DXC Technology from $10.00 to $12.00 and gave the company a “hold” rating in a research note on Monday, August 3rd. Weiss Ratings restated a “sell (d)” rating on shares of DXC Technology in a research report on Friday, August 7th. Stifel Nicolaus decreased their price target on DXC Technology from $12.00 to $10.50 and set a “hold” rating on the stock in a research report on Friday, July 31st. Finally, Zacks Research upgraded shares of DXC Technology from a “strong sell” rating to a “hold” rating in a research report on Monday, July 13th. Seven analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of “Reduce” and a consensus target price of $12.21.
Check Out Our Latest Analysis on DXC
DXC Technology Company Profile
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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