Governors Lane LP boosted its position in shares of DXC Technology (NYSE:DXC) by 14.2% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 843,314 shares of the company’s stock after buying an additional 104,793 shares during the quarter. DXC Technology accounts for approximately 2.9% of Governors Lane LP’s investment portfolio, making the stock its 10th largest position. Governors Lane LP’s holdings in DXC Technology were worth $80,030,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the stock. Boston Partners boosted its stake in DXC Technology by 4.4% during the third quarter. Boston Partners now owns 12,688,006 shares of the company’s stock valued at $1,089,645,000 after buying an additional 532,468 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in DXC Technology by 67.2% during the third quarter. JPMorgan Chase & Co. now owns 4,030,749 shares of the company’s stock valued at $341,768,000 after buying an additional 1,619,573 shares in the last quarter. Investec Asset Management LTD boosted its stake in DXC Technology by 153.8% during the third quarter. Investec Asset Management LTD now owns 3,835,559 shares of the company’s stock valued at $329,398,000 after buying an additional 2,324,095 shares in the last quarter. Janus Henderson Group PLC boosted its stake in DXC Technology by 27.4% during the third quarter. Janus Henderson Group PLC now owns 3,252,957 shares of the company’s stock valued at $279,377,000 after buying an additional 699,026 shares in the last quarter. Finally, American Century Companies Inc. boosted its stake in DXC Technology by 6.9% during the fourth quarter. American Century Companies Inc. now owns 3,075,375 shares of the company’s stock valued at $291,853,000 after buying an additional 198,486 shares in the last quarter. 84.62% of the stock is owned by institutional investors and hedge funds.

DXC Technology (NYSE DXC) opened at $97.24 on Wednesday. The company has a debt-to-equity ratio of 0.48, a current ratio of 0.99 and a quick ratio of 1.00. DXC Technology has a 1 year low of $67.76 and a 1 year high of $102.95. The firm has a market capitalization of $27,968.85, a price-to-earnings ratio of 31.78, a P/E/G ratio of 1.19 and a beta of 1.04.

DXC Technology (NYSE:DXC) last released its quarterly earnings results on Thursday, February 8th. The company reported $2.15 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.99 by $0.16. DXC Technology had a return on equity of 17.97% and a net margin of 5.18%. The business had revenue of $6.19 billion during the quarter, compared to analyst estimates of $6.19 billion. The company’s revenue for the quarter was up 222.7% compared to the same quarter last year. research analysts expect that DXC Technology will post 7.83 earnings per share for the current fiscal year.

Several research analysts recently weighed in on DXC shares. Zacks Investment Research raised DXC Technology from a “hold” rating to a “buy” rating and set a $102.00 target price for the company in a research note on Friday, October 20th. Citigroup raised their target price on DXC Technology to $107.00 in a research note on Wednesday, November 8th. Barclays raised their target price on DXC Technology from $108.00 to $113.00 and gave the company an “overweight” rating in a research note on Tuesday, November 21st. KeyCorp raised their target price on DXC Technology from $107.00 to $116.00 and gave the company an “overweight” rating in a research note on Tuesday, January 9th. Finally, Cantor Fitzgerald reaffirmed a “hold” rating and set a $93.00 target price on shares of DXC Technology in a research note on Wednesday, November 8th. Four analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $103.33.

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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 two segments, Global Business Services (GBS) and Global Infrastructure Services (GIS). The GBS segment offers technology solutions comprising consulting, applications services, and software.

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

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