Duality Advisers LP Has $1.48 Million Position in DXC Technology (NYSE:DXC)

Duality Advisers LP raised its holdings in shares of DXC Technology (NYSE:DXC) by 38.2% in the 4th quarter, HoldingsChannel reports. The firm owned 64,756 shares of the company’s stock after buying an additional 17,896 shares during the period. Duality Advisers LP’s holdings in DXC Technology were worth $1,481,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in DXC. Invesco Ltd. increased its holdings in DXC Technology by 9.5% in the 3rd quarter. Invesco Ltd. now owns 17,080,376 shares of the company’s stock valued at $355,784,000 after buying an additional 1,478,484 shares during the period. Pacer Advisors Inc. increased its stake in DXC Technology by 86.8% in the fourth quarter. Pacer Advisors Inc. now owns 8,234,245 shares of the company’s stock valued at $188,317,000 after acquiring an additional 3,827,176 shares during the last quarter. LSV Asset Management raised its position in DXC Technology by 0.7% during the third quarter. LSV Asset Management now owns 3,553,327 shares of the company’s stock valued at $74,016,000 after purchasing an additional 25,579 shares in the last quarter. Ameriprise Financial Inc. lifted its stake in DXC Technology by 0.3% during the third quarter. Ameriprise Financial Inc. now owns 2,992,875 shares of the company’s stock worth $62,342,000 after purchasing an additional 8,235 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its holdings in shares of DXC Technology by 21.8% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,541,257 shares of the company’s stock valued at $52,934,000 after purchasing an additional 455,115 shares in the last quarter. 96.20% of the stock is owned by institutional investors.

DXC Technology Stock Up 3.6 %

NYSE:DXC opened at $21.16 on Wednesday. DXC Technology has a one year low of $18.61 and a one year high of $28.89. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 1.15. The firm’s 50 day simple moving average is $20.94 and its 200 day simple moving average is $21.93.

DXC Technology (NYSE:DXC) last released its quarterly earnings results on Thursday, February 1st. The company reported $0.87 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.77 by $0.10. DXC Technology had a negative net margin of 3.35% and a positive return on equity of 19.00%. The firm had revenue of $3.40 billion during the quarter, compared to the consensus estimate of $3.36 billion. During the same quarter last year, the firm earned $0.95 earnings per share. The company’s revenue for the quarter was down 4.7% on a year-over-year basis. On average, equities analysts anticipate that DXC Technology will post 3.03 EPS for the current fiscal year.

Insider Buying and Selling

In other DXC Technology news, EVP William L. Deckelman, Jr. sold 18,102 shares of the company’s stock in a transaction dated Thursday, February 29th. The stock was sold at an average price of $21.73, for a total value of $393,356.46. Following the sale, the executive vice president now owns 124,806 shares in the company, valued at approximately $2,712,034.38. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.87% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the company. Citigroup downgraded DXC Technology from a “neutral” rating to a “sell” rating and dropped their price objective for the stock from $24.00 to $21.00 in a research report on Wednesday, January 17th. Royal Bank of Canada restated a “sector perform” rating and issued a $24.00 price target on shares of DXC Technology in a research note on Friday, February 2nd. JPMorgan Chase & Co. cut shares of DXC Technology from a “neutral” rating to an “underweight” rating and lowered their price objective for the stock from $27.00 to $24.00 in a research report on Wednesday, January 24th. Finally, Guggenheim started coverage on shares of DXC Technology in a research report on Tuesday, March 19th. They issued a “neutral” rating and a $22.00 target price on the stock. Three investment analysts have rated the stock with a sell rating and six have given a hold rating to the company’s stock. According to MarketBeat.com, DXC Technology currently has a consensus rating of “Hold” and a consensus price target of $23.20.

About DXC Technology

DXC Technology Company, together with its subsidiaries, provides information technology services and solutions primarily 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).