AQR Capital Management LLC Has $38.83 Million Stock Position in DXC Technology (NYSE:DXC)

AQR Capital Management LLC lifted its stake in DXC Technology (NYSE:DXC) by 43.8% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 1,943,649 shares of the company’s stock after buying an additional 591,841 shares during the quarter. AQR Capital Management LLC’s holdings in DXC Technology were worth $38,834,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of DXC. Treasurer of the State of North Carolina boosted its stake in shares of DXC Technology by 0.6% in the 4th quarter. Treasurer of the State of North Carolina now owns 78,639 shares of the company’s stock valued at $1,571,000 after purchasing an additional 490 shares in the last quarter. Arizona State Retirement System boosted its position in DXC Technology by 1.1% in the fourth quarter. Arizona State Retirement System now owns 52,475 shares of the company’s stock valued at $1,048,000 after buying an additional 566 shares in the last quarter. Highland Capital Management LLC grew its stake in DXC Technology by 6.6% during the fourth quarter. Highland Capital Management LLC now owns 11,850 shares of the company’s stock worth $237,000 after buying an additional 731 shares during the last quarter. Corient Private Wealth LLC increased its holdings in shares of DXC Technology by 2.3% during the fourth quarter. Corient Private Wealth LLC now owns 32,796 shares of the company’s stock worth $655,000 after buying an additional 740 shares in the last quarter. Finally, Newbridge Financial Services Group Inc. raised its stake in shares of DXC Technology by 116.1% in the fourth quarter. Newbridge Financial Services Group Inc. now owns 1,675 shares of the company’s stock valued at $33,000 after acquiring an additional 900 shares during the last quarter. Institutional investors own 96.20% of the company’s stock.

DXC Technology Stock Up 2.4 %

Shares of DXC opened at $16.06 on Friday. The business’s fifty day moving average price is $16.33 and its two-hundred day moving average price is $19.38. The firm has a market capitalization of $2.91 billion, a price-to-earnings ratio of -38.24, a PEG ratio of 1.16 and a beta of 1.37. DXC Technology has a 52 week low of $13.44 and a 52 week high of $24.83. The company has a debt-to-equity ratio of 1.12, a quick ratio of 1.34 and a current ratio of 1.34.

DXC Technology (NYSE:DXC) last posted its quarterly earnings results on Tuesday, February 4th. The company reported $0.92 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.69 by $0.23. DXC Technology had a positive return on equity of 20.70% and a negative net margin of 0.57%. On average, analysts predict that DXC Technology will post 3.35 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on DXC shares. Morgan Stanley raised their price target on DXC Technology from $20.00 to $22.00 and gave the company an “equal weight” rating in a report on Friday, January 31st. Susquehanna lowered their target price on DXC Technology from $23.00 to $16.00 and set a “neutral” rating for the company in a research note on Wednesday, April 23rd. One equities research analyst has rated the stock with a sell rating and six have issued a hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $20.29.

DXC Technology Profile

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