Raiffeisen Bank International AG Invests $485,000 in DXC Technology (NYSE:DXC)

Raiffeisen Bank International AG acquired a new position in DXC Technology (NYSE:DXC) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 24,226 shares of the company’s stock, valued at approximately $485,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of DXC. Newbridge Financial Services Group Inc. increased its stake in shares of DXC Technology by 116.1% in the 4th quarter. Newbridge Financial Services Group Inc. now owns 1,675 shares of the company’s stock worth $33,000 after purchasing an additional 900 shares in the last quarter. Meeder Asset Management Inc. purchased a new stake in shares of DXC Technology in the 4th quarter worth $55,000. Smartleaf Asset Management LLC increased its stake in shares of DXC Technology by 366.4% in the 4th quarter. Smartleaf Asset Management LLC now owns 2,999 shares of the company’s stock worth $60,000 after purchasing an additional 2,356 shares in the last quarter. Brown Lisle Cummings Inc. increased its stake in shares of DXC Technology by 60.0% in the 4th quarter. Brown Lisle Cummings Inc. now owns 3,200 shares of the company’s stock worth $64,000 after purchasing an additional 1,200 shares in the last quarter. Finally, Quarry LP increased its stake in shares of DXC Technology by 604.1% in the 4th quarter. Quarry LP now owns 3,978 shares of the company’s stock worth $79,000 after purchasing an additional 3,413 shares in the last quarter. 96.20% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on DXC. Morgan Stanley reduced their price objective on DXC Technology from $22.00 to $16.00 and set an “equal weight” rating for the company in a research note on Thursday. Susquehanna cut their price target 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. Royal Bank of Canada cut their price target on DXC Technology from $27.00 to $18.00 and set a “sector perform” rating for the company in a research note on Thursday. Guggenheim reiterated a “neutral” rating on shares of DXC Technology in a research note on Monday, May 12th. Finally, BMO Capital Markets cut their price target on DXC Technology from $26.00 to $17.00 and set a “market perform” rating for the company in a research note on Thursday. One equities research analyst has rated the stock with a sell rating and six have given a hold rating to the company. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $17.83.

DXC Technology Trading Down 4.8%

Shares of DXC stock opened at $15.26 on Friday. 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. The firm has a market capitalization of $2.76 billion, a PE ratio of -36.32, a PEG ratio of 1.16 and a beta of 1.18. The stock has a fifty day simple moving average of $15.90 and a two-hundred day simple moving average of $19.06.

DXC Technology (NYSE:DXC) last released its quarterly earnings data on Wednesday, May 14th. The company reported $0.84 EPS for the quarter, beating the consensus estimate of $0.76 by $0.08. DXC Technology had a negative net margin of 0.57% and a positive return on equity of 20.70%. The business had revenue of $3.17 billion during the quarter, compared to the consensus estimate of $3.13 billion. On average, analysts predict that DXC Technology will post 3.35 EPS for the current fiscal year.

DXC Technology Company 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).