55,287 DXC Technology Company. $DXC Shares Bought by Fulcrum Asset Management LLP

Fulcrum Asset Management LLP raised its holdings in shares of DXC Technology Company. (NYSE:DXC) by 461.5% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 67,268 shares of the company’s stock after buying an additional 55,287 shares during the quarter. Fulcrum Asset Management LLP’s holdings in DXC Technology were worth $695,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the business. Yousif Capital Management LLC boosted its position in shares of DXC Technology by 2.1% in the third quarter. Yousif Capital Management LLC now owns 57,828 shares of the company’s stock valued at $626,000 after acquiring an additional 1,170 shares during the period. Versant Capital Management Inc increased its position in DXC Technology by 16.2% during the third quarter. Versant Capital Management Inc now owns 8,682 shares of the company’s stock worth $94,000 after acquiring an additional 1,208 shares during the period. Cidel Asset Management Inc. increased its position in DXC Technology by 9.1% during the third quarter. Cidel Asset Management Inc. now owns 15,516 shares of the company’s stock worth $168,000 after acquiring an additional 1,299 shares during the period. Bessemer Group Inc. increased its position in DXC Technology by 61.1% during the first quarter. Bessemer Group Inc. now owns 3,680 shares of the company’s stock worth $47,000 after acquiring an additional 1,395 shares during the period. Finally, Covestor Ltd raised its stake in DXC Technology by 31.2% during the 2nd quarter. Covestor Ltd now owns 6,603 shares of the company’s stock valued at $58,000 after purchasing an additional 1,570 shares during the last quarter. 96.20% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on DXC. Stifel Nicolaus reduced their price target on shares of DXC Technology from $12.00 to $10.50 and set a “hold” rating for the company in a report on Friday, July 31st. TD Cowen lifted their target price on DXC Technology from $10.00 to $12.00 and gave the stock a “hold” rating in a research report on Monday, August 3rd. Weiss Ratings lowered shares of DXC Technology from a “sell (d+)” rating to a “sell (d)” rating in a report on Monday, November 2nd. Royal Bank Of Canada lowered their price objective on DXC Technology from $16.00 to $14.00 and set a “sector perform” rating on the stock in a research note on Friday, July 31st. Finally, JPMorgan Chase & Co. increased their price objective on DXC Technology from $12.00 to $13.00 and gave the stock an “underweight” rating in a research note on Friday, October 30th. Six analysts have rated the stock with a Hold rating and four have issued a Sell rating to the company. According to MarketBeat, the company has an average rating of “Reduce” and an average price target of $12.06.

DXC Technology Trading Down 3.2%

Shares of DXC stock opened at $14.79 on Friday. The company has a quick ratio of 1.15, a current ratio of 1.15 and a debt-to-equity ratio of 0.64. The company has a market capitalization of $2.30 billion, a P/E ratio of 22.75 and a beta of 0.76. DXC Technology Company. has a 12-month low of $7.90 and a 12-month high of $16.38. The firm has a 50-day moving average price of $12.98 and a 200 day moving average price of $11.59.

DXC Technology (NYSE:DXC) last posted its quarterly earnings data on Thursday, October 29th. The company reported $0.67 earnings per share for the quarter, topping the consensus estimate of $0.55 by $0.12. The company had revenue of $3.03 billion during the quarter, compared to analyst estimates of $2.98 billion. DXC Technology had a net margin of 0.91% and a return on equity of 14.35%. The company’s revenue was down 4.1% on a year-over-year basis. During the same quarter last year, the business posted $0.84 earnings per share. Research analysts forecast that DXC Technology Company. will post 2.36 earnings per share for the current fiscal year.

DXC Technology Company Profile

DXC Technology is an information technology services and consulting company that helps businesses and government organizations manage and modernize their technology operations. Its services include IT infrastructure management, cloud and platform services, application development and maintenance, cybersecurity, and digital transformation consulting. The company also provides software and technology solutions for industries such as insurance, healthcare, banking, manufacturing, and the public sector.