Short Interest in DXC Technology (NYSE:DXC) Grows By 17.3%

DXC Technology (NYSE:DXC) saw a significant growth in short interest during the month of February. As of February 28th, there was short interest totalling 7,610,000 shares, a growth of 17.3% from the February 13th total of 6,490,000 shares. Currently, 4.3% of the company’s stock are sold short. Based on an average daily volume of 1,070,000 shares, the short-interest ratio is presently 7.1 days.

DXC Technology Stock Down 2.7 %

Shares of DXC stock traded down $0.48 during trading hours on Thursday, reaching $17.09. 653,759 shares of the company’s stock were exchanged, compared to its average volume of 1,564,139. The stock’s 50 day moving average is $19.78 and its 200-day moving average is $20.56. The company has a market cap of $3.09 billion, a price-to-earnings ratio of -40.74, a P/E/G ratio of 1.16 and a beta of 1.62. The company has a current ratio of 1.34, a quick ratio of 1.34 and a debt-to-equity ratio of 1.12. DXC Technology has a fifty-two week low of $14.79 and a fifty-two week high of $24.83.

DXC Technology (NYSE:DXC) last issued its quarterly earnings results on Tuesday, February 4th. The company reported $0.92 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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%. Analysts predict that DXC Technology will post 3.35 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, Morgan Stanley increased their price target on shares of DXC Technology from $20.00 to $22.00 and gave the company an “equal weight” rating in a research report on Friday, January 31st. One investment analyst has rated the stock with a sell rating and six have given a hold rating to the stock. According to data from MarketBeat.com, DXC Technology has a consensus rating of “Hold” and an average target price of $21.29.

Hedge Funds Weigh In On DXC Technology

Large investors have recently made changes to their positions in the business. Vanguard Group Inc. increased its position in shares of DXC Technology by 1.2% in the 4th quarter. Vanguard Group Inc. now owns 23,634,617 shares of the company’s stock valued at $472,220,000 after acquiring an additional 270,206 shares during the period. Pacer Advisors Inc. increased its position in shares of DXC Technology by 4.7% in the 3rd quarter. Pacer Advisors Inc. now owns 20,140,488 shares of the company’s stock valued at $417,915,000 after acquiring an additional 899,510 shares during the period. Dimensional Fund Advisors LP increased its position in shares of DXC Technology by 3.8% in the 4th quarter. Dimensional Fund Advisors LP now owns 10,436,557 shares of the company’s stock valued at $208,524,000 after acquiring an additional 378,338 shares during the period. American Century Companies Inc. increased its position in shares of DXC Technology by 18.5% in the 4th quarter. American Century Companies Inc. now owns 5,816,970 shares of the company’s stock valued at $116,223,000 after acquiring an additional 907,004 shares during the period. Finally, LSV Asset Management increased its position in shares of DXC Technology by 0.9% in the 4th quarter. LSV Asset Management now owns 3,382,372 shares of the company’s stock valued at $67,580,000 after acquiring an additional 31,263 shares during the period. 96.20% of the stock is owned by institutional investors and hedge funds.

About DXC Technology

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).