Mitsubishi UFJ Trust & Banking Corp Increases Stock Position in DXC Technology (NYSE:DXC)

Mitsubishi UFJ Trust & Banking Corp raised its position in DXC Technology (NYSE:DXC) by 25.6% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 445,589 shares of the company’s stock after buying an additional 90,855 shares during the period. Mitsubishi UFJ Trust & Banking Corp owned about 0.25% of DXC Technology worth $8,903,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Newbridge Financial Services Group Inc. grew its position in shares of DXC Technology by 116.1% during the 4th 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 period. Smartleaf Asset Management LLC grew its holdings in DXC Technology by 366.4% in the fourth quarter. Smartleaf Asset Management LLC now owns 2,999 shares of the company’s stock valued at $60,000 after purchasing an additional 2,356 shares during the period. Brown Lisle Cummings Inc. increased its position in shares of DXC Technology by 60.0% in the fourth quarter. Brown Lisle Cummings Inc. now owns 3,200 shares of the company’s stock valued at $64,000 after buying an additional 1,200 shares in the last quarter. Quest Partners LLC acquired a new position in shares of DXC Technology during the 3rd quarter worth approximately $97,000. Finally, Matrix Trust Co raised its stake in shares of DXC Technology by 347.2% during the 4th quarter. Matrix Trust Co now owns 9,343 shares of the company’s stock worth $187,000 after buying an additional 7,254 shares during the period. Institutional investors and hedge funds own 96.20% of the company’s stock.

Wall Street Analysts Forecast Growth

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

DXC Technology Stock Down 1.7 %

Shares of DXC opened at $17.10 on Friday. The stock has a 50 day moving average price of $19.35 and a 200 day moving average price of $20.38. 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 stock has a market capitalization of $3.10 billion, a price-to-earnings ratio of -40.70, a PEG ratio of 1.16 and a beta of 1.62. DXC Technology has a one year low of $14.79 and a one year high of $24.83.

DXC Technology (NYSE:DXC) last released its 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 negative net margin of 0.57% and a positive return on equity of 20.70%. Equities research analysts forecast that DXC Technology will post 3.35 earnings per share for the current fiscal year.

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).