KBC Group NV increased its holdings in DXC Technology (NYSE:DXC) by 85.2% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 106,001 shares of the company’s stock after purchasing an additional 48,766 shares during the quarter. KBC Group NV’s holdings in DXC Technology were worth $10,059,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the stock. ETRADE Capital Management LLC boosted its position in shares of DXC Technology by 11.8% in the 3rd quarter. ETRADE Capital Management LLC now owns 5,061 shares of the company’s stock worth $435,000 after buying an additional 535 shares in the last quarter. Mn Services Vermogensbeheer B.V. boosted its position in shares of DXC Technology by 1.3% in the 3rd quarter. Mn Services Vermogensbeheer B.V. now owns 46,749 shares of the company’s stock worth $4,015,000 after buying an additional 600 shares in the last quarter. First Mercantile Trust Co. boosted its position in shares of DXC Technology by 17.2% in the 4th quarter. First Mercantile Trust Co. now owns 4,472 shares of the company’s stock worth $424,000 after buying an additional 656 shares in the last quarter. CIBC Asset Management Inc boosted its position in shares of DXC Technology by 2.3% in the 4th quarter. CIBC Asset Management Inc now owns 29,706 shares of the company’s stock worth $2,819,000 after buying an additional 670 shares in the last quarter. Finally, Fagan Associates Inc. boosted its position in shares of DXC Technology by 13.5% in the 3rd quarter. Fagan Associates Inc. now owns 6,229 shares of the company’s stock worth $535,000 after buying an additional 739 shares in the last quarter. Institutional investors and hedge funds own 84.62% of the company’s stock.

DXC has been the topic of several recent research reports. Morgan Stanley reiterated an “overweight” rating and issued a $104.00 price objective (up from $86.00) on shares of DXC Technology in a research report on Wednesday, October 18th. They noted that the move was a valuation call. Zacks Investment Research upgraded shares of DXC Technology from a “hold” rating to a “buy” rating and set a $102.00 price objective on the stock in a research report on Friday, October 20th. Royal Bank of Canada boosted their price objective on shares of DXC Technology from $87.00 to $99.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 8th. Citigroup boosted their price objective on shares of DXC Technology to $107.00 in a research report on Wednesday, November 8th. Finally, Cantor Fitzgerald reiterated a “hold” rating and issued a $93.00 price objective on shares of DXC Technology in a research report on Wednesday, November 8th. Four investment analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $103.33.

DXC Technology (DXC) opened at $100.14 on Thursday. The stock has a market cap of $27,780.29, a PE ratio of 32.73, a price-to-earnings-growth ratio of 1.18 and a beta of 0.95. The company has a quick ratio of 1.00, a current ratio of 0.99 and a debt-to-equity ratio of 0.48. DXC Technology has a 1-year low of $67.76 and a 1-year high of $102.95.

DXC Technology (NYSE:DXC) last released its earnings results on Thursday, February 8th. The company reported $2.15 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.99 by $0.16. The company had revenue of $6.19 billion for the quarter, compared to analyst estimates of $6.19 billion. DXC Technology had a net margin of 5.18% and a return on equity of 17.97%. The firm’s revenue for the quarter was up 222.7% on a year-over-year basis. equities research analysts predict that DXC Technology will post 7.83 earnings per share for the current year.

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DXC Technology Profile

DXC Technology Company, together with its subsidiaries, provides information technology services and solutions primarily in North America, Europe, Asia, and Australia. It operates through two segments, Global Business Services (GBS) and Global Infrastructure Services (GIS). The GBS segment offers technology solutions comprising consulting, applications services, and software.

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Institutional Ownership by Quarter for DXC Technology (NYSE:DXC)

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