Glenhill Advisors LLC reduced its holdings in DXC Technology (NYSE:DXC) by 37.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 183,752 shares of the company’s stock after selling 111,329 shares during the period. DXC Technology accounts for about 1.3% of Glenhill Advisors LLC’s portfolio, making the stock its 23rd largest holding. Glenhill Advisors LLC owned about 0.06% of DXC Technology worth $17,438,000 as of its most recent SEC filing.
A number of other hedge funds have also modified their holdings of DXC. Burke & Herbert Bank & Trust Co. bought a new stake in shares of DXC Technology during the 4th quarter worth about $259,000. Eqis Capital Management Inc. bought a new stake in DXC Technology in the 4th quarter valued at about $1,246,000. Prudential Financial Inc. boosted its holdings in DXC Technology by 0.5% in the 3rd quarter. Prudential Financial Inc. now owns 398,426 shares of the company’s stock valued at $34,217,000 after purchasing an additional 1,990 shares during the period. California Public Employees Retirement System boosted its holdings in DXC Technology by 1.5% in the 3rd quarter. California Public Employees Retirement System now owns 653,530 shares of the company’s stock valued at $56,125,000 after purchasing an additional 9,383 shares during the period. Finally, Commerzbank Aktiengesellschaft FI lifted its holdings in shares of DXC Technology by 10.2% during the 4th quarter. Commerzbank Aktiengesellschaft FI now owns 57,334 shares of the company’s stock worth $5,441,000 after acquiring an additional 5,302 shares during the period. Hedge funds and other institutional investors own 84.84% of the company’s stock.
DXC has been the subject of a number of recent analyst reports. BMO Capital Markets reaffirmed a “buy” rating on shares of DXC Technology in a report on Friday, February 23rd. Zacks Investment Research upgraded shares of DXC Technology from a “hold” rating to a “buy” rating and set a $109.00 price objective for the company in a research report on Tuesday, February 13th. SunTrust Banks upgraded shares of DXC Technology from a “hold” rating to a “buy” rating in a research report on Wednesday, January 31st. Citigroup restated a “buy” rating and issued a $117.00 price target (up from $107.00) on shares of DXC Technology in a research report on Thursday, January 18th. Finally, Cowen reaffirmed a “hold” rating and issued a $96.00 price objective on shares of DXC Technology in a research note on Wednesday, January 3rd. Four equities research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and two have given a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $103.33.
DXC Technology (NYSE:DXC) last released its quarterly earnings data on Thursday, February 8th. The company reported $2.15 EPS for the quarter, beating analysts’ consensus estimates of $1.99 by $0.16. DXC Technology had a net margin of 5.18% and a return on equity of 17.97%. The company had revenue of $6.19 billion during the quarter, compared to analyst estimates of $6.19 billion. The firm’s revenue for the quarter was up 222.7% compared to the same quarter last year. research analysts expect that DXC Technology will post 7.86 earnings per share for the current year.
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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