Twelve Points Wealth Management LLC Has $1.67 Million Position in DXC Technology (NYSE:DXC)

Twelve Points Wealth Management LLC lifted its holdings in DXC Technology (NYSE:DXC) by 20.9% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 83,467 shares of the company’s stock after purchasing an additional 14,445 shares during the quarter. Twelve Points Wealth Management LLC’s holdings in DXC Technology were worth $1,668,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Millennium Management LLC increased its position in shares of DXC Technology by 352.6% during the second quarter. Millennium Management LLC now owns 625,197 shares of the company’s stock worth $11,935,000 after acquiring an additional 487,072 shares in the last quarter. Barclays PLC boosted its stake in DXC Technology by 273.6% in the 3rd quarter. Barclays PLC now owns 85,831 shares of the company’s stock worth $1,781,000 after purchasing an additional 62,857 shares during the period. Point72 Asset Management L.P. bought a new position in DXC Technology during the 3rd quarter worth about $1,438,000. Dynamic Technology Lab Private Ltd acquired a new stake in shares of DXC Technology in the 3rd quarter valued at about $1,904,000. Finally, Royce & Associates LP lifted its holdings in shares of DXC Technology by 124.7% in the third quarter. Royce & Associates LP now owns 91,971 shares of the company’s stock valued at $1,908,000 after purchasing an additional 51,041 shares in the last quarter. 96.20% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the company. BMO Capital Markets lifted their target price on DXC Technology from $22.00 to $25.00 and gave the company a “market perform” rating in a research report on Monday, November 11th. Susquehanna boosted their price target on shares of DXC Technology from $19.00 to $23.00 and gave the stock a “neutral” rating in a research report on Friday, November 8th. One research analyst has rated the stock with a sell rating and seven have assigned a hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $20.88.

DXC Technology Stock Performance

Shares of NYSE DXC opened at $21.47 on Wednesday. DXC Technology has a 12 month low of $14.78 and a 12 month high of $24.83. The stock has a 50 day moving average of $21.11 and a 200-day moving average of $20.62. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 1.18. The company has a market capitalization of $3.89 billion, a P/E ratio of 268.40, a P/E/G ratio of 1.34 and a beta of 1.66.

DXC Technology (NYSE:DXC) last issued its quarterly earnings data on Thursday, November 7th. The company reported $0.93 earnings per share for the quarter, beating the consensus estimate of $0.72 by $0.21. The company had revenue of $3.24 billion for the quarter, compared to analyst estimates of $3.21 billion. DXC Technology had a net margin of 0.18% and a return on equity of 20.42%. During the same period in the prior year, the firm earned $0.70 earnings per share. As a group, equities research analysts predict that DXC Technology will post 3.18 EPS for the current year.

DXC Technology Profile

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).