Lateef Investment Management L.P. raised its stake in DXC Technology (NYSE:DXC) by 18.9% during the 4th quarter, HoldingsChannel.com reports. The fund owned 339,585 shares of the company’s stock after acquiring an additional 53,985 shares during the period. DXC Technology makes up about 3.1% of Lateef Investment Management L.P.’s investment portfolio, making the stock its 13th largest position. Lateef Investment Management L.P.’s holdings in DXC Technology were worth $32,227,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors also recently added to or reduced their stakes in the company. Stuart Chaussee & Associates Inc. bought a new position in DXC Technology in the 4th quarter valued at about $100,000. Calton & Associates Inc. bought a new position in shares of DXC Technology during the fourth quarter worth approximately $112,000. Financial Gravity Companies Inc. bought a new position in shares of DXC Technology during the fourth quarter worth approximately $130,000. Cerebellum GP LLC bought a new position in shares of DXC Technology during the fourth quarter worth approximately $130,000. Finally, Patten Group Inc. bought a new position in shares of DXC Technology during the third quarter worth approximately $320,000. 84.84% of the stock is currently owned by hedge funds and other institutional investors.
Shares of DXC Technology (DXC) opened at $106.72 on Monday. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 0.48. The stock has a market cap of $30,488.61, a P/E ratio of 34.88, a P/E/G ratio of 1.30 and a beta of 0.90. DXC Technology has a 52-week low of $67.76 and a 52-week high of $107.13.
Several brokerages have recently commented on DXC. ValuEngine raised shares of DXC Technology from a “buy” rating to a “strong-buy” rating in a report on Saturday. BMO Capital Markets reaffirmed a “buy” rating on shares of DXC Technology in a report on Friday, February 23rd. SunTrust Banks raised their target price on shares of DXC Technology to $100.00 and gave the stock a “hold” rating in a report on Monday, November 13th. Cowen reaffirmed a “hold” rating and set a $96.00 target price on shares of DXC Technology in a report on Wednesday, January 3rd. Finally, Citigroup reaffirmed a “buy” rating and set a $117.00 target price (up from $107.00) on shares of DXC Technology in a report on Thursday, January 18th. Four investment analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and two have given a strong buy rating to the stock. DXC Technology has an average rating of “Buy” and an average target price of $103.33.
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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