Is DXC Technology Company (DXC) A Good Stock To Buy?
Is DXC Technology Company (DXC) A Good Stock To Buy?
How do you pick the next stock to invest in? One way would be to spend days of research browsing through thousands of publicly traded companies. However, an easier way is to look at the stocks that smart money investors are collectively bullish on. Hedge funds and other institutional investors usually invest large amounts of capital and have to conduct due diligence while choosing their next pick. They don't always get it right, but, on average, their stock picks historically generated strong returns after adjusting for known risk factors. With this in mind, let’s take a look at the recent hedge fund activity surrounding DXC Technology Company (NYSE:DXC) and determine whether hedge funds had an edge regarding this stock.
你如何挑選下一隻要投資的股票？一種方法是花幾天的時間對數千家上市公司進行研究。然而，更簡單的方法是看看聰明的投資者集體看好的股票。對衝基金和其他機構投資者通常會投入大量資本，在選擇下一個選擇時必須進行盡職調查。他們並不總是正確的，但平均而言，他們挑選的股票在根據已知風險因素進行調整後，歷史上產生了強勁的回報。有鑑於此，讓我們來看看近期圍繞DXC科技公司(DXC Technology Company)的對衝基金活動。紐約證券交易所：DXC)和確定對衝基金對這隻股票是否有優勢。
DXC Technology Company (NYSE: DXC)has experienced a decrease in support from the world's most elite money managers recently. DXC Technology Company (NYSE:DXC) was in 40 hedge funds' portfolios at the end of the second quarter of 2020. The all time high for this statistics is 60. Our calculations also showed that DXC isn't among the30 most popular stocks among hedge funds(click for Q2 rankings and see the video for a quick look at the top 5 stocks). Video: Watch our video about the top 5 most popular hedge fund stocks.
DXC科技公司(紐約證券交易所：DXC(DXC：行情)最近經歷了來自全球最精英基金經理的支持減少.截至2020年第二季度末，DXC科技公司(紐約證券交易所代碼：DXC)在40家對衝基金的投資組合中。這一統計數據的歷史最高值為60。我們的計算還顯示，DXC不在對衝基金最受歡迎的30只股票之列(點擊查看第二季度排名，查看視頻快速查看前5只股票)。視頻：觀看我們關於最受歡迎的5只對衝基金股票的視頻。
In the financial world there are a large number of tools investors have at their disposal to grade stocks. A pair of the most under-the-radar tools are hedge fund and insider trading indicators. We have shown that, historically, those who follow the top picks of the best fund managers can outperform the broader indices by a solid amount. Insider Monkey's monthly stock picks returned 101% since March 2017 and outperformed the S&P 500 ETFs by more than 56 percentage points. Our short strategy outperformed the S&P 500 short ETFs by 20 percentage points annually (see the details here). That's why we believe hedge fund sentiment is a useful indicator that investors should pay attention to.
在金融界，投資者有大量工具可以用來給股票評級。最不為人注意的兩種工具是對衝基金和內幕交易指標。我們已經證明，從歷史上看，那些追隨最優秀基金經理的人的表現可以比更廣泛的指數高出很多。自2017年3月以來，Insider Monkey的月度選股回報率為101%，表現比標準普爾500指數ETF高出逾56個百分點。我們的做空策略每年的表現比標準普爾500指數做空ETF高出20個百分點(詳情請看這裏)。這就是為什麼我們認為對衝基金情緒是一個有用的指標，投資者應該注意。
Larry Robbins of Glenview Capital
Glenview Capital的拉里·羅賓斯
At Insider Monkey we scour multiple sources to uncover the next great investment idea. For example, Federal Reserve has been creating trillions of dollars electronically to keep the interest rates near zero. We believe this will lead to inflation and boost precious metals prices. So, we are checking out this junior gold mining stock . Legal marijuana is one of the fastest growing industries right now, so we are checking out stock pitches like “ the Starbucks of cannabis ” to identify the next tenbagger. We read hedge fund investor letters and listen to stock pitches at hedge fund conferences. We go through lists like the 10 most profitable companies in the world to pick the best large-cap stocks to buy. Even though we recommend positions in only a tiny fraction of the companies we analyze, we check out as many stocks as we can. With all of this in mind let's take a glance at the latest hedge fund action regarding DXC Technology Company (NYSE:DXC).
在Insider Monkey，我們搜索多個來源，以發現下一個偉大的投資想法。例如，美聯儲一直在通過電子手段創造數萬億美元，以將利率保持在接近零的水平。我們認為這將導致通脹並提振貴金屬價格。所以，我們正在調查這件事初級金礦股。合法大麻是目前增長最快的行業之一，所以我們正在查看股票推介，比如這個星巴克大麻的數量“來辨認下一個刺客。我們閲讀對衝基金投資者的信件，並在對衝基金會議上聽取股票推介。我們看了一下清單，比如10最賺錢的公司在世界上挑選最好的大盤股來購買。儘管我們只推薦了我們分析的公司中的一小部分，但我們會盡可能多地查看股票。考慮到這一切，讓我們來看看對衝基金對DXC科技公司(紐約證券交易所代碼：DXC)的最新行動。
How are hedge funds trading DXC Technology Company (NYSE:DXC)?
對衝基金如何交易DXC科技公司(紐約證券交易所代碼：DXC)？
At the end of the second quarter, a total of 40 of the hedge funds tracked by Insider Monkey were bullish on this stock, a change of -2% from one quarter earlier. On the other hand, there were a total of 41 hedge funds with a bullish position in DXC a year ago. With hedge funds' positions undergoing their usual ebb and flow, there exists an "upper tier" of notable hedge fund managers who were increasing their holdings substantially (or already accumulated large positions).
在第二季度末，Insider Monkey追蹤的對衝基金中，共有40家看好這隻股票，較上一季度變化了-2%。另一方面，一年前共有41家對衝基金持有DXC的看漲頭寸。隨着對衝基金的頭寸像往常一樣經歷潮起潮落，存在着一批著名的對衝基金經理，他們正在大幅增持(或已經積累了大量頭寸)。
The largest stake in DXC Technology Company (NYSE:DXC) was held byGlenview Capital, which reported holding $197.8 million worth of stock at the end of September. It was followed by Miller Value Partners with a $67 million position. Other investors bullish on the company included Maverick Capital, Arrowstreet Capital, and Atlantic Investment Management. In terms of the portfolio weights assigned to each positionAtlantic Investment Managementallocated the biggest weight to DXC Technology Company (NYSE:DXC), around 16.29% of its 13F portfolio. Glenview Capital is also relatively very bullish on the stock, designating 5.45 percent of its 13F equity portfolio to DXC.
DXC科技公司(紐約證券交易所代碼：DXC)的最大股份由Glenview Capital持有，據報道，截至9月底，Glenview Capital持有價值1.978億美元的股票。米勒緊隨其後價值合作伙伴擁有6700萬美元的頭寸。其他看好該公司的投資者包括Maverick Capital、ArrowStreet Capital和大西洋投資管理公司。就分配給每個職位的投資組合權重而言，大西洋投資管理公司分配給DXC科技公司(紐約證券交易所代碼：DXC)的權重最大，約佔其13F投資組合的16.29%。Glenview Capital也相對非常看好該股，將其13F股票投資組合中的5.45%指定給DXC。
Seeing as DXC Technology Company (NYSE:DXC) has witnessed falling interest from the entirety of the hedge funds we track, we can see that there were a few hedgies who sold off their entire stakes last quarter. Intriguingly, Aaron Cowen'sSuvretta Capital Managementsaid goodbye to the biggest position of the "upper crust" of funds tracked by Insider Monkey, valued at about $8.5 million in stock, and Wallace Weitz's Wallace R. Weitz & Co. was right behind this move, as the fund dropped about $7.8 million worth. These moves are interesting, as aggregate hedge fund interest dropped by 1 funds last quarter.
鑑於DXC科技公司(紐約證券交易所代碼：DXC)見證了我們追蹤的整個對衝基金的興趣下降，我們可以看到，上個季度有一些對衝基金出售了他們的全部股份。有趣的是，Aaron Cowen的Suvretta Capital Management告別了Insider Monkey追蹤的“上層”基金中最大的頭寸，股票價值約為850萬美元，華萊士·韋茨的Wallace R.Weitz&Co.緊隨其後，該基金的價值縮水了約780萬美元。這些舉措很有趣，因為上個季度對衝基金的總興趣下降了1只。
Let's check out hedge fund activity in other stocks similar to DXC Technology Company (NYSE:DXC). These stocks are Jefferies Financial Group Inc. (NYSE:JEF), Ashland Global Holdings Inc.. (NYSE:ASH), TerraForm Power Inc (NASDAQ:TERP), Exponent, Inc. (NASDAQ:EXPO), Pilgrim's Pride Corporation (NASDAQ:PPC), Allison Transmission Holdings Inc (NYSE:ALSN), and L Brands Inc (NYSE:LB). This group of stocks' market caps match DXC's market cap.
讓我們來看看類似DXC科技公司(紐約證券交易所代碼：DXC)的其他股票中的對衝基金活動。這些股票是傑富瑞金融集團。(紐約證券交易所代碼：JEF)，阿什蘭全球控股公司。。(紐約證券交易所代碼：ASH)，TerraForm Power Inc.(納斯達克：天貓)，指數公司。(納斯達克：世博會)，朝聖驕傲公司(納斯達克：購買力平價), 艾利森變速箱控股公司(紐約證券交易所代碼：ALSN)，以及L Brands Inc.(紐約證券交易所代碼：LB)。這組股票的市值與DXC的市值相匹配。
[table] Ticker, No of HFs with positions, Total Value of HF Positions (x1000), Change in HF Position JEF,37,586275,7 ASH,32,976347,0 TERP,21,235830,4 EXPO,19,92487,2 PPC,15,59157,-3 ALSN,32,542648,5 LB,42,1472803,3 Average,28.3,566507,2.6 [/table]
[表格]股票代碼，有位置的高頻數量，高頻位置的總值(X1000)，高頻位置的變化JEF，37,586275，7 ASH，32,976347，0 TERP，21,235830，4 EXPO，19,92487，2 PPC，15,59157，-3 ALSN，32,542648，5 Lb，42,1472803，3平均值，28.3,566507，2.6[/表]
View table hereif you experience formatting issues.
如果您遇到格式問題，請查看此處的表格。
As you can see these stocks had an average of 28.3 hedge funds with bullish positions and the average amount invested in these stocks was $567 million. That figure was $530 million in DXC's case. L Brands Inc (NYSE:LB) is the most popular stock in this table. On the other hand Pilgrim's Pride Corporation (NASDAQ:PPC) is the least popular one with only 15 bullish hedge fund positions. DXC Technology Company (NYSE:DXC) is not the most popular stock in this group but hedge fund interest is still above average. Our overall hedge fund sentiment score for DXC is 70.3. Stocks with higher number of hedge fund positions relative to other stocks as well as relative to their historical range receive a higher sentiment score. Our calculations showed thattop 10 most popular stocksamong hedge funds returned 41.4% in 2019 and outperformed the S&P 500 ETF (SPY) by 10.1 percentage points. These stocks gained 33% in 2020 through the end of August and still beat the market by 23.2 percentage points. Hedge funds were also right about betting on DXC as the stock returned 21.1% since Q2 and outperformed the market. Hedge funds were rewarded for their relative bullishness.
正如你所看到的，這些股票平均有28.3只對衝基金持有看漲頭寸，平均投資於這些股票的金額為5.67億美元。在DXC的案例中，這個數字是5.3億美元。L Brands Inc.(紐約證券交易所代碼：LB)是該表中最受歡迎的股票。另一方面，清教徒的驕傲公司(納斯達克：PPC)是最不受歡迎的，只有15個看漲對衝基金頭寸。DXC科技公司(紐約證券交易所代碼：DXC)不是這類股票中最受歡迎的股票，但對衝基金的興趣仍然高於平均水平。我們對DXC的整體對衝基金情緒得分為70.3。相對於其他股票，對衝基金持倉數量較多的股票，以及相對於其歷史區間的股票，獲得更高的情緒得分。我們的計算顯示，對衝基金中最受歡迎的10只股票在2019年的回報率為41.4%，表現比標準普爾500指數ETF(標普500ETF)高出10.1個百分點。截至8月底，這些股票在2020年上漲了33%，仍比大盤高出23.2個百分點。對衝基金對DXC的押注也是正確的，自第二季度以來，該股回報率為21.1%，表現優於大盤。對衝基金因相對看漲而獲得回報。
Get real-time email alerts: FollowDxc Technology Co (NYSE:DXC)
獲取實時電子郵件警報：FollowDxc科技公司(紐約證券交易所代碼：DXC)
Disclosure: None. This article was originally published atInsider Monkey.
披露：沒有。本文最初發表在《內幕猴子》雜誌上。
Related Content
相關內容
How to Best Use Insider Monkey To Increase Your Returns
如何最好地利用內幕猴子來增加你的回報
10 Most Famous Artifacts from the Ancient World
來自古代世界的10件最著名的文物
10 Professions with Highest Rate of Domestic Violence
家庭暴力發生率最高的10個職業
譯文內容由第三人軟體翻譯。