Quadrature Capital Ltd Invests $609,000 in DXC Technology (NYSE:DXC)

Quadrature Capital Ltd bought a new position in shares of DXC Technology (NYSE:DXC) during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 26,639 shares of the company’s stock, valued at approximately $609,000.

Several other hedge funds also recently made changes to their positions in DXC. Quarry LP acquired a new stake in shares of DXC Technology during the 4th quarter worth approximately $51,000. Principal Financial Group Inc. boosted its position in shares of DXC Technology by 323.0% during the 4th quarter. Principal Financial Group Inc. now owns 997,769 shares of the company’s stock worth $22,819,000 after acquiring an additional 761,884 shares in the last quarter. State of Alaska Department of Revenue boosted its position in shares of DXC Technology by 388.6% during the 4th quarter. State of Alaska Department of Revenue now owns 119,130 shares of the company’s stock worth $2,724,000 after acquiring an additional 94,748 shares in the last quarter. Dynamic Technology Lab Private Ltd acquired a new stake in shares of DXC Technology during the 4th quarter worth approximately $1,472,000. Finally, Quadrant Capital Group LLC boosted its position in shares of DXC Technology by 450.1% during the 4th quarter. Quadrant Capital Group LLC now owns 6,618 shares of the company’s stock worth $151,000 after acquiring an additional 5,415 shares in the last quarter. 96.20% of the stock is owned by institutional investors.

DXC Technology Price Performance

Shares of NYSE DXC opened at $18.74 on Friday. DXC Technology has a twelve month low of $14.78 and a twelve month high of $28.89. The firm has a fifty day simple moving average of $18.26 and a 200 day simple moving average of $20.75. The company has a market capitalization of $3.38 billion, a PE ratio of 50.65, a P/E/G ratio of 2.10 and a beta of 1.73. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 1.25.

DXC Technology (NYSE:DXC) last announced its earnings results on Thursday, May 16th. The company reported $0.97 earnings per share for the quarter, topping analysts’ consensus estimates of $0.83 by $0.14. DXC Technology had a net margin of 0.67% and a return on equity of 18.43%. The business had revenue of $3.39 billion during the quarter, compared to the consensus estimate of $3.37 billion. During the same quarter last year, the firm earned $1.02 earnings per share. DXC Technology’s quarterly revenue was down 5.6% on a year-over-year basis. On average, sell-side analysts forecast that DXC Technology will post 2.73 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on DXC. BMO Capital Markets reduced their price target on shares of DXC Technology from $23.00 to $17.50 and set a “market perform” rating on the stock in a research report on Friday, May 17th. Guggenheim initiated coverage on shares of DXC Technology in a research report on Tuesday, March 19th. They issued a “neutral” rating and a $22.00 target price on the stock. Susquehanna raised their target price on shares of DXC Technology from $15.00 to $19.00 and gave the company a “neutral” rating in a research report on Wednesday, June 12th. TD Cowen cut their target price on shares of DXC Technology from $22.00 to $18.00 and set a “hold” rating on the stock in a research report on Tuesday, May 21st. Finally, Morgan Stanley cut their target price on shares of DXC Technology from $21.00 to $18.00 and set an “equal weight” rating on the stock in a research report on Friday, May 17th. Three investment analysts have rated the stock with a sell rating and eight have given a hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $20.14.

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).