Proficio Capital Partners LLC Takes $659,000 Position in DXC Technology (NYSE:DXC)

Proficio Capital Partners LLC purchased a new position in shares of DXC Technology (NYSE:DXC) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 32,967 shares of the company’s stock, valued at approximately $659,000.

A number of other institutional investors and hedge funds have also made changes to their positions in DXC. Assenagon Asset Management S.A. increased its stake in shares of DXC Technology by 4,893.5% during the fourth quarter. Assenagon Asset Management S.A. now owns 669,576 shares of the company’s stock worth $13,378,000 after acquiring an additional 656,167 shares during the period. KBC Group NV increased its stake in shares of DXC Technology by 2,380.1% during the fourth quarter. KBC Group NV now owns 142,505 shares of the company’s stock worth $2,847,000 after acquiring an additional 136,759 shares during the period. Dynamic Technology Lab Private Ltd acquired a new position in shares of DXC Technology during the third quarter worth about $1,904,000. State of Alaska Department of Revenue increased its stake in shares of DXC Technology by 86.9% during the fourth quarter. State of Alaska Department of Revenue now owns 192,880 shares of the company’s stock worth $3,853,000 after acquiring an additional 89,698 shares during the period. Finally, Ieq Capital LLC acquired a new position in shares of DXC Technology during the fourth quarter worth about $1,431,000. 96.20% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, Morgan Stanley boosted their price target on shares of DXC Technology from $20.00 to $22.00 and gave the stock an “equal weight” rating in a research note on Friday, January 31st. One research analyst has rated the stock with a sell rating and six have given a hold rating to the stock. According to data from MarketBeat, DXC Technology currently has an average rating of “Hold” and a consensus price target of $21.29.

DXC Technology Trading Down 4.0 %

Shares of DXC opened at $16.47 on Friday. The company has a current ratio of 1.34, a quick ratio of 1.34 and a debt-to-equity ratio of 1.12. The firm’s 50-day moving average is $19.66 and its two-hundred day moving average is $20.50. DXC Technology has a twelve month low of $14.79 and a twelve month high of $24.83. The firm has a market capitalization of $2.98 billion, a P/E ratio of -39.21, a PEG ratio of 1.16 and a beta of 1.62.

DXC Technology (NYSE:DXC) last issued its earnings results on Tuesday, February 4th. The company reported $0.92 earnings per share for the quarter, topping the consensus estimate of $0.69 by $0.23. DXC Technology had a negative net margin of 0.57% and a positive return on equity of 20.70%. On average, research analysts predict that DXC Technology will post 3.35 earnings per share for the current fiscal year.

About DXC Technology

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).