Smartleaf Asset Management LLC Boosts Stock Position in DXC Technology (NYSE:DXC)

Smartleaf Asset Management LLC raised its holdings in DXC Technology (NYSE:DXC) by 366.4% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 2,999 shares of the company’s stock after acquiring an additional 2,356 shares during the quarter. Smartleaf Asset Management LLC’s holdings in DXC Technology were worth $60,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Highland Capital Management LLC grew its holdings in shares of DXC Technology by 6.6% in the fourth quarter. Highland Capital Management LLC now owns 11,850 shares of the company’s stock worth $237,000 after purchasing an additional 731 shares during the last quarter. Newbridge Financial Services Group Inc. boosted its position in DXC Technology by 116.1% in the 4th quarter. Newbridge Financial Services Group Inc. now owns 1,675 shares of the company’s stock valued at $33,000 after buying an additional 900 shares during the period. CIBC Asset Management Inc grew its stake in DXC Technology by 5.6% in the 4th quarter. CIBC Asset Management Inc now owns 17,976 shares of the company’s stock worth $359,000 after acquiring an additional 950 shares in the last quarter. Brown Lisle Cummings Inc. increased its position in shares of DXC Technology by 60.0% during the fourth quarter. Brown Lisle Cummings Inc. now owns 3,200 shares of the company’s stock worth $64,000 after acquiring an additional 1,200 shares during the period. Finally, Franklin Resources Inc. raised its stake in shares of DXC Technology by 2.4% during the third quarter. Franklin Resources Inc. now owns 63,230 shares of the company’s stock valued at $1,272,000 after acquiring an additional 1,502 shares in the last quarter. Hedge funds and other institutional investors own 96.20% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have weighed in on DXC shares. 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. Morgan Stanley lifted their price objective on DXC Technology from $20.00 to $22.00 and gave the company an “equal weight” rating in a report on Friday, January 31st. One research analyst has rated the stock with a sell rating and seven have given a hold rating to the stock. According to MarketBeat, DXC Technology presently has an average rating of “Hold” and an average target price of $21.38.

DXC Technology Stock Performance

DXC stock opened at $17.76 on Tuesday. The firm has a market cap of $3.21 billion, a price-to-earnings ratio of -42.27, a PEG ratio of 1.16 and a beta of 1.62. The firm has a 50-day simple moving average of $20.22 and a two-hundred day simple moving average of $20.73. DXC Technology has a one year low of $14.78 and a one year high of $24.83. The company has a debt-to-equity ratio of 1.12, a quick ratio of 1.34 and a current ratio of 1.34.

DXC Technology (NYSE:DXC) last announced its quarterly earnings data on Tuesday, February 4th. The company reported $0.92 EPS for the quarter, beating 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, equities analysts forecast that DXC Technology will post 3.35 EPS 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).