Algert Global LLC Increases Stock Position in DXC Technology (NYSE:DXC)

Algert Global LLC raised its holdings in DXC Technology (NYSE:DXC - Free Report) by 332.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 305,625 shares of the company's stock after purchasing an additional 235,015 shares during the period. Algert Global LLC owned 0.17% of DXC Technology worth $6,106,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of DXC. Newbridge Financial Services Group Inc. raised its position in shares of DXC Technology by 116.1% in the fourth quarter. Newbridge Financial Services Group Inc. now owns 1,675 shares of the company's stock worth $33,000 after buying an additional 900 shares in the last quarter. Meeder Asset Management Inc. purchased a new stake in shares of DXC Technology in the 4th quarter valued at about $55,000. Smartleaf Asset Management LLC raised its holdings in shares of DXC Technology by 366.4% in the 4th quarter. Smartleaf Asset Management LLC now owns 2,999 shares of the company's stock valued at $60,000 after acquiring an additional 2,356 shares in the last quarter. Brown Lisle Cummings Inc. grew its holdings 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 purchasing an additional 1,200 shares in the last quarter. Finally, Quarry LP increased its position in shares of DXC Technology by 604.1% in the fourth quarter. Quarry LP now owns 3,978 shares of the company's stock worth $79,000 after purchasing an additional 3,413 shares during the last quarter. Institutional investors own 96.20% of the company's stock.

DXC Technology Trading Up 2.5 %

Shares of DXC Technology stock traded up $0.39 during trading on Thursday, reaching $15.85. The company's stock had a trading volume of 994,797 shares, compared to its average volume of 1,741,104. The company has a quick ratio of 1.34, a current ratio of 1.34 and a debt-to-equity ratio of 1.12. DXC Technology has a 52-week low of $13.44 and a 52-week high of $24.83. The firm's 50-day moving average is $16.12 and its two-hundred day moving average is $19.24. The company has a market cap of $2.87 billion, a price-to-earnings ratio of -37.74, a PEG ratio of 1.16 and a beta of 1.18.

DXC Technology (NYSE:DXC - Get Free Report) last announced its quarterly earnings data on Tuesday, February 4th. The company reported $0.92 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.69 by $0.23. DXC Technology had a positive return on equity of 20.70% and a negative net margin of 0.57%. On average, sell-side analysts anticipate that DXC Technology will post 3.35 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on DXC shares. Susquehanna dropped their target price on shares of DXC Technology from $23.00 to $16.00 and set a "neutral" rating for the company in a research report on Wednesday, April 23rd. Morgan Stanley upped their target price on shares of DXC Technology from $20.00 to $22.00 and gave the stock an "equal weight" rating in a research report on Friday, January 31st. One investment analyst has rated the stock with a sell rating and six have issued a hold rating to the stock. According to data from MarketBeat.com, DXC Technology has an average rating of "Hold" and an average price target of $20.29.

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).