New Age Alpha Advisors LLC Invests $445,000 in DXC Technology Company. (NYSE:DXC)

Key Points

• New Age Alpha Advisors LLC has acquired a new stake in DXC Technology, purchasing 26,121 shares valued at approximately $445,000 during the first quarter.
• DXC Technology reported earnings of $0.68 per share for its most recent quarter, exceeding analysts' estimates, while revenue totaled $3.16 billion, slightly above expectations.
• Institutional investors now hold over 96% of DXC Technology's stock, indicating strong interest and confidence in the company within the investment community.

New Age Alpha Advisors LLC acquired a new position in shares of DXC Technology Company. (NYSE:DXC - Free Report) during the 1st quarter, according to its most recent 13F filing with the SEC. The fund acquired 26,121 shares of the company's stock, valued at approximately $445,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Dimensional Fund Advisors LP grew its position in shares of DXC Technology by 3.8% in the 4th quarter. Dimensional Fund Advisors LP now owns 10,436,557 shares of the company's stock worth $208,524,000 after acquiring an additional 378,338 shares in the last quarter. LSV Asset Management grew its position in shares of DXC Technology by 22.7% in the 1st quarter. LSV Asset Management now owns 4,151,398 shares of the company's stock worth $70,781,000 after acquiring an additional 769,026 shares in the last quarter. AQR Capital Management LLC grew its position in shares of DXC Technology by 43.8% in the 4th quarter. AQR Capital Management LLC now owns 1,943,649 shares of the company's stock worth $38,834,000 after acquiring an additional 591,841 shares in the last quarter. Northern Trust Corp grew its position in shares of DXC Technology by 14.6% in the 4th quarter. Northern Trust Corp now owns 1,607,631 shares of the company's stock worth $32,120,000 after acquiring an additional 204,697 shares in the last quarter. Finally, First Trust Advisors LP grew its position in shares of DXC Technology by 12.6% in the 4th quarter. First Trust Advisors LP now owns 1,340,744 shares of the company's stock worth $26,788,000 after acquiring an additional 150,040 shares in the last quarter. 96.20% of the stock is currently owned by hedge funds and other institutional investors.

DXC Technology Stock Performance

DXC stock traded up $0.40 during trading on Tuesday, reaching $13.25. 1,357,753 shares of the company's stock were exchanged, compared to its average volume of 1,765,765. The company has a quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 0.90. DXC Technology Company. has a 1-year low of $12.24 and a 1-year high of $24.83. The company's fifty day moving average price is $14.79 and its 200-day moving average price is $16.37. The firm has a market cap of $2.37 billion, a PE ratio of 6.43 and a beta of 1.18.

DXC Technology (NYSE:DXC - Get Free Report) last posted its quarterly earnings data on Thursday, July 31st. The company reported $0.68 EPS for the quarter, topping analysts' consensus estimates of $0.64 by $0.04. DXC Technology had a return on equity of 18.59% and a net margin of 2.96%. The company had revenue of $3.16 billion for the quarter, compared to the consensus estimate of $3.06 billion. During the same quarter in the previous year, the business earned $0.74 EPS. The company's quarterly revenue was down 2.4% compared to the same quarter last year. On average, research analysts expect that DXC Technology Company. will post 3.35 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research firms recently issued reports on DXC. BMO Capital Markets reduced their price objective on DXC Technology from $26.00 to $17.00 and set a "market perform" rating for the company in a research report on Thursday, May 15th. Wall Street Zen upgraded DXC Technology from a "hold" rating to a "buy" rating in a research report on Sunday, July 20th. Susquehanna reduced their price objective on DXC Technology from $23.00 to $16.00 and set a "neutral" rating for the company in a research report on Wednesday, April 23rd. Guggenheim restated a "neutral" rating on shares of DXC Technology in a research report on Monday, May 12th. Finally, Morgan Stanley reduced their price objective on DXC Technology from $16.00 to $15.00 and set an "equal weight" rating for the company in a research report on Friday, August 1st. One analyst has rated the stock with a sell rating, five have given a hold rating and one has assigned a buy rating to the company's stock. According to MarketBeat.com, DXC Technology has an average rating of "Hold" and a consensus price target of $16.40.

DXC Technology Company 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).