NorthCrest Asset Manangement LLC Purchases New Shares in DXC Technology Company. (NYSE:DXC)

NorthCrest Asset Manangement LLC acquired a new position in DXC Technology Company. (NYSE:DXC - Free Report) in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 32,837 shares of the company's stock, valued at approximately $560,000.

Several other institutional investors have also recently modified their holdings of DXC. Meeder Asset Management Inc. purchased a new position in DXC Technology in the 4th quarter worth $55,000. Smartleaf Asset Management LLC grew its stake in shares of DXC Technology by 366.4% during the fourth quarter. Smartleaf Asset Management LLC now owns 2,999 shares of the company's stock valued at $60,000 after buying an additional 2,356 shares during the last quarter. GAMMA Investing LLC increased its holdings in shares of DXC Technology by 37.4% in the first quarter. GAMMA Investing LLC now owns 4,507 shares of the company's stock worth $77,000 after buying an additional 1,226 shares during the period. Quarry LP increased its holdings 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 buying an additional 3,413 shares during the period. Finally, CHICAGO TRUST Co NA bought a new stake in shares of DXC Technology in the 1st quarter valued at about $183,000. 96.20% of the stock is currently owned by institutional investors.

DXC Technology Trading Down 5.1%

Shares of DXC stock traded down $0.80 during trading hours on Thursday, reaching $14.77. The company's stock had a trading volume of 2,438,606 shares, compared to its average volume of 1,500,692. The company has a current ratio of 1.22, a quick ratio of 1.22 and a debt-to-equity ratio of 0.86. DXC Technology Company. has a one year low of $13.44 and a one year high of $24.83. The stock has a market capitalization of $2.68 billion, a P/E ratio of 7.00, a P/E/G ratio of 4.10 and a beta of 1.22. The firm's fifty day simple moving average is $15.35 and its 200 day simple moving average is $18.09.

DXC Technology (NYSE:DXC - Get Free Report) last released its quarterly earnings results on Wednesday, May 14th. The company reported $0.84 earnings per share for the quarter, beating the consensus estimate of $0.76 by $0.08. The business had revenue of $3.17 billion for the quarter, compared to analysts' expectations of $3.13 billion. DXC Technology had a net margin of 3.02% and a return on equity of 19.36%. The firm's revenue for the quarter was down 6.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.97 earnings per share. Equities research analysts expect that DXC Technology Company. will post 3.35 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on DXC. Royal Bank Of Canada reduced their price target on DXC Technology from $27.00 to $18.00 and set a "sector perform" rating on the stock in a research report on Thursday, May 15th. JPMorgan Chase & Co. cut their target price on shares of DXC Technology from $22.00 to $18.00 and set an "underweight" rating on the stock in a report on Wednesday, May 21st. Guggenheim reiterated a "neutral" rating on shares of DXC Technology in a report on Monday, May 12th. Wall Street Zen lowered shares of DXC Technology from a "buy" rating to a "hold" rating in a report on Thursday, May 22nd. Finally, Susquehanna decreased their price objective on shares of DXC Technology from $23.00 to $16.00 and set a "neutral" rating on the stock in a research report on Wednesday, April 23rd. One equities research analyst has rated the stock with a sell rating and six have issued a hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $17.00.

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).