NorthCrest Asset Manangement LLC Purchases Shares of 32,837 DXC Technology Company. (NYSE:DXC)

NorthCrest Asset Manangement LLC acquired a new position in shares of DXC Technology Company. (NYSE:DXC - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 32,837 shares of the company's stock, valued at approximately $560,000.

Other institutional investors also recently bought and sold shares of the company. Treasurer of the State of North Carolina lifted its position in DXC Technology by 0.6% in the fourth quarter. Treasurer of the State of North Carolina now owns 78,639 shares of the company's stock valued at $1,571,000 after purchasing an additional 490 shares during the period. Arizona State Retirement System boosted its stake in shares of DXC Technology by 1.1% in the fourth quarter. Arizona State Retirement System now owns 52,475 shares of the company's stock valued at $1,048,000 after buying an additional 566 shares in the last quarter. Vident Advisory LLC grew its holdings in DXC Technology by 2.5% during the fourth quarter. Vident Advisory LLC now owns 25,279 shares of the company's stock worth $505,000 after acquiring an additional 624 shares during the period. Corient Private Wealth LLC raised its position in DXC Technology by 2.3% in the fourth quarter. Corient Private Wealth LLC now owns 32,796 shares of the company's stock worth $655,000 after acquiring an additional 740 shares in the last quarter. Finally, CIBC Asset Management Inc raised its position in DXC Technology by 5.6% in the fourth 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. 96.20% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on DXC shares. Morgan Stanley lowered their price target on shares of DXC Technology from $22.00 to $16.00 and set an "equal weight" rating on the stock in a research note on Thursday, May 15th. 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 report on Wednesday, April 23rd. Royal Bank Of Canada decreased their price target on DXC Technology from $27.00 to $18.00 and set a "sector perform" rating on the stock in a research note on Thursday, May 15th. Wall Street Zen downgraded DXC Technology from a "buy" rating to a "hold" rating in a research note on Thursday, May 22nd. Finally, JPMorgan Chase & Co. reduced their price objective on DXC Technology from $22.00 to $18.00 and set an "underweight" rating for the company in a report on Wednesday, May 21st. One research analyst has rated the stock with a sell rating and six have assigned a hold rating to the stock. Based on data from MarketBeat.com, DXC Technology currently has a consensus rating of "Hold" and an average target price of $17.00.

DXC Technology Price Performance

DXC stock traded down $0.33 on Tuesday, reaching $15.55. The company had a trading volume of 1,794,437 shares, compared to its average volume of 1,509,550. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.22 and a current ratio of 1.22. The company's fifty day moving average is $15.37 and its 200 day moving average is $18.13. The company has a market cap of $2.82 billion, a P/E ratio of 4.63, a PEG ratio of 4.19 and a beta of 1.22. DXC Technology Company. has a 1 year low of $13.44 and a 1 year high of $24.83.

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