DXC Technology (NYSE:DXC) Shares Acquired by Brown Lisle Cummings Inc.

Brown Lisle Cummings Inc. boosted its holdings in DXC Technology (NYSE:DXC) by 60.0% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 3,200 shares of the company’s stock after acquiring an additional 1,200 shares during the period. Brown Lisle Cummings Inc.’s holdings in DXC Technology were worth $64,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in the business. Highland Capital Management LLC raised its stake in DXC Technology by 6.6% during 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 period. GAMMA Investing LLC increased its holdings in shares of DXC Technology by 48.7% during the 3rd quarter. GAMMA Investing LLC now owns 3,425 shares of the company’s stock worth $71,000 after buying an additional 1,122 shares during the last quarter. Franklin Resources Inc. raised its position in shares of DXC Technology by 2.4% in the 3rd quarter. Franklin Resources Inc. now owns 63,230 shares of the company’s stock worth $1,272,000 after buying an additional 1,502 shares during the period. Matrix Trust Co acquired a new position in DXC Technology in the third quarter valued at $43,000. Finally, Brooktree Capital Management grew its position in DXC Technology by 2.4% during the third quarter. Brooktree Capital Management now owns 92,751 shares of the company’s stock valued at $1,925,000 after acquiring an additional 2,150 shares during the period. 96.20% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the company. BMO Capital Markets raised their price objective on DXC Technology from $22.00 to $25.00 and gave the stock a “market perform” rating in a report on Monday, November 11th. Morgan Stanley lifted their price target on shares of DXC Technology from $20.00 to $22.00 and gave the company an “equal weight” rating in a research report on Friday, January 31st. Finally, Susquehanna raised their target price on shares of DXC Technology from $19.00 to $23.00 and gave the company a “neutral” rating in a research note on Friday, November 8th. One analyst has rated the stock with a sell rating and seven have issued a hold rating to the stock. Based on data from MarketBeat.com, DXC Technology has an average rating of “Hold” and an average price target of $21.38.

DXC Technology Trading Up 2.5 %

NYSE DXC opened at $22.56 on Wednesday. The stock has a market cap of $4.08 billion, a P/E ratio of 282.01, a PEG ratio of 1.41 and a beta of 1.65. The company’s fifty day simple moving average is $21.09 and its 200-day simple moving average is $20.70. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 1.18. DXC Technology has a 52 week low of $14.78 and a 52 week high of $24.83.

DXC Technology (NYSE:DXC) last issued its quarterly earnings data on Tuesday, February 4th. The company reported $0.92 EPS for the quarter, topping analysts’ consensus estimates of $0.69 by $0.23. DXC Technology had a net margin of 0.18% and a return on equity of 20.42%. Equities research analysts predict that DXC Technology will post 3.17 EPS for the current fiscal year.

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).