Brandywine Global Investment Management LLC Acquires New Stake in DXC Technology (NYSE:DXC)

Brandywine Global Investment Management LLC acquired a new position in shares of DXC Technology (NYSE:DXC) in the fourth quarter, HoldingsChannel.com reports. The institutional investor acquired 554,461 shares of the company’s stock, valued at approximately $11,078,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of DXC. Cerity Partners LLC grew its stake in DXC Technology by 109.7% during the 3rd quarter. Cerity Partners LLC now owns 38,752 shares of the company’s stock worth $804,000 after buying an additional 20,269 shares during the last quarter. Benjamin Edwards Inc. purchased a new stake in DXC Technology during the 3rd quarter valued at approximately $664,000. Point72 Asset Management L.P. purchased a new position in shares of DXC Technology in the 3rd quarter valued at approximately $1,438,000. RBF Capital LLC purchased a new position in DXC Technology in the 3rd quarter valued at $622,000. Finally, XTX Topco Ltd increased its stake in DXC Technology by 294.7% in the 3rd quarter. XTX Topco Ltd now owns 53,686 shares of the company’s stock valued at $1,114,000 after buying an additional 40,085 shares during the period. Institutional investors and hedge funds own 96.20% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Morgan Stanley boosted their price target on shares of DXC Technology from $20.00 to $22.00 and gave the stock an “equal weight” rating in a research note on Friday, January 31st. One equities research analyst has rated the stock with a sell rating and six have assigned a hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $21.29.

DXC Technology Stock Down 0.0 %

DXC stock opened at $17.08 on Tuesday. DXC Technology has a one year low of $14.79 and a one year high of $24.83. The stock has a market capitalization of $3.09 billion, a P/E ratio of -40.66, a PEG ratio of 1.16 and a beta of 1.62. The company has a 50 day moving average price of $19.28 and a two-hundred day moving average price of $20.35. The company has a debt-to-equity ratio of 1.12, a quick ratio of 1.34 and a current ratio of 1.34.

DXC Technology (NYSE:DXC) last issued its earnings results on Tuesday, February 4th. The company reported $0.92 earnings per share 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%. As a group, sell-side analysts expect that DXC Technology will post 3.35 EPS for the current year.

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).