DXC Technology (NYSE:DXC) Shares Purchased by O Shaughnessy Asset Management LLC

O Shaughnessy Asset Management LLC grew its position in shares of DXC Technology (NYSE:DXC) by 43.2% in the 4th quarter, HoldingsChannel.com reports. The fund owned 440,584 shares of the company’s stock after acquiring an additional 132,961 shares during the period. O Shaughnessy Asset Management LLC’s holdings in DXC Technology were worth $8,803,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Newbridge Financial Services Group Inc. raised its holdings in DXC Technology by 116.1% in the fourth quarter. Newbridge Financial Services Group Inc. now owns 1,675 shares of the company’s stock valued at $33,000 after buying an additional 900 shares during the period. Smartleaf Asset Management LLC raised its stake in shares of DXC Technology by 366.4% in the 4th quarter. Smartleaf Asset Management LLC now owns 2,999 shares of the company’s stock valued at $60,000 after acquiring an additional 2,356 shares during the period. Brown Lisle Cummings Inc. lifted its holdings in shares of DXC Technology by 60.0% during the 4th quarter. Brown Lisle Cummings Inc. now owns 3,200 shares of the company’s stock valued at $64,000 after acquiring an additional 1,200 shares in the last quarter. Matrix Trust Co boosted its position in DXC Technology by 347.2% during the 4th quarter. Matrix Trust Co now owns 9,343 shares of the company’s stock worth $187,000 after purchasing an additional 7,254 shares during the period. Finally, Xponance Inc. acquired a new stake in DXC Technology in the 4th quarter valued at $213,000. 96.20% of the stock is currently owned by hedge funds and other institutional investors.

DXC Technology Stock Performance

Shares of DXC stock opened at $17.08 on Tuesday. The company has a debt-to-equity ratio of 1.12, a current ratio of 1.34 and a quick ratio of 1.34. The company’s fifty day moving average price is $19.28 and its two-hundred day moving average price is $20.35. The firm has a market capitalization of $3.09 billion, a P/E ratio of -40.66, a P/E/G ratio of 1.16 and a beta of 1.62. DXC Technology has a 12 month low of $14.79 and a 12 month high of $24.83.

DXC Technology (NYSE:DXC) last released its quarterly earnings results on Tuesday, February 4th. The company reported $0.92 EPS for the quarter, topping the consensus estimate 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%. On average, research analysts anticipate that DXC Technology will post 3.35 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Separately, Morgan Stanley boosted their price objective on 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 research analyst has rated the stock with a sell rating and six have given a hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $21.29.

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).