Diametric Capital LP Purchases 1,433 Shares of DXC Technology (NYSE:DXC)

Diametric Capital LP grew its position in DXC Technology (NYSE:DXC) by 13.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 12,397 shares of the company’s stock after acquiring an additional 1,433 shares during the quarter. Diametric Capital LP’s holdings in DXC Technology were worth $248,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the company. Vanguard Group Inc. raised its position in DXC Technology by 1.2% in the 4th quarter. Vanguard Group Inc. now owns 23,634,617 shares of the company’s stock worth $472,220,000 after purchasing an additional 270,206 shares during the period. American Century Companies Inc. raised its holdings in shares of DXC Technology by 18.5% in the fourth quarter. American Century Companies Inc. now owns 5,816,970 shares of the company’s stock worth $116,223,000 after buying an additional 907,004 shares during the period. Charles Schwab Investment Management Inc. lifted its stake in shares of DXC Technology by 3.5% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,930,963 shares of the company’s stock worth $38,581,000 after acquiring an additional 64,867 shares during the last quarter. Principal Financial Group Inc. boosted its holdings in DXC Technology by 3.0% during the 4th quarter. Principal Financial Group Inc. now owns 877,399 shares of the company’s stock valued at $17,530,000 after acquiring an additional 25,573 shares during the period. Finally, Norges Bank bought a new position in DXC Technology in the 4th quarter valued at $17,399,000. 96.20% of the stock is owned by hedge funds and other institutional investors.

DXC Technology Trading Up 1.6 %

Shares of NYSE DXC opened at $17.32 on Wednesday. DXC Technology has a twelve month low of $14.79 and a twelve month high of $24.83. The firm has a market cap of $3.13 billion, a PE ratio of -41.23, a price-to-earnings-growth ratio of 1.16 and a beta of 1.62. The business has a fifty day simple moving average of $19.21 and a two-hundred day simple moving average of $20.32. The company has a quick ratio of 1.34, a current ratio of 1.34 and a debt-to-equity ratio of 1.12.

DXC Technology (NYSE:DXC) last released its quarterly earnings data on Tuesday, February 4th. The company reported $0.92 earnings per share for the quarter, beating 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%. Analysts expect that DXC Technology will post 3.35 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

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

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).