EntryPoint Capital LLC Invests $637,000 in DXC Technology (NYSE:DXC)

EntryPoint Capital LLC acquired a new stake in shares of DXC Technology (NYSE:DXC - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 31,870 shares of the company's stock, valued at approximately $637,000.

Other hedge funds have also recently bought and sold shares of the company. Prudential Financial Inc. lifted its stake in shares of DXC Technology by 15.0% during the 4th quarter. Prudential Financial Inc. now owns 230,463 shares of the company's stock worth $4,605,000 after purchasing an additional 29,975 shares during the period. Vanguard Group Inc. increased its stake in DXC Technology by 1.2% in the fourth quarter. Vanguard Group Inc. now owns 23,634,617 shares of the company's stock valued at $472,220,000 after purchasing an additional 270,206 shares during the last quarter. Fox Run Management L.L.C. purchased a new position in DXC Technology during the fourth quarter worth about $1,383,000. KLP Kapitalforvaltning AS acquired a new stake in DXC Technology in the 4th quarter worth about $981,000. Finally, American Century Companies Inc. grew its holdings in DXC Technology by 18.5% in the 4th quarter. American Century Companies Inc. now owns 5,816,970 shares of the company's stock valued at $116,223,000 after buying an additional 907,004 shares during the period. Institutional investors and hedge funds own 96.20% of the company's stock.

Analysts Set New Price Targets

Separately, Morgan Stanley raised their target price on shares of 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 equities research analyst has rated the stock with a sell rating and six have given a hold rating to the company's stock. According to data from MarketBeat.com, DXC Technology presently has an average rating of "Hold" and a consensus price target of $21.29.

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DXC Technology Trading Down 1.7 %

Shares of DXC Technology stock traded down $0.30 during trading hours on Friday, reaching $17.10. The stock had a trading volume of 1,533,841 shares, compared to its average volume of 1,751,337. The firm has a market capitalization of $3.10 billion, a price-to-earnings ratio of -40.70, a P/E/G ratio of 1.16 and a beta of 1.62. DXC Technology has a 1 year low of $14.79 and a 1 year high of $24.83. The company has a current ratio of 1.34, a quick ratio of 1.34 and a debt-to-equity ratio of 1.12. The firm has a 50 day simple moving average of $19.35 and a two-hundred day simple moving average of $20.38.

DXC Technology (NYSE:DXC - Get Free Report) last announced its quarterly 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 negative net margin of 0.57% and a positive return on equity of 20.70%. As a group, equities research analysts anticipate that DXC Technology 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).