KLP Kapitalforvaltning AS Invests $981,000 in DXC Technology (NYSE:DXC)

KLP Kapitalforvaltning AS acquired a new stake in DXC Technology (NYSE:DXC - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm acquired 49,100 shares of the company's stock, valued at approximately $981,000.

Other institutional investors also recently modified their holdings of the company. Cerity Partners LLC boosted its stake in shares of 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 acquiring an additional 20,269 shares during the period. Benjamin Edwards Inc. bought a new position in DXC Technology during the third quarter worth $664,000. Point72 Asset Management L.P. acquired a new position in shares of DXC Technology in the third quarter valued at $1,438,000. RBF Capital LLC bought a new position in shares of DXC Technology in the third quarter valued at about $622,000. Finally, XTX Topco Ltd lifted its stake in shares of DXC Technology by 294.7% during the 3rd quarter. XTX Topco Ltd now owns 53,686 shares of the company's stock worth $1,114,000 after buying an additional 40,085 shares during the last quarter. 96.20% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, Morgan Stanley raised their price objective 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 analyst has rated the stock with a sell rating and six have issued a hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $21.29.

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DXC Technology Stock Performance

NYSE DXC traded down $1.19 during trading on Thursday, reaching $16.44. The company's stock had a trading volume of 1,504,751 shares, compared to its average volume of 1,743,671. The firm has a 50 day moving average price of $19.05 and a 200 day moving average price of $20.28. DXC Technology has a 12 month low of $14.79 and a 12 month high of $24.83. The firm has a market capitalization of $2.98 billion, a price-to-earnings ratio of -39.13, a price-to-earnings-growth ratio of 1.16 and a beta of 1.37. The company has a current ratio of 1.34, a quick ratio of 1.34 and a debt-to-equity ratio of 1.12.

DXC Technology (NYSE:DXC - Get Free Report) last issued its quarterly earnings results on Tuesday, February 4th. The company reported $0.92 earnings per share (EPS) 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%. As a group, equities analysts anticipate that DXC Technology will post 3.35 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).