Empowered Funds LLC Purchases Shares of 50,181 DXC Technology (NYSE:DXC)

Empowered Funds LLC bought a new position in shares of DXC Technology (NYSE:DXC - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 50,181 shares of the company's stock, valued at approximately $1,003,000.

Several other hedge funds have also modified their holdings of the company. Highland Capital Management LLC raised its position in shares of DXC Technology by 6.6% during the 4th quarter. Highland Capital Management LLC now owns 11,850 shares of the company's stock worth $237,000 after purchasing an additional 731 shares during the last quarter. Brown Lisle Cummings Inc. raised its position 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 worth $64,000 after purchasing an additional 1,200 shares during the last quarter. Franklin Resources Inc. raised its position in shares of DXC Technology by 2.4% during the 3rd quarter. Franklin Resources Inc. now owns 63,230 shares of the company's stock worth $1,272,000 after purchasing an additional 1,502 shares during the last quarter. Paragon Capital Management Inc. raised its position in shares of DXC Technology by 1.8% during the 4th quarter. Paragon Capital Management Inc. now owns 98,949 shares of the company's stock worth $1,977,000 after purchasing an additional 1,722 shares during the last quarter. Finally, Brooktree Capital Management raised its holdings in DXC Technology by 2.4% in the 3rd quarter. Brooktree Capital Management now owns 92,751 shares of the company's stock valued at $1,925,000 after acquiring an additional 2,150 shares during the last quarter. 96.20% of the stock is owned by hedge funds and other institutional investors.

DXC Technology Trading Down 3.0 %

Shares of NYSE:DXC traded down $0.61 during mid-day trading on Friday, reaching $19.56. 871,255 shares of the company were exchanged, compared to its average volume of 1,053,163. 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 firm has a market cap of $3.54 billion, a price-to-earnings ratio of -46.57, a P/E/G ratio of 1.16 and a beta of 1.65. The firm's 50-day simple moving average is $20.71 and its 200 day simple moving average is $20.77. DXC Technology has a 1 year low of $14.78 and a 1 year high of $24.83.

DXC Technology (NYSE:DXC - Get Free Report) last posted its quarterly earnings data on Tuesday, February 4th. The company reported $0.92 earnings per share for the quarter, topping 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%. Equities research analysts forecast that DXC Technology will post 3.35 EPS for the current year.

Analyst Ratings Changes

A number of analysts have commented on the stock. Susquehanna increased their price objective on shares of DXC Technology from $19.00 to $23.00 and gave the company a "neutral" rating in a report on Friday, November 8th. BMO Capital Markets increased their price objective on shares of DXC Technology from $22.00 to $25.00 and gave the company a "market perform" rating in a report on Monday, November 11th. Finally, Morgan Stanley increased their price objective on shares of DXC Technology from $20.00 to $22.00 and gave the company an "equal weight" rating in a report on Friday, January 31st. One analyst has rated the stock with a sell rating and seven have assigned a hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $21.38.

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).