Fox Run Management L.L.C. Acquires New Stake in DXC Technology (NYSE:DXC)

Fox Run Management L.L.C. acquired a new position in shares of DXC Technology (NYSE:DXC - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 69,195 shares of the company's stock, valued at approximately $1,383,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Newbridge Financial Services Group Inc. lifted its position in shares of 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 acquiring an additional 900 shares in the last quarter. Prospera Private Wealth LLC acquired a new position in DXC Technology in the 3rd quarter valued at $49,000. Smartleaf Asset Management LLC lifted its holdings in 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 purchasing an additional 2,356 shares in the last quarter. Brown Lisle Cummings Inc. boosted its stake in 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. Finally, Quest Partners LLC acquired a new stake in DXC Technology during the 3rd quarter worth $97,000. 96.20% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

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

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DXC Technology Trading Up 2.7 %

Shares of DXC Technology stock traded up $0.46 during mid-day trading on Tuesday, hitting $17.44. The stock had a trading volume of 469,274 shares, compared to its average volume of 1,673,626. The firm has a market cap of $3.16 billion, a P/E ratio of -41.53, a price-to-earnings-growth ratio of 1.16 and a beta of 1.62. The company has a quick ratio of 1.34, a current ratio of 1.34 and a debt-to-equity ratio of 1.12. The firm has a 50-day moving average of $19.60 and a two-hundred day moving average of $20.47. DXC Technology has a 12-month low of $14.79 and a 12-month high of $24.83.

DXC Technology (NYSE:DXC - Get Free Report) last issued its quarterly earnings data on Tuesday, February 4th. The company reported $0.92 earnings per share 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%. Sell-side analysts forecast that DXC Technology will post 3.35 earnings per share for the current 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).