Fox Run Management L.L.C. Buys Shares of 69,195 DXC Technology (NYSE:DXC)

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

Other hedge funds and other institutional investors also recently bought and sold shares of the company. KLP Kapitalforvaltning AS acquired a new stake in shares of DXC Technology during the 4th quarter worth about $981,000. American Century Companies Inc. raised its holdings in DXC Technology by 18.5% during the fourth quarter. American Century Companies Inc. now owns 5,816,970 shares of the company's stock worth $116,223,000 after purchasing an additional 907,004 shares in the last quarter. Teacher Retirement System of Texas lifted its position in shares of DXC Technology by 13.9% during the 4th quarter. Teacher Retirement System of Texas now owns 92,558 shares of the company's stock worth $1,849,000 after buying an additional 11,289 shares during the last quarter. Xponance Inc. acquired a new position in shares of DXC Technology in the 4th quarter valued at $213,000. Finally, Brooktree Capital Management grew its position in shares of DXC Technology by 3.1% in the 4th quarter. Brooktree Capital Management now owns 95,663 shares of the company's stock valued at $1,911,000 after buying an additional 2,912 shares during the last quarter. 96.20% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, Morgan Stanley upped their price objective on shares of DXC Technology from $20.00 to $22.00 and gave the company an "equal weight" rating in a research note 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 MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $21.29.

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DXC Technology Trading Up 2.7 %

Shares of DXC Technology stock traded up $0.46 during trading hours on Wednesday, hitting $17.55. The company's stock had a trading volume of 1,335,689 shares, compared to its average volume of 1,677,200. 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 business has a fifty day moving average of $19.48 and a 200 day moving average of $20.43. The company has a market capitalization of $3.18 billion, a PE ratio of -41.77, 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.

DXC Technology (NYSE:DXC - Get Free Report) last posted its earnings results on Tuesday, February 4th. The company reported $0.92 earnings per share (EPS) 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 analysts forecast that DXC Technology will post 3.35 EPS 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).