554,461 Shares in DXC Technology (NYSE:DXC) Bought by Brandywine Global Investment Management LLC

Brandywine Global Investment Management LLC purchased a new position in shares of DXC Technology (NYSE:DXC - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 554,461 shares of the company's stock, valued at approximately $11,078,000. Brandywine Global Investment Management LLC owned about 0.31% of DXC Technology as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also modified their holdings of the company. Arizona State Retirement System lifted its position in shares of DXC Technology by 1.1% during the 4th quarter. Arizona State Retirement System now owns 52,475 shares of the company's stock valued at $1,048,000 after acquiring an additional 566 shares during the last quarter. Highland Capital Management LLC lifted its holdings in shares of DXC Technology by 6.6% in the fourth quarter. Highland Capital Management LLC now owns 11,850 shares of the company's stock valued at $237,000 after purchasing an additional 731 shares in the last quarter. Corient Private Wealth LLC raised its position in DXC Technology by 2.3% during the fourth quarter. Corient Private Wealth LLC now owns 32,796 shares of the company's stock valued at $655,000 after buying an additional 740 shares during the period. Newbridge Financial Services Group Inc. grew its stake in DXC Technology by 116.1% during the 4th 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. Finally, CIBC Asset Management Inc increased its holdings in shares of DXC Technology by 5.6% in the 4th quarter. CIBC Asset Management Inc now owns 17,976 shares of the company's stock valued at $359,000 after purchasing an additional 950 shares during the period. Institutional investors own 96.20% of the company's stock.

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DXC Technology Stock Down 9.2 %

NYSE DXC traded down $1.52 during trading on Friday, reaching $14.89. The company's stock had a trading volume of 2,629,098 shares, compared to its average volume of 1,751,440. 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 stock has a market capitalization of $2.70 billion, a PE ratio of -35.46, a PEG ratio of 1.16 and a beta of 1.37. DXC Technology has a 1-year low of $14.71 and a 1-year high of $24.83. The business has a 50-day moving average price of $18.93 and a 200-day moving average price of $20.22.

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 (EPS) 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%. On average, research analysts forecast that DXC Technology will post 3.35 earnings per share for the current fiscal year.

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 report on Friday, January 31st. One analyst has rated the stock with a sell rating and six have issued a hold rating to the company. Based on data from MarketBeat, DXC Technology has an average rating of "Hold" and a consensus price target of $21.29.

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).