Choreo LLC Makes New Investment in DXC Technology (NYSE:DXC)

Choreo LLC purchased a new position in DXC Technology (NYSE:DXC - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 31,395 shares of the company's stock, valued at approximately $629,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. Prospera Private Wealth LLC bought a new position in shares of DXC Technology in the third quarter worth $49,000. Brown Lisle Cummings Inc. grew its stake in shares of DXC Technology by 60.0% in the fourth 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 in the last quarter. GAMMA Investing LLC grew its stake in shares of DXC Technology by 48.7% in the third quarter. GAMMA Investing LLC now owns 3,425 shares of the company's stock worth $71,000 after purchasing an additional 1,122 shares in the last quarter. Carolina Wealth Advisors LLC bought a new position in shares of DXC Technology in the third quarter worth $79,000. Finally, Quest Partners LLC bought a new position in shares of DXC Technology in the third quarter worth $97,000. Institutional investors own 96.20% of the company's stock.

Wall Street Analysts Forecast Growth

DXC has been the subject of several research reports. Susquehanna raised their target price on DXC Technology from $19.00 to $23.00 and gave the company a "neutral" rating in a research note on Friday, November 8th. BMO Capital Markets raised their target price on DXC Technology from $22.00 to $25.00 and gave the company a "market perform" rating in a research note on Monday, November 11th. Finally, Morgan Stanley raised their target price on 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 investment analyst has rated the stock with a sell rating and seven have issued a hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $21.38.

DXC Technology Trading Down 1.1 %

Shares of NYSE DXC traded down $0.24 during mid-day trading on Friday, hitting $20.35. 587,830 shares of the company traded hands, compared to its average volume of 1,066,474. DXC Technology has a 1 year low of $14.78 and a 1 year high of $24.83. The stock has a market capitalization of $3.68 billion, a price-to-earnings ratio of -48.44, a PEG ratio of 1.59 and a beta of 1.65. The company has a quick ratio of 1.25, a current ratio of 1.34 and a debt-to-equity ratio of 1.12. The business has a 50 day moving average of $20.85 and a two-hundred day moving average of $20.75.

DXC Technology (NYSE:DXC - Get Free Report) last announced its quarterly earnings data on Tuesday, February 4th. The company reported $0.92 earnings per share (EPS) 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%. On average, sell-side analysts anticipate that DXC Technology will post 3.36 earnings per share 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).