16,360 Shares in DXC Technology (NYSE:DXC) Purchased by Counterpoint Mutual Funds LLC

Counterpoint Mutual Funds LLC purchased a new stake in shares of DXC Technology (NYSE:DXC - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 16,360 shares of the company's stock, valued at approximately $327,000.

Several other institutional investors and hedge funds have also modified their holdings of DXC. Pacer Advisors Inc. increased its position in DXC Technology by 4.7% during the third quarter. Pacer Advisors Inc. now owns 20,140,488 shares of the company's stock worth $417,915,000 after buying an additional 899,510 shares during the last quarter. Charles Schwab Investment Management Inc. increased its holdings in shares of DXC Technology by 3.5% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,930,963 shares of the company's stock valued at $38,581,000 after acquiring an additional 64,867 shares during the last quarter. Principal Financial Group Inc. raised its stake in shares of DXC Technology by 3.0% in the 4th quarter. Principal Financial Group Inc. now owns 877,399 shares of the company's stock valued at $17,530,000 after acquiring an additional 25,573 shares in the last quarter. JPMorgan Chase & Co. lifted its holdings in DXC Technology by 1.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 823,191 shares of the company's stock worth $17,081,000 after purchasing an additional 10,922 shares during the last quarter. Finally, Assenagon Asset Management S.A. boosted its position in DXC Technology by 4,893.5% during the fourth quarter. Assenagon Asset Management S.A. now owns 669,576 shares of the company's stock worth $13,378,000 after purchasing an additional 656,167 shares during the period. Institutional investors and hedge funds own 96.20% of the company's stock.

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DXC Technology Stock Performance

Shares of DXC traded down $0.68 during mid-day trading on Friday, hitting $16.47. The company's stock had a trading volume of 27,673,563 shares, compared to its average volume of 1,646,778. DXC Technology has a one year low of $14.78 and a one year high of $24.83. The stock's 50-day moving average is $19.72 and its two-hundred day moving average is $20.53. The firm has a market capitalization of $2.98 billion, a PE ratio of -39.21, a price-to-earnings-growth ratio of 1.16 and a beta of 1.62. The company has a debt-to-equity ratio of 1.12, a quick ratio of 1.34 and a current ratio of 1.34.

DXC Technology (NYSE:DXC - Get Free Report) last posted its quarterly earnings results 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 negative net margin of 0.57% and a positive return on equity of 20.70%. As a group, sell-side analysts anticipate that DXC Technology will post 3.35 EPS for the current year.

Analyst Ratings Changes

Separately, Morgan Stanley lifted their price target on shares of DXC Technology from $20.00 to $22.00 and gave the company an "equal weight" rating in a research report on Friday, January 31st. One research analyst has rated the stock with a sell rating and six have issued a hold rating to the company's stock. According to MarketBeat.com, DXC Technology presently has a consensus rating of "Hold" and an average target price of $21.29.

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).