Oak Thistle LLC Invests $654,000 in DXC Technology (NYSE:DXC)

Oak Thistle LLC purchased a new stake in DXC Technology (NYSE:DXC - Free Report) during the fourth quarter, according to its most recent disclosure with the SEC. The firm purchased 32,745 shares of the company's stock, valued at approximately $654,000.

Several other institutional investors also recently bought and sold shares of DXC. GAMMA Investing LLC increased its position in shares of DXC Technology by 48.7% during 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. William B. Walkup & Associates Inc. purchased a new position in DXC Technology in the 2nd quarter worth approximately $26,000. Benjamin F. Edwards & Company Inc. boosted its holdings in shares of DXC Technology by 4.8% during the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 32,800 shares of the company's stock worth $626,000 after purchasing an additional 1,500 shares during the last quarter. Franklin Resources Inc. grew its position in shares of DXC Technology by 2.4% in the third quarter. Franklin Resources Inc. now owns 63,230 shares of the company's stock valued at $1,272,000 after purchasing an additional 1,502 shares in the last quarter. Finally, Matrix Trust Co acquired a new stake in shares of DXC Technology in the third quarter valued at approximately $43,000. 96.20% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

DXC has been the topic of several recent research reports. Susquehanna boosted their price target on shares of DXC Technology from $19.00 to $23.00 and gave the company a "neutral" rating in a research report on Friday, November 8th. BMO Capital Markets boosted their target price on shares of DXC Technology from $22.00 to $25.00 and gave the company a "market perform" rating in a report on Monday, November 11th. Two research analysts have rated the stock with a sell rating and seven have given a hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and an average price target of $20.89.

DXC Technology Stock Down 0.7 %

Shares of DXC traded down $0.14 during mid-day trading on Thursday, hitting $20.65. 852,268 shares of the company's stock were exchanged, compared to its average volume of 935,404. The company has a market cap of $3.74 billion, a price-to-earnings ratio of 258.18, a P/E/G ratio of 1.26 and a beta of 1.66. DXC Technology has a fifty-two week low of $14.78 and a fifty-two week high of $24.83. The company has a debt-to-equity ratio of 1.18, a quick ratio of 1.25 and a current ratio of 1.25. The stock's 50-day moving average is $21.22 and its 200-day moving average is $20.46.

DXC Technology (NYSE:DXC - Get Free Report) last issued its earnings results on Thursday, November 7th. The company reported $0.93 EPS for the quarter, topping analysts' consensus estimates of $0.72 by $0.21. The firm had revenue of $3.24 billion during the quarter, compared to the consensus estimate of $3.21 billion. DXC Technology had a net margin of 0.18% and a return on equity of 20.42%. During the same quarter in the previous year, the firm posted $0.70 earnings per share. On average, sell-side analysts anticipate that DXC Technology will post 3.18 earnings per share for the current fiscal year.

DXC Technology Company 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).