Proficio Capital Partners LLC Invests $659,000 in DXC Technology (NYSE:DXC)

Proficio Capital Partners LLC bought a new stake in shares of DXC Technology (NYSE:DXC - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 32,967 shares of the company's stock, valued at approximately $659,000.

A number of other institutional investors have also recently made changes to their positions in the business. Principal Financial Group Inc. raised its position in DXC Technology by 3.0% during the fourth quarter. Principal Financial Group Inc. now owns 877,399 shares of the company's stock valued at $17,530,000 after purchasing an additional 25,573 shares during the period. State of Alaska Department of Revenue increased its position in shares of DXC Technology by 86.9% during the 4th quarter. State of Alaska Department of Revenue now owns 192,880 shares of the company's stock valued at $3,853,000 after purchasing an additional 89,698 shares during the last quarter. Barclays PLC lifted its position in DXC Technology by 273.6% in the third quarter. Barclays PLC now owns 85,831 shares of the company's stock worth $1,781,000 after buying an additional 62,857 shares during the last quarter. Point72 Asset Management L.P. purchased a new position in DXC Technology during the third quarter worth $1,438,000. Finally, Dynamic Technology Lab Private Ltd bought a new position in DXC Technology during the third quarter valued at $1,904,000. Institutional investors own 96.20% of the company's stock.

DXC Technology Trading Down 1.3 %

DXC stock traded down $0.22 during trading on Thursday, hitting $16.86. The company had a trading volume of 1,066,825 shares, compared to its average volume of 1,107,234. DXC Technology has a 52-week low of $14.78 and a 52-week high of $24.83. The company has a 50 day simple moving average of $20.07 and a 200-day simple moving average of $20.67. The firm has a market capitalization of $3.05 billion, a P/E ratio of -40.13, a PEG ratio of 1.16 and a beta of 1.62. The company has a quick ratio of 1.34, a current ratio of 1.34 and a debt-to-equity ratio of 1.12.

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DXC Technology (NYSE:DXC - Get Free Report) last issued its earnings results on Tuesday, February 4th. The company reported $0.92 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%. As a group, research analysts forecast that DXC Technology will post 3.35 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, Morgan Stanley raised their target price 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 research analyst has rated the stock with a sell rating and seven have given a hold rating to the company. Based on data from MarketBeat.com, DXC Technology presently has a consensus rating of "Hold" and a consensus target price of $21.38.

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).