Raymond James Financial Inc. Invests $3.31 Million in DXC Technology (NYSE:DXC)

Raymond James Financial Inc. acquired a new position in shares of DXC Technology (NYSE:DXC - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 165,577 shares of the company's stock, valued at approximately $3,308,000. Raymond James Financial Inc. owned about 0.09% of DXC Technology at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Newbridge Financial Services Group Inc. grew its stake in shares of DXC Technology by 116.1% in the fourth quarter. Newbridge Financial Services Group Inc. now owns 1,675 shares of the company's stock valued at $33,000 after buying an additional 900 shares in the last quarter. Smartleaf Asset Management LLC grew its position in DXC Technology by 366.4% in the 4th quarter. Smartleaf Asset Management LLC now owns 2,999 shares of the company's stock valued at $60,000 after acquiring an additional 2,356 shares in the last quarter. Brown Lisle Cummings Inc. increased its stake in DXC Technology by 60.0% during 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 during the period. Quest Partners LLC acquired a new stake in shares of DXC Technology during the third quarter worth about $97,000. Finally, Matrix Trust Co boosted its stake in shares of DXC Technology by 347.2% in the fourth quarter. Matrix Trust Co now owns 9,343 shares of the company's stock valued at $187,000 after purchasing an additional 7,254 shares during the period. 96.20% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Separately, Morgan Stanley increased 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 equities research analyst has rated the stock with a sell rating and six have given a hold rating to the company's stock. According to MarketBeat, DXC Technology presently has an average rating of "Hold" and a consensus target price of $21.29.

Remove Ads

DXC Technology Stock Down 0.0 %

Shares of DXC traded down $0.00 during mid-day trading on Monday, reaching $17.08. The company's stock had a trading volume of 1,082,492 shares, compared to its average volume of 1,748,672. The stock has a market cap of $3.09 billion, a PE ratio of -40.66, 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 current ratio of 1.34 and a quick ratio of 1.34. DXC Technology has a 12-month low of $14.79 and a 12-month high of $24.83. The company's 50 day moving average is $19.28 and its 200 day moving average is $20.35.

DXC Technology (NYSE:DXC - Get Free Report) last announced its quarterly earnings results on Tuesday, February 4th. The company reported $0.92 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%. Equities analysts anticipate that DXC Technology will post 3.35 EPS 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).