RBF Capital LLC Invests $622,000 in DXC Technology (NYSE:DXC)

RBF Capital LLC bought a new position in shares of DXC Technology (NYSE:DXC - Free Report) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 30,000 shares of the company's stock, valued at approximately $622,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. William B. Walkup & Associates Inc. purchased a new stake in shares of DXC Technology in the 2nd quarter valued at $26,000. Mather Group LLC. boosted its stake in shares of DXC Technology by 55.0% in the second quarter. Mather Group LLC. now owns 1,637 shares of the company's stock valued at $35,000 after purchasing an additional 581 shares during the period. Family Firm Inc. acquired a new position in shares of DXC Technology in the second quarter valued at approximately $37,000. Fifth Third Bancorp increased its stake in DXC Technology by 40.1% during the 2nd quarter. Fifth Third Bancorp now owns 1,954 shares of the company's stock worth $37,000 after buying an additional 559 shares during the period. Finally, Matrix Trust Co purchased a new position in DXC Technology in the 3rd quarter valued at approximately $43,000. Hedge funds and other institutional investors own 96.20% of the company's stock.

DXC Technology Stock Down 2.0 %

Shares of NYSE:DXC traded down $0.44 during trading on Thursday, hitting $22.06. 174,357 shares of the company were exchanged, compared to its average volume of 2,061,495. The firm's 50 day moving average price is $21.06 and its 200-day moving average price is $19.71. DXC Technology has a 12-month low of $14.78 and a 12-month high of $25.14. The company has a debt-to-equity ratio of 1.18, a current ratio of 1.25 and a quick ratio of 1.25. The stock has a market capitalization of $3.99 billion, a P/E ratio of 281.29, a PEG ratio of 1.44 and a beta of 1.65.

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

Insiders Place Their Bets

In other DXC Technology news, SVP Christopher Anthony Voci sold 2,500 shares of the firm's stock in a transaction on Friday, September 13th. The shares were sold at an average price of $21.37, for a total transaction of $53,425.00. Following the transaction, the senior vice president now directly owns 83,746 shares of the company's stock, valued at approximately $1,789,652.02. This trade represents a 2.90 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 0.54% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on DXC shares. BMO Capital Markets increased their price objective 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. JPMorgan Chase & Co. lifted their price objective on DXC Technology from $19.00 to $22.00 and gave the company an "underweight" rating in a research note on Friday, September 6th. Royal Bank of Canada upped their target price on shares of DXC Technology from $18.00 to $20.00 and gave the stock a "sector perform" rating in a research note on Friday, August 9th. Finally, Susquehanna lifted their price target on shares of DXC Technology from $19.00 to $23.00 and gave the stock a "neutral" rating in a research note on Friday, November 8th. Two research analysts have rated the stock with a sell rating and seven have issued a hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $20.89.

About DXC Technology

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).