Royce & Associates LP Acquires 32,842 Shares of DXC Technology (NYSE:DXC)

Royce & Associates LP lifted its position in DXC Technology (NYSE:DXC - Free Report) by 35.7% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 124,813 shares of the company's stock after buying an additional 32,842 shares during the period. Royce & Associates LP owned approximately 0.07% of DXC Technology worth $2,494,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the company. Newbridge Financial Services Group Inc. lifted its holdings in DXC Technology by 116.1% in the 4th quarter. Newbridge Financial Services Group Inc. now owns 1,675 shares of the company's stock valued at $33,000 after acquiring an additional 900 shares during the last quarter. Prospera Private Wealth LLC acquired a new position in DXC Technology in the third quarter worth approximately $49,000. Smartleaf Asset Management LLC increased its holdings in shares of DXC Technology by 366.4% in the fourth quarter. Smartleaf Asset Management LLC now owns 2,999 shares of the company's stock valued at $60,000 after buying an additional 2,356 shares in the last quarter. Brown Lisle Cummings Inc. grew its holdings in shares of DXC Technology by 60.0% in the 4th quarter. Brown Lisle Cummings Inc. now owns 3,200 shares of the company's stock worth $64,000 after acquiring an additional 1,200 shares during the last quarter. Finally, Quest Partners LLC acquired a new position in shares of DXC Technology in the 3rd quarter valued at $97,000. Institutional investors and hedge funds own 96.20% of the company's stock.

Analyst Upgrades and Downgrades

Separately, Morgan Stanley increased their target price on DXC Technology from $20.00 to $22.00 and gave the company 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 data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $21.29.

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DXC Technology Stock Up 1.0 %

Shares of DXC traded up $0.17 during midday trading on Tuesday, reaching $17.15. 2,830,535 shares of the stock were exchanged, compared to its average volume of 1,673,626. The firm has a 50 day simple moving average of $19.60 and a 200-day simple moving average of $20.47. DXC Technology has a 12-month low of $14.79 and a 12-month high of $24.83. The company has a market cap of $3.10 billion, a price-to-earnings ratio of -40.83, a P/E/G 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.

DXC Technology (NYSE:DXC - Get Free Report) last issued its quarterly earnings data on Tuesday, February 4th. The company reported $0.92 earnings per share (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%. Research analysts forecast that DXC Technology will post 3.35 EPS for the current 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).