DXC Technology (NYSE:DXC) Stock Position Lifted by Paralel Advisors LLC

Paralel Advisors LLC grew its holdings in DXC Technology (NYSE:DXC) by 10.0% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 118,346 shares of the company’s stock after acquiring an additional 10,752 shares during the period. Paralel Advisors LLC owned 0.07% of DXC Technology worth $2,365,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of DXC. Newbridge Financial Services Group Inc. increased 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 buying an additional 900 shares during the period. Meeder Asset Management Inc. bought a new stake in shares of DXC Technology in the 4th quarter worth about $55,000. Smartleaf Asset Management LLC grew its holdings in shares of DXC Technology by 366.4% in the 4th quarter. Smartleaf Asset Management LLC now owns 2,999 shares of the company’s stock worth $60,000 after purchasing an additional 2,356 shares during 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 purchasing an additional 1,200 shares during the last quarter. Finally, Matrix Trust Co grew its holdings in shares of DXC Technology by 347.2% in the 4th quarter. Matrix Trust Co now owns 9,343 shares of the company’s stock worth $187,000 after purchasing an additional 7,254 shares during the last quarter. 96.20% of the stock is currently owned by institutional investors and hedge funds.

DXC Technology Stock Performance

Shares of DXC stock traded down $0.70 on Thursday, hitting $14.86. 34,476 shares of the stock were exchanged, compared to its average volume of 1,757,852. The company has a current ratio of 1.34, a quick ratio of 1.34 and a debt-to-equity ratio of 1.12. The firm has a market capitalization of $2.69 billion, a PE ratio of -35.38, a P/E/G ratio of 1.16 and a beta of 1.37. DXC Technology has a one year low of $13.44 and a one year high of $24.83. The firm’s 50 day moving average is $18.25 and its two-hundred day moving average is $20.01.

DXC Technology (NYSE:DXC) last released its quarterly earnings results on Tuesday, February 4th. The company reported $0.92 earnings per share for the quarter, beating the consensus estimate of $0.69 by $0.23. DXC Technology had a positive return on equity of 20.70% and a negative net margin of 0.57%. Sell-side analysts expect that DXC Technology will post 3.35 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, Morgan Stanley increased their price objective 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 analyst has rated the stock with a sell rating and six have given a hold rating to the stock. According to data from MarketBeat.com, DXC Technology has an average rating of “Hold” and an average price target of $21.29.

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).