Range Financial Group LLC Purchases Shares of 15,029 DXC Technology (NYSE:DXC)

Range Financial Group LLC acquired a new position in DXC Technology (NYSE:DXC) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 15,029 shares of the company’s stock, valued at approximately $300,000.

A number of other hedge funds have also recently made changes to their positions in DXC. JPMorgan Chase & Co. boosted its position in shares of DXC Technology by 1.3% during the third quarter. JPMorgan Chase & Co. now owns 823,191 shares of the company’s stock worth $17,081,000 after buying an additional 10,922 shares during the period. Franklin Resources Inc. boosted its holdings in DXC Technology by 2.4% during the 3rd quarter. Franklin Resources Inc. now owns 63,230 shares of the company’s stock valued at $1,272,000 after acquiring an additional 1,502 shares during the period. Sanctuary Advisors LLC acquired a new position in DXC Technology in the 3rd quarter valued at about $258,000. Barclays PLC increased its stake in DXC Technology by 273.6% during the third quarter. Barclays PLC now owns 85,831 shares of the company’s stock worth $1,781,000 after purchasing an additional 62,857 shares during the period. Finally, M&T Bank Corp lifted its position in shares of DXC Technology by 29.3% during the third quarter. M&T Bank Corp now owns 14,602 shares of the company’s stock worth $303,000 after purchasing an additional 3,309 shares in the last quarter. Hedge funds and other institutional investors own 96.20% of the company’s stock.

Wall Street Analyst Weigh In

DXC has been the subject of a number of research reports. Susquehanna lifted their price objective on shares of DXC Technology from $19.00 to $23.00 and gave the company a “neutral” rating in a report on Friday, November 8th. BMO Capital Markets boosted their price target on shares of DXC Technology from $22.00 to $25.00 and gave the stock a “market perform” rating in a research note on Monday, November 11th. Two analysts have rated the stock with a sell rating and seven have given a hold rating to the company. According to data from MarketBeat, DXC Technology currently has an average rating of “Hold” and a consensus target price of $20.89.

DXC Technology Stock Performance

Shares of DXC stock opened at $20.34 on Wednesday. The company has a market cap of $3.68 billion, a P/E ratio of 254.28, a PEG ratio of 1.40 and a beta of 1.66. The firm has a fifty day moving average price of $21.27 and a 200 day moving average price of $20.42. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 1.18. DXC Technology has a 12 month low of $14.78 and a 12 month high of $24.83.

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