Proficio Capital Partners LLC Purchases Shares of 32,967 DXC Technology (NYSE:DXC)

Proficio Capital Partners LLC purchased a new stake in DXC Technology (NYSE:DXC) during the 4th quarter, Holdings Channel reports. The fund purchased 32,967 shares of the company’s stock, valued at approximately $659,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Newbridge Financial Services Group Inc. lifted its stake in shares of DXC Technology by 116.1% during 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 during the period. Smartleaf Asset Management LLC lifted its stake in shares of DXC Technology by 366.4% during 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 during the period. Brown Lisle Cummings Inc. lifted its stake in shares of DXC Technology by 60.0% during the fourth quarter. Brown Lisle Cummings Inc. now owns 3,200 shares of the company’s stock valued at $64,000 after buying an additional 1,200 shares during the period. Quest Partners LLC purchased a new position in shares of DXC Technology during the third quarter valued at approximately $97,000. Finally, Matrix Trust Co lifted its stake in shares of DXC Technology by 347.2% during the fourth quarter. Matrix Trust Co now owns 9,343 shares of the company’s stock valued at $187,000 after buying an additional 7,254 shares during the period. Hedge funds and other institutional investors own 96.20% of the company’s stock.

Analyst Ratings Changes

Separately, Morgan Stanley upped their price objective on shares of DXC Technology from $20.00 to $22.00 and gave the company an “equal weight” rating in a research note 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. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $21.29.

DXC Technology Stock Performance

NYSE:DXC opened at $16.47 on Friday. The company has a quick ratio of 1.34, a current ratio of 1.34 and a debt-to-equity ratio of 1.12. The company has a market cap of $2.98 billion, a P/E ratio of -39.21, a P/E/G ratio of 1.16 and a beta of 1.62. DXC Technology has a fifty-two week low of $14.79 and a fifty-two week high of $24.83. The firm’s 50 day moving average is $19.66 and its two-hundred day moving average is $20.50.

DXC Technology (NYSE:DXC) last posted its quarterly earnings results on Tuesday, February 4th. The company reported $0.92 earnings per share 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%. Analysts expect that DXC Technology will post 3.35 EPS for the current year.

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).