49,100 Shares in DXC Technology (NYSE:DXC) Purchased by KLP Kapitalforvaltning AS

KLP Kapitalforvaltning AS purchased a new position in DXC Technology (NYSE:DXC) during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 49,100 shares of the company’s stock, valued at approximately $981,000.

A number of other institutional investors also recently bought and sold shares of DXC. Cerity Partners LLC increased its stake in shares of DXC Technology by 109.7% in the third quarter. Cerity Partners LLC now owns 38,752 shares of the company’s stock worth $804,000 after acquiring an additional 20,269 shares during the period. Benjamin Edwards Inc. purchased a new stake in DXC Technology in the third quarter valued at $664,000. Point72 Asset Management L.P. acquired a new stake in DXC Technology during the 3rd quarter worth about $1,438,000. RBF Capital LLC purchased a new position in shares of DXC Technology during the 3rd quarter valued at about $622,000. Finally, XTX Topco Ltd lifted its holdings in shares of DXC Technology by 294.7% in the 3rd quarter. XTX Topco Ltd now owns 53,686 shares of the company’s stock valued at $1,114,000 after buying an additional 40,085 shares during the period. 96.20% of the stock is owned by hedge funds and other institutional investors.

DXC Technology Trading Down 1.7 %

DXC stock opened at $17.10 on Monday. DXC Technology has a 52-week low of $14.79 and a 52-week high of $24.83. 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 firm has a market cap of $3.10 billion, a P/E ratio of -40.70, a PEG ratio of 1.16 and a beta of 1.62. The company’s 50-day simple moving average is $19.35 and its 200-day simple moving average is $20.37.

DXC Technology (NYSE:DXC) last issued its quarterly earnings results 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 positive return on equity of 20.70% and a negative net margin of 0.57%. As a group, equities analysts forecast that DXC Technology will post 3.35 EPS for the current fiscal year.

Analysts Set New Price Targets

Separately, Morgan Stanley raised their target price on 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 issued a hold rating to the company’s stock. Based on data from MarketBeat, DXC Technology has an average rating of “Hold” and an average target price of $21.29.

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).