Counterpoint Mutual Funds LLC Takes $327,000 Position in DXC Technology (NYSE:DXC)

Counterpoint Mutual Funds LLC purchased a new stake in shares of DXC Technology (NYSE:DXC) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 16,360 shares of the company’s stock, valued at approximately $327,000.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Newbridge Financial Services Group Inc. increased its position in shares of DXC Technology by 116.1% during the 4th quarter. Newbridge Financial Services Group Inc. now owns 1,675 shares of the company’s stock valued at $33,000 after purchasing an additional 900 shares during the last quarter. Prospera Private Wealth LLC purchased a new stake in DXC Technology in the 3rd quarter worth approximately $49,000. Smartleaf Asset Management LLC increased its holdings in 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 acquiring an additional 2,356 shares in the last quarter. Brown Lisle Cummings Inc. increased its holdings in 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 in the last quarter. Finally, Quest Partners LLC purchased a new stake in DXC Technology in the 3rd quarter worth approximately $97,000. Hedge funds and other institutional investors own 96.20% of the company’s stock.

DXC Technology Trading Up 0.6 %

Shares of DXC opened at $17.39 on Tuesday. The company has a debt-to-equity ratio of 1.12, a current ratio of 1.34 and a quick ratio of 1.34. DXC Technology has a 1 year low of $14.79 and a 1 year high of $24.83. The company has a 50 day simple moving average of $19.90 and a two-hundred day simple moving average of $20.60. The firm has a market cap of $3.15 billion, a P/E ratio of -41.40, a price-to-earnings-growth ratio of 1.16 and a beta of 1.62.

DXC Technology (NYSE:DXC) last announced its quarterly earnings data on Tuesday, February 4th. The company reported $0.92 earnings per share (EPS) for the quarter, beating 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%. On average, equities analysts expect that DXC Technology will post 3.35 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, Morgan Stanley increased their target price 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 research analyst has rated the stock with a sell rating and seven have assigned a hold rating to the company. Based on data from MarketBeat.com, DXC Technology has a consensus rating of “Hold” and a consensus price target of $21.38.

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).