Oak Thistle LLC Makes New $654,000 Investment in DXC Technology (NYSE:DXC)

Oak Thistle LLC acquired a new stake in DXC Technology (NYSE:DXC) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 32,745 shares of the company’s stock, valued at approximately $654,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Matrix Trust Co grew its position in DXC Technology by 347.2% in the 4th quarter. Matrix Trust Co now owns 9,343 shares of the company’s stock valued at $187,000 after acquiring an additional 7,254 shares in the last quarter. Range Financial Group LLC acquired a new position in shares of DXC Technology in the fourth quarter valued at approximately $300,000. JPMorgan Chase & Co. increased its stake in DXC Technology by 1.3% during the 3rd 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. lifted 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 worth $1,272,000 after buying an additional 1,502 shares in the last quarter. Finally, Sanctuary Advisors LLC purchased a new position in DXC Technology in the 3rd quarter valued at approximately $258,000. Hedge funds and other institutional investors own 96.20% of the company’s stock.

Wall Street Analysts Forecast Growth

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

DXC Technology Trading Up 4.6 %

DXC opened at $20.81 on Thursday. The company has a debt-to-equity ratio of 1.18, a quick ratio of 1.25 and a current ratio of 1.25. DXC Technology has a one year low of $14.78 and a one year high of $24.83. The company has a market cap of $3.77 billion, a P/E ratio of 260.16, a PEG ratio of 1.39 and a beta of 1.65. The business’s 50-day simple moving average is $21.22 and its 200-day simple moving average is $20.46.

DXC Technology (NYSE:DXC) last announced its quarterly earnings results on Thursday, November 7th. The company reported $0.93 EPS for the quarter, beating the consensus estimate of $0.72 by $0.21. The company had revenue of $3.24 billion for the quarter, compared to analyst estimates of $3.21 billion. DXC Technology had a net margin of 0.18% and a return on equity of 20.42%. During the same period in the prior year, the firm posted $0.70 earnings per share. As a group, equities research analysts expect that DXC Technology will post 3.18 EPS 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).