Newbridge Financial Services Group Inc. Acquires 900 Shares of DXC Technology (NYSE:DXC)

Newbridge Financial Services Group Inc. boosted its holdings in shares of DXC Technology (NYSE:DXC) by 116.1% during the fourth quarter, HoldingsChannel reports. The fund owned 1,675 shares of the company’s stock after purchasing an additional 900 shares during the quarter. Newbridge Financial Services Group Inc.’s holdings in DXC Technology were worth $33,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in DXC. Pacer Advisors Inc. grew its holdings in DXC Technology by 4.7% during the 3rd quarter. Pacer Advisors Inc. now owns 20,140,488 shares of the company’s stock worth $417,915,000 after acquiring an additional 899,510 shares during the last quarter. Assenagon Asset Management S.A. boosted its stake in shares of DXC Technology by 4,893.5% in the 4th quarter. Assenagon Asset Management S.A. now owns 669,576 shares of the company’s stock valued at $13,378,000 after purchasing an additional 656,167 shares during the last quarter. KBC Group NV boosted its stake in shares of DXC Technology by 2,380.1% in the 4th quarter. KBC Group NV now owns 142,505 shares of the company’s stock valued at $2,847,000 after purchasing an additional 136,759 shares during the last quarter. Moran Wealth Management LLC bought a new stake in shares of DXC Technology in the 3rd quarter valued at $2,414,000. Finally, Dynamic Technology Lab Private Ltd bought a new stake in shares of DXC Technology in the 3rd quarter valued at $1,904,000. 96.20% of the stock is owned by institutional investors.

DXC Technology Stock Down 1.0 %

DXC Technology stock opened at $20.04 on Wednesday. The company has a quick ratio of 1.25, a current ratio of 1.34 and a debt-to-equity ratio of 1.12. DXC Technology has a 12-month low of $14.78 and a 12-month high of $24.83. The firm’s fifty day moving average is $20.96 and its 200 day moving average is $20.75. The company has a market capitalization of $3.63 billion, a PE ratio of -47.70, a PEG ratio of 1.59 and a beta of 1.65.

DXC Technology (NYSE:DXC) last released its earnings results 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%. As a group, sell-side analysts predict that DXC Technology will post 3.36 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts have recently commented on DXC shares. BMO Capital Markets upped their price objective on shares of DXC Technology from $22.00 to $25.00 and gave the company a “market perform” rating in a research note on Monday, November 11th. 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. Finally, Susquehanna upped their price objective on shares of DXC Technology from $19.00 to $23.00 and gave the company a “neutral” rating in a research note on Friday, November 8th. One research analyst has rated the stock with a sell rating and seven have assigned a hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $21.38.

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).