Brown Lisle Cummings Inc. Raises Stock Holdings in DXC Technology (NYSE:DXC)

Brown Lisle Cummings Inc. grew its position in DXC Technology (NYSE:DXC) by 60.0% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,200 shares of the company’s stock after acquiring an additional 1,200 shares during the quarter. Brown Lisle Cummings Inc.’s holdings in DXC Technology were worth $64,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the business. Matrix Trust Co acquired a new stake in DXC Technology during the 3rd quarter worth $43,000. Prospera Private Wealth LLC acquired a new stake in shares of DXC Technology during the third quarter worth about $49,000. GAMMA Investing LLC boosted its stake in shares of DXC Technology by 48.7% during the third quarter. GAMMA Investing LLC now owns 3,425 shares of the company’s stock worth $71,000 after buying an additional 1,122 shares during the period. Carolina Wealth Advisors LLC acquired a new position in DXC Technology in the 3rd quarter valued at about $79,000. Finally, Quest Partners LLC acquired a new position in DXC Technology in the 3rd quarter valued at about $97,000. 96.20% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on DXC shares. Susquehanna lifted their target price on DXC Technology from $19.00 to $23.00 and gave the company a “neutral” rating in a research note on Friday, November 8th. Morgan Stanley lifted 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 report on Friday, January 31st. Finally, BMO Capital Markets upped their price objective on shares of DXC Technology from $22.00 to $25.00 and gave the stock a “market perform” rating in a research report on Monday, November 11th. One research analyst has rated the stock with a sell rating and seven have given a hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $21.38.

DXC Technology Trading Up 2.5 %

NYSE:DXC opened at $22.56 on Wednesday. The stock has a market capitalization of $4.08 billion, a price-to-earnings ratio of 282.01, a PEG ratio of 1.41 and a beta of 1.65. DXC Technology has a 1 year low of $14.78 and a 1 year high of $24.83. The stock has a fifty day moving average price of $21.09 and a two-hundred day moving average price of $20.70. 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 (NYSE:DXC) last announced its quarterly earnings data on Tuesday, February 4th. The company reported $0.92 EPS for the quarter, beating the consensus estimate of $0.69 by $0.23. DXC Technology had a net margin of 0.18% and a return on equity of 20.42%. As a group, sell-side analysts anticipate that DXC Technology will post 3.17 earnings per share for the current fiscal 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).