Counterpoint Mutual Funds LLC Buys New Stake in DXC Technology (NYSE:DXC)

Counterpoint Mutual Funds LLC bought a new stake in DXC Technology (NYSE:DXC) in the fourth quarter, HoldingsChannel.com reports. The fund bought 16,360 shares of the company’s stock, valued at approximately $327,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Pacer Advisors Inc. grew its holdings in shares of DXC Technology by 4.7% in the third quarter. Pacer Advisors Inc. now owns 20,140,488 shares of the company’s stock valued at $417,915,000 after purchasing an additional 899,510 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its position in DXC Technology by 3.5% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,930,963 shares of the company’s stock worth $38,581,000 after buying an additional 64,867 shares during the last quarter. Principal Financial Group Inc. lifted its position in DXC Technology by 3.0% in the fourth quarter. Principal Financial Group Inc. now owns 877,399 shares of the company’s stock worth $17,530,000 after buying an additional 25,573 shares during the last quarter. JPMorgan Chase & Co. lifted its position in DXC Technology by 1.3% in the third 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 last quarter. Finally, Assenagon Asset Management S.A. lifted its position in DXC Technology by 4,893.5% in the fourth quarter. Assenagon Asset Management S.A. now owns 669,576 shares of the company’s stock worth $13,378,000 after buying an additional 656,167 shares during the last quarter. 96.20% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Separately, Morgan Stanley raised their price target on DXC Technology from $20.00 to $22.00 and gave the stock an “equal weight” rating in a research report on Friday, January 31st. One analyst has rated the stock with a sell rating and seven have issued a hold rating to the company. According to MarketBeat, DXC Technology has a consensus rating of “Hold” and an average target price of $21.38.

DXC Technology Stock Up 0.6 %

NYSE:DXC opened at $17.39 on Tuesday. DXC Technology has a twelve month low of $14.79 and a twelve month high of $24.83. The company has a market cap of $3.15 billion, a price-to-earnings ratio of -41.40, a price-to-earnings-growth ratio of 1.16 and a beta of 1.62. The stock has a fifty day simple moving average of $19.90 and a 200-day simple moving average of $20.60. The company has a current ratio of 1.34, a quick ratio of 1.34 and a debt-to-equity ratio of 1.12.

DXC Technology (NYSE:DXC) last released its earnings results on Tuesday, February 4th. The company reported $0.92 earnings per share for the quarter, topping the consensus estimate 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%. Analysts anticipate that DXC Technology will post 3.35 EPS for the current 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).