Integrated Quantitative Investments LLC Takes $1.04 Million Position in DXC Technology (NYSE:DXC)

Integrated Quantitative Investments LLC purchased a new position in DXC Technology (NYSE:DXC) during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 52,000 shares of the company’s stock, valued at approximately $1,039,000.

Several other hedge funds have also recently bought and sold shares of the company. Arizona State Retirement System grew its holdings in DXC Technology by 1.1% in the fourth quarter. Arizona State Retirement System now owns 52,475 shares of the company’s stock valued at $1,048,000 after purchasing an additional 566 shares during the last quarter. Highland Capital Management LLC raised its position in DXC Technology by 6.6% during the fourth quarter. Highland Capital Management LLC now owns 11,850 shares of the company’s stock worth $237,000 after acquiring an additional 731 shares during the last quarter. Corient Private Wealth LLC lifted its holdings in shares of DXC Technology by 2.3% in the fourth quarter. Corient Private Wealth LLC now owns 32,796 shares of the company’s stock valued at $655,000 after purchasing an additional 740 shares in the last quarter. Newbridge Financial Services Group Inc. grew its position in shares of DXC Technology by 116.1% in the fourth 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. Finally, CIBC Asset Management Inc increased its stake in shares of DXC Technology by 5.6% during the 4th quarter. CIBC Asset Management Inc now owns 17,976 shares of the company’s stock worth $359,000 after purchasing an additional 950 shares in the last quarter. 96.20% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Separately, Morgan Stanley upped their target price on DXC Technology from $20.00 to $22.00 and gave the company an “equal weight” rating in a research note on Friday, January 31st. One equities research analyst has rated the stock with a sell rating and six have assigned a hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $21.29.

DXC Technology Price Performance

DXC opened at $16.44 on Friday. DXC Technology has a 1 year low of $14.79 and a 1 year high of $24.83. The company’s 50 day simple moving average is $19.05 and its 200 day simple moving average is $20.28. The stock has a market capitalization of $2.98 billion, a PE ratio of -39.13, a P/E/G ratio of 1.16 and a beta of 1.37. The company has a debt-to-equity ratio of 1.12, a quick ratio of 1.34 and a current ratio of 1.34.

DXC Technology (NYSE:DXC) last released its quarterly earnings data on Tuesday, February 4th. The company reported $0.92 earnings per share for the quarter, beating 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%. As a group, sell-side analysts expect that DXC Technology will post 3.35 EPS for the current year.

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).