UniSuper Management Pty Ltd Makes New $882,000 Investment in DXC Technology (NYSE:DXC)

UniSuper Management Pty Ltd acquired a new position in shares of DXC Technology (NYSE:DXC) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 41,599 shares of the company’s stock, valued at approximately $882,000.

Other hedge funds have also recently bought and sold shares of the company. GAMMA Investing LLC purchased a new position in shares of DXC Technology in the 4th quarter worth about $49,000. Quarry LP purchased a new position in shares of DXC Technology in the 4th quarter worth about $51,000. Quest Partners LLC purchased a new position in shares of DXC Technology in the 4th quarter worth about $104,000. Quadrant Capital Group LLC boosted its holdings in shares of DXC Technology by 450.1% in the 4th quarter. Quadrant Capital Group LLC now owns 6,618 shares of the company’s stock worth $151,000 after buying an additional 5,415 shares during the last quarter. Finally, CHICAGO TRUST Co NA purchased a new position in shares of DXC Technology in the 1st quarter worth about $202,000. 96.20% of the stock is owned by hedge funds and other institutional investors.

DXC Technology Trading Up 1.6 %

Shares of DXC Technology stock traded up $0.31 on Thursday, hitting $19.78. The stock had a trading volume of 25,622 shares, compared to its average volume of 2,570,805. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 1.25. DXC Technology has a one year low of $14.78 and a one year high of $28.89. The stock has a market cap of $3.57 billion, a price-to-earnings ratio of 52.68, a PEG ratio of 2.26 and a beta of 1.73. The stock’s 50-day simple moving average is $17.86 and its two-hundred day simple moving average is $20.05.

DXC Technology (NYSE:DXC) last announced its quarterly earnings results on Thursday, May 16th. The company reported $0.97 EPS for the quarter, topping analysts’ consensus estimates of $0.83 by $0.14. DXC Technology had a return on equity of 18.43% and a net margin of 0.67%. The company had revenue of $3.39 billion during the quarter, compared to analyst estimates of $3.37 billion. During the same quarter last year, the firm posted $1.02 earnings per share. The firm’s revenue was down 5.6% on a year-over-year basis. As a group, sell-side analysts predict that DXC Technology will post 2.73 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the stock. Susquehanna boosted their price target on shares of DXC Technology from $15.00 to $19.00 and gave the stock a “neutral” rating in a report on Wednesday, June 12th. Royal Bank of Canada lowered their price target on shares of DXC Technology from $24.00 to $18.00 and set a “sector perform” rating on the stock in a report on Friday, May 17th. BMO Capital Markets lowered their price target on shares of DXC Technology from $23.00 to $17.50 and set a “market perform” rating on the stock in a report on Friday, May 17th. Stifel Nicolaus lowered their price target on shares of DXC Technology from $21.00 to $19.00 and set a “hold” rating on the stock in a report on Friday, May 17th. Finally, Morgan Stanley decreased their price objective on shares of DXC Technology from $21.00 to $18.00 and set an “equal weight” rating on the stock in a research report on Friday, May 17th. Three research analysts have rated the stock with a sell rating and eight have issued a hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $20.14.

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).