DXC Technology (NYSE:DXC) Position Increased by Jackson Creek Investment Advisors LLC

Jackson Creek Investment Advisors LLC grew its position in shares of DXC Technology (NYSE:DXC) by 306.1% during the fourth quarter, Holdings Channel reports. The firm owned 102,020 shares of the company’s stock after acquiring an additional 76,901 shares during the quarter. DXC Technology makes up approximately 0.6% of Jackson Creek Investment Advisors LLC’s portfolio, making the stock its 10th biggest holding. Jackson Creek Investment Advisors LLC’s holdings in DXC Technology were worth $2,038,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Newbridge Financial Services Group Inc. grew its holdings 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 in the last quarter. Prospera Private Wealth LLC purchased a new position in DXC Technology in the 3rd quarter valued at approximately $49,000. Smartleaf Asset Management LLC grew its stake in shares of DXC Technology by 366.4% in the fourth quarter. Smartleaf Asset Management LLC now owns 2,999 shares of the company’s stock worth $60,000 after acquiring an additional 2,356 shares in the last quarter. Brown Lisle Cummings Inc. increased its position in shares of DXC Technology by 60.0% during the fourth quarter. Brown Lisle Cummings Inc. now owns 3,200 shares of the company’s stock worth $64,000 after acquiring an additional 1,200 shares during the period. Finally, Quest Partners LLC acquired a new stake in shares of DXC Technology in the third quarter valued at $97,000. 96.20% of the stock is currently owned by hedge funds and other institutional investors.

DXC Technology Trading Down 1.6 %

NYSE DXC opened at $17.94 on Friday. The firm’s fifty day moving average price is $20.30 and its 200 day moving average price is $20.75. DXC Technology has a 12 month low of $14.78 and a 12 month high of $24.83. The company has a debt-to-equity ratio of 1.12, a current ratio of 1.34 and a quick ratio of 1.34. The company has a market capitalization of $3.25 billion, a price-to-earnings ratio of -42.70, a price-to-earnings-growth ratio of 1.16 and a beta of 1.65.

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

Wall Street Analyst Weigh In

Several research analysts recently commented on DXC shares. BMO Capital Markets boosted their target price on DXC Technology from $22.00 to $25.00 and gave the stock a “market perform” rating in a research note on Monday, November 11th. Morgan Stanley boosted their price objective 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. Finally, Susquehanna raised their target price on shares of DXC Technology from $19.00 to $23.00 and gave the company a “neutral” rating in a report on Friday, November 8th. One investment analyst has rated the stock with a sell rating and seven have given a hold rating to the stock. According to data from MarketBeat, DXC Technology has an average rating of “Hold” and an average target price 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).