Royce & Associates LP Buys 32,842 Shares of DXC Technology (NYSE:DXC)

Royce & Associates LP increased its stake in DXC Technology (NYSE:DXC) by 35.7% in the 4th quarter, Holdings Channel reports. The fund owned 124,813 shares of the company’s stock after buying an additional 32,842 shares during the quarter. Royce & Associates LP’s holdings in DXC Technology were worth $2,494,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the company. Newbridge Financial Services Group Inc. raised its stake in shares of DXC Technology by 116.1% during the fourth quarter. Newbridge Financial Services Group Inc. now owns 1,675 shares of the company’s stock worth $33,000 after acquiring an additional 900 shares in the last quarter. Prospera Private Wealth LLC bought a new position in shares of DXC Technology during the 3rd quarter valued at $49,000. Smartleaf Asset Management LLC raised its position in DXC Technology by 366.4% in the 4th quarter. Smartleaf Asset Management LLC now owns 2,999 shares of the company’s stock worth $60,000 after purchasing an additional 2,356 shares during the period. Brown Lisle Cummings Inc. raised its position in DXC Technology by 60.0% in the 4th quarter. Brown Lisle Cummings Inc. now owns 3,200 shares of the company’s stock worth $64,000 after purchasing an additional 1,200 shares during the period. Finally, Quest Partners LLC bought a new stake in DXC Technology in the third quarter worth $97,000. Institutional investors own 96.20% of the company’s stock.

DXC Technology Price Performance

Shares of DXC Technology stock opened at $17.13 on Friday. The company’s fifty day simple moving average is $19.72 and its two-hundred day simple moving average is $20.53. DXC Technology has a 12-month low of $14.79 and a 12-month high of $24.83. The firm has a market cap of $3.10 billion, a PE ratio of -40.79, a price-to-earnings-growth ratio of 1.16 and a beta of 1.62. The company has a quick ratio of 1.34, a current ratio of 1.34 and a debt-to-equity ratio of 1.12.

DXC Technology (NYSE:DXC) last posted its earnings results 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%. As a group, equities analysts expect that DXC Technology will post 3.35 EPS for the current year.

Analyst Ratings Changes

Separately, Morgan Stanley lifted their price objective on DXC Technology from $20.00 to $22.00 and gave the stock an “equal weight” rating in a report on Friday, January 31st. One analyst has rated the stock with a sell rating and six have assigned a hold rating to the company. According to MarketBeat.com, DXC Technology presently has a consensus rating of “Hold” and an average price target of $21.29.

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).