Paralel Advisors LLC Acquires 10,752 Shares of DXC Technology (NYSE:DXC)

Paralel Advisors LLC boosted its position in shares of DXC Technology (NYSE:DXC) by 10.0% during the 4th quarter, HoldingsChannel reports. The firm owned 118,346 shares of the company’s stock after buying an additional 10,752 shares during the period. Paralel Advisors LLC’s holdings in DXC Technology were worth $2,365,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Newbridge Financial Services Group Inc. increased its holdings in shares of DXC Technology by 116.1% in the 4th quarter. Newbridge Financial Services Group Inc. now owns 1,675 shares of the company’s stock valued at $33,000 after acquiring an additional 900 shares during the period. Meeder Asset Management Inc. purchased a new position in shares of DXC Technology in the 4th quarter valued at $55,000. Smartleaf Asset Management LLC increased its holdings in shares of DXC Technology by 366.4% in the 4th quarter. Smartleaf Asset Management LLC now owns 2,999 shares of the company’s stock valued at $60,000 after acquiring an additional 2,356 shares during the period. Brown Lisle Cummings Inc. increased its holdings in shares of DXC Technology by 60.0% in the 4th quarter. Brown Lisle Cummings Inc. now owns 3,200 shares of the company’s stock valued at $64,000 after acquiring an additional 1,200 shares during the period. Finally, Matrix Trust Co grew its stake in DXC Technology by 347.2% during the 4th quarter. Matrix Trust Co now owns 9,343 shares of the company’s stock worth $187,000 after buying an additional 7,254 shares during the last quarter. 96.20% of the stock is currently owned by hedge funds and other institutional investors.

DXC Technology Stock Performance

DXC traded down $0.70 on Thursday, reaching $14.86. 34,476 shares of the stock were exchanged, compared to its average volume of 1,757,852. The firm has a market capitalization of $2.69 billion, a PE ratio of -35.38, a PEG ratio of 1.16 and a beta of 1.37. The company’s 50-day moving average price is $18.25 and its 200 day moving average price is $20.01. The company has a debt-to-equity ratio of 1.12, a current ratio of 1.34 and a quick ratio of 1.34. DXC Technology has a fifty-two week low of $13.44 and a fifty-two week high of $24.83.

DXC Technology (NYSE:DXC) last announced its quarterly earnings results 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 forecast that DXC Technology will post 3.35 EPS for the current fiscal year.

Analysts Set New Price Targets

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

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).