Newbridge Financial Services Group Inc. Has $33,000 Stake in DXC Technology (NYSE:DXC)

Newbridge Financial Services Group Inc. boosted its holdings in DXC Technology (NYSE:DXC) by 116.1% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,675 shares of the company’s stock after purchasing an additional 900 shares during the quarter. Newbridge Financial Services Group Inc.’s holdings in DXC Technology were worth $33,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of DXC. Pacer Advisors Inc. raised its position in shares of DXC Technology by 4.7% in the 3rd quarter. Pacer Advisors Inc. now owns 20,140,488 shares of the company’s stock valued at $417,915,000 after buying an additional 899,510 shares in the last quarter. JPMorgan Chase & Co. raised its position in shares of DXC Technology by 1.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 823,191 shares of the company’s stock valued at $17,081,000 after buying an additional 10,922 shares in the last quarter. Assenagon Asset Management S.A. raised its position in shares of DXC Technology by 4,893.5% in the 4th quarter. Assenagon Asset Management S.A. now owns 669,576 shares of the company’s stock valued at $13,378,000 after buying an additional 656,167 shares in the last quarter. Robeco Institutional Asset Management B.V. raised its position in shares of DXC Technology by 31.7% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 350,760 shares of the company’s stock valued at $7,278,000 after buying an additional 84,524 shares in the last quarter. Finally, Natixis Advisors LLC raised its position in shares of DXC Technology by 22.3% in the 3rd quarter. Natixis Advisors LLC now owns 223,376 shares of the company’s stock valued at $4,635,000 after buying an additional 40,771 shares in the last quarter. Institutional investors and hedge funds own 96.20% of the company’s stock.

DXC Technology Price Performance

DXC stock opened at $20.04 on Wednesday. The company has a 50 day simple moving average of $20.96 and a 200 day simple moving average of $20.75. The stock has a market cap of $3.63 billion, a price-to-earnings ratio of -47.70, a P/E/G ratio of 1.59 and a beta of 1.65. DXC Technology has a 1 year low of $14.78 and a 1 year 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 1.25.

DXC Technology (NYSE:DXC) last released its quarterly earnings data on Tuesday, February 4th. The company reported $0.92 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.69 by $0.23. DXC Technology had a negative net margin of 0.57% and a positive return on equity of 20.70%. Research analysts anticipate that DXC Technology will post 3.36 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities analysts have recently commented on DXC shares. BMO Capital Markets boosted their target price on shares of DXC Technology from $22.00 to $25.00 and gave the company a “market perform” rating in a research report on Monday, November 11th. Susquehanna boosted their target price on shares of DXC Technology from $19.00 to $23.00 and gave the company a “neutral” rating in a research report on Friday, November 8th. Finally, Morgan Stanley boosted their target price on shares of DXC Technology from $20.00 to $22.00 and gave the company an “equal weight” rating in a research report on Friday, January 31st. One equities research analyst has rated the stock with a sell rating and seven have issued a hold rating to the stock. Based on data from MarketBeat, DXC Technology has a consensus rating of “Hold” and a consensus price target 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).