115,842 Shares in DXC Technology (NYSE:DXC) Bought by AGF Management Ltd.

AGF Management Ltd. purchased a new position in shares of DXC Technology (NYSE:DXC) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 115,842 shares of the company’s stock, valued at approximately $2,315,000. AGF Management Ltd. owned 0.06% of DXC Technology at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Newbridge Financial Services Group Inc. raised its position in DXC Technology by 116.1% during the 4th quarter. Newbridge Financial Services Group Inc. now owns 1,675 shares of the company’s stock worth $33,000 after buying an additional 900 shares during the last quarter. Prospera Private Wealth LLC purchased a new position in DXC Technology during the 3rd quarter worth $49,000. Smartleaf Asset Management LLC raised its position in DXC Technology by 366.4% during the 4th quarter. Smartleaf Asset Management LLC now owns 2,999 shares of the company’s stock worth $60,000 after buying an additional 2,356 shares during the last quarter. Brown Lisle Cummings Inc. raised its position in DXC Technology by 60.0% during the 4th quarter. Brown Lisle Cummings Inc. now owns 3,200 shares of the company’s stock worth $64,000 after buying an additional 1,200 shares during the last quarter. Finally, Quest Partners LLC purchased a new position in DXC Technology during the 3rd quarter worth $97,000. Hedge funds and other institutional investors own 96.20% of the company’s stock.

DXC Technology Stock Performance

Shares of DXC opened at $17.26 on Friday. The company has a 50-day simple moving average of $20.01 and a 200-day simple moving average of $20.65. The company has a quick ratio of 1.34, a current ratio of 1.34 and a debt-to-equity ratio of 1.12. The company has a market capitalization of $3.12 billion, a PE ratio of -41.08, a P/E/G ratio of 1.16 and a beta of 1.62. DXC Technology has a 52-week low of $14.79 and a 52-week high of $24.83.

DXC Technology (NYSE:DXC) last posted its 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 negative net margin of 0.57% and a positive return on equity of 20.70%. Equities research analysts predict that DXC Technology will post 3.35 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Separately, Morgan Stanley upped their price objective on shares of DXC Technology from $20.00 to $22.00 and gave the stock an “equal weight” rating in a research report on Friday, January 31st. One research analyst has rated the stock with a sell rating and seven have issued a hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $21.38.

DXC Technology 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).