Ieq Capital LLC Purchases New Position in DXC Technology (NYSE:DXC)

Ieq Capital LLC acquired a new position in shares of DXC Technology (NYSE:DXC) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 71,635 shares of the company’s stock, valued at approximately $1,431,000.

Several other institutional investors have also modified their holdings of the stock. Newbridge Financial Services Group Inc. raised its stake 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 acquiring an additional 900 shares in the last quarter. Prospera Private Wealth LLC purchased a new position in shares of DXC Technology during the third quarter worth about $49,000. Brown Lisle Cummings Inc. lifted 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 purchasing an additional 1,200 shares during the last quarter. Quest Partners LLC acquired a new stake in shares of DXC Technology in the 3rd quarter valued at about $97,000. 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. Hedge funds and other institutional investors own 96.20% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the company. Morgan Stanley boosted their price objective on DXC Technology from $20.00 to $22.00 and gave the company an “equal weight” rating in a research note on Friday, January 31st. BMO Capital Markets increased their price target on shares of DXC Technology from $22.00 to $25.00 and gave the stock a “market perform” rating in a research note on Monday, November 11th. Finally, Susquehanna lifted their price objective on shares of DXC Technology from $19.00 to $23.00 and gave the company a “neutral” rating in a research note on Friday, November 8th. One investment analyst has rated the stock with a sell rating and seven have issued a hold rating to the 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 Stock Performance

NYSE:DXC opened at $19.25 on Tuesday. 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 firm has a market cap of $3.49 billion, a price-to-earnings ratio of -45.83, a price-to-earnings-growth ratio of 1.16 and a beta of 1.65. The firm’s fifty day moving average price is $20.66 and its 200 day moving average price is $20.82. DXC Technology has a 1-year low of $14.78 and a 1-year high of $24.83.

DXC Technology (NYSE:DXC) last issued 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%. On average, sell-side analysts expect that DXC Technology will post 3.35 EPS for the current year.

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).