Barclays PLC Increases Stake in Mastech Digital, Inc. (NYSE:MHH)

Barclays PLC increased its position in shares of Mastech Digital, Inc. (NYSE:MHH) by 24.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 8,120 shares of the company’s stock after purchasing an additional 1,576 shares during the quarter. Barclays PLC owned 0.07% of Mastech Digital worth $122,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in MHH. Arrowstreet Capital Limited Partnership purchased a new stake in shares of Mastech Digital during the fourth quarter worth $267,000. Geode Capital Management LLC lifted its stake in Mastech Digital by 7.6% during the fourth quarter. Geode Capital Management LLC now owns 51,384 shares of the company’s stock worth $766,000 after purchasing an additional 3,631 shares in the last quarter. Finally, Renaissance Technologies LLC increased its stake in Mastech Digital by 2.4% during the fourth quarter. Renaissance Technologies LLC now owns 111,727 shares of the company’s stock worth $1,665,000 after purchasing an additional 2,600 shares during the period. Institutional investors and hedge funds own 18.43% of the company’s stock.

Analysts Set New Price Targets

Separately, StockNews.com lowered shares of Mastech Digital from a “strong-buy” rating to a “buy” rating in a research note on Tuesday.

Mastech Digital Stock Down 2.8%

Shares of MHH stock opened at $8.21 on Thursday. The stock’s 50-day moving average price is $7.84 and its 200 day moving average price is $9.70. Mastech Digital, Inc. has a 52-week low of $7.15 and a 52-week high of $16.00. The stock has a market capitalization of $96.50 million, a PE ratio of 28.31, a price-to-earnings-growth ratio of 0.79 and a beta of 0.81.

Mastech Digital (NYSE:MHH) last issued its earnings results on Wednesday, February 19th. The company reported $0.23 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.18 by $0.05. Mastech Digital had a return on equity of 8.20% and a net margin of 1.71%. During the same quarter in the prior year, the business posted $0.11 earnings per share. Analysts expect that Mastech Digital, Inc. will post 0.84 earnings per share for the current fiscal year.

About Mastech Digital

Mastech Digital, Inc, together with its subsidiaries, provides digital transformation IT services to large, medium-sized, and small companies in the United States. The company operates through Data and Analytics Services and IT Staffing Services segments. It offers data management and analytics services, including project-based consulting services in the areas of master data management, enterprise data integration, big data and analytics, and digital transformation by using onsite and offshore resources.