Captrust Financial Advisors Increases Holdings in DXC Technology (NYSE:DXC)

Captrust Financial Advisors raised its holdings in shares of DXC Technology (NYSE:DXC) by 27.4% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 19,911 shares of the company’s stock after acquiring an additional 4,279 shares during the quarter. Captrust Financial Advisors’ holdings in DXC Technology were worth $398,000 as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in DXC. Newbridge Financial Services Group Inc. boosted its holdings in DXC Technology by 116.1% in the fourth quarter. Newbridge Financial Services Group Inc. now owns 1,675 shares of the company’s stock valued at $33,000 after purchasing an additional 900 shares in the last quarter. Meeder Asset Management Inc. acquired a new position in shares of DXC Technology in the 4th quarter valued at $55,000. Smartleaf Asset Management LLC grew its position 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 buying an additional 2,356 shares during the last quarter. Brown Lisle Cummings Inc. raised its stake 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 acquiring an additional 1,200 shares in the last quarter. Finally, Quarry LP lifted its position in DXC Technology by 604.1% in the fourth quarter. Quarry LP now owns 3,978 shares of the company’s stock valued at $79,000 after acquiring an additional 3,413 shares during the last quarter. Hedge funds and other institutional investors own 96.20% of the company’s stock.

DXC Technology Trading Up 0.2%

NYSE:DXC opened at $15.30 on Tuesday. The company has a current ratio of 1.34, a quick ratio of 1.34 and a debt-to-equity ratio of 1.12. The stock’s 50 day simple moving average is $15.87 and its 200-day simple moving average is $19.02. DXC Technology has a 12-month low of $13.44 and a 12-month high of $24.83. The firm has a market cap of $2.77 billion, a P/E ratio of -36.43, a PEG ratio of 1.16 and a beta of 1.18.

DXC Technology (NYSE:DXC) last released its earnings results on Wednesday, May 14th. The company reported $0.84 EPS for the quarter, topping the consensus estimate of $0.76 by $0.08. DXC Technology had a negative net margin of 0.57% and a positive return on equity of 20.70%. The company had revenue of $3.17 billion during the quarter, compared to analysts’ expectations of $3.13 billion. During the same quarter last year, the business earned $0.97 EPS. The business’s revenue was down 6.4% on a year-over-year basis. Equities analysts anticipate that DXC Technology will post 3.35 EPS for the current year.

Analyst Ratings Changes

DXC has been the topic of a number of research analyst reports. Morgan Stanley cut their target price on DXC Technology from $22.00 to $16.00 and set an “equal weight” rating on the stock in a research report on Thursday, May 15th. Royal Bank of Canada cut their price target on DXC Technology from $27.00 to $18.00 and set a “sector perform” rating on the stock in a research report on Thursday, May 15th. Susquehanna decreased their price objective on DXC Technology from $23.00 to $16.00 and set a “neutral” rating for the company in a report on Wednesday, April 23rd. Guggenheim restated a “neutral” rating on shares of DXC Technology in a research report on Monday, May 12th. Finally, BMO Capital Markets reduced their price target on shares of DXC Technology from $26.00 to $17.00 and set a “market perform” rating for the company in a research report on Thursday, May 15th. One research analyst has rated the stock with a sell rating and six have assigned a hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $17.83.

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).