Range Financial Group LLC Purchases New Position in DXC Technology (NYSE:DXC)

Range Financial Group LLC acquired a new position in shares of DXC Technology (NYSE:DXC) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 15,029 shares of the company’s stock, valued at approximately $300,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. William B. Walkup & Associates Inc. purchased a new position in DXC Technology during the 2nd quarter worth approximately $26,000. Matrix Trust Co acquired a new stake in shares of DXC Technology in the third quarter valued at approximately $43,000. Prospera Private Wealth LLC purchased a new position in shares of DXC Technology during the third quarter worth approximately $49,000. GAMMA Investing LLC increased its holdings in shares of DXC Technology by 48.7% in the 3rd quarter. GAMMA Investing LLC now owns 3,425 shares of the company’s stock valued at $71,000 after acquiring an additional 1,122 shares during the period. Finally, Carolina Wealth Advisors LLC purchased a new stake in DXC Technology in the 3rd quarter valued at $79,000. Institutional investors and hedge funds own 96.20% of the company’s stock.

DXC Technology Trading Up 0.7 %

NYSE DXC opened at $20.34 on Wednesday. DXC Technology has a 52-week low of $14.78 and a 52-week high of $24.83. The firm has a 50-day moving average price of $21.27 and a 200 day moving average price of $20.42. The stock has a market capitalization of $3.68 billion, a P/E ratio of 254.28, a P/E/G ratio of 1.40 and a beta of 1.66. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 1.18.

DXC Technology (NYSE:DXC) last posted its quarterly earnings results on Thursday, November 7th. The company reported $0.93 EPS for the quarter, beating the consensus estimate of $0.72 by $0.21. DXC Technology had a return on equity of 20.42% and a net margin of 0.18%. The business had revenue of $3.24 billion during the quarter, compared to analysts’ expectations of $3.21 billion. During the same period last year, the firm earned $0.70 EPS. Equities research analysts expect that DXC Technology will post 3.18 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research firms have commented on DXC. 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. BMO Capital Markets boosted their price target on DXC Technology from $22.00 to $25.00 and gave the company a “market perform” rating in a research report on Monday, November 11th. Two research analysts have rated the stock with a sell rating and seven have issued a hold rating to the company. According to MarketBeat.com, DXC Technology currently has a consensus rating of “Hold” and a consensus price target of $20.89.

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).