Aster Capital Management DIFC Ltd Takes Position in DXC Technology (NYSE:DXC)

Aster Capital Management DIFC Ltd acquired a new position in shares of DXC Technology (NYSE:DXC) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 19,270 shares of the company’s stock, valued at approximately $385,000.

Several other institutional investors have also added to or reduced their stakes in the stock. US Bancorp DE raised its stake in shares of DXC Technology by 17.3% in the 4th quarter. US Bancorp DE now owns 13,406 shares of the company’s stock valued at $268,000 after purchasing an additional 1,977 shares during the period. Principal Financial Group Inc. raised its position in DXC Technology by 3.0% in the 4th quarter. Principal Financial Group Inc. now owns 877,399 shares of the company’s stock valued at $17,530,000 after buying an additional 25,573 shares during the last quarter. Royce & Associates LP lifted its stake in DXC Technology by 35.7% in the 4th quarter. Royce & Associates LP now owns 124,813 shares of the company’s stock valued at $2,494,000 after acquiring an additional 32,842 shares in the last quarter. State of Alaska Department of Revenue boosted its position in DXC Technology by 86.9% during the 4th quarter. State of Alaska Department of Revenue now owns 192,880 shares of the company’s stock worth $3,853,000 after acquiring an additional 89,698 shares during the last quarter. Finally, Victory Capital Management Inc. boosted its position in DXC Technology by 22.4% during the 4th quarter. Victory Capital Management Inc. now owns 91,980 shares of the company’s stock worth $1,838,000 after acquiring an additional 16,850 shares during the last quarter. 96.20% of the stock is owned by institutional investors.

DXC Technology Stock Down 9.2 %

DXC stock opened at $14.89 on Monday. The company has a market cap of $2.70 billion, a price-to-earnings ratio of -35.46, a P/E/G ratio of 1.16 and a beta of 1.37. DXC Technology has a twelve month low of $14.02 and a twelve month high of $24.83. The business has a 50 day moving average price of $18.93 and a two-hundred day moving average price of $20.22. The company has a quick ratio of 1.34, a current ratio of 1.34 and a debt-to-equity ratio of 1.12.

DXC Technology (NYSE:DXC) last released 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%. Analysts anticipate that DXC Technology will post 3.35 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, Morgan Stanley boosted 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 six have given a hold rating to the company. Based on data from MarketBeat, DXC Technology has an average rating of “Hold” and an average price target of $21.29.

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).