Argyle Capital Management LLC Boosts Stock Holdings in DXC Technology (NYSE:DXC)

Argyle Capital Management LLC lifted its position in DXC Technology (NYSE:DXC) by 31.7% in the 4th quarter, HoldingsChannel.com reports. The firm owned 44,067 shares of the company’s stock after acquiring an additional 10,619 shares during the quarter. Argyle Capital Management LLC’s holdings in DXC Technology were worth $880,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently added to or reduced their stakes in DXC. Highland Capital Management LLC increased its holdings in DXC Technology by 6.6% in the fourth quarter. Highland Capital Management LLC now owns 11,850 shares of the company’s stock valued at $237,000 after buying an additional 731 shares in the last quarter. Newbridge Financial Services Group Inc. grew its position in shares of DXC Technology by 116.1% during the 4th quarter. Newbridge Financial Services Group Inc. now owns 1,675 shares of the company’s stock valued at $33,000 after acquiring an additional 900 shares during the period. CIBC Asset Management Inc increased its stake in shares of DXC Technology by 5.6% in the 4th quarter. CIBC Asset Management Inc now owns 17,976 shares of the company’s stock valued at $359,000 after purchasing an additional 950 shares in the last quarter. Brown Lisle Cummings Inc. raised its holdings in DXC Technology by 60.0% in the 4th quarter. Brown Lisle Cummings Inc. now owns 3,200 shares of the company’s stock worth $64,000 after purchasing an additional 1,200 shares during the period. Finally, Franklin Resources Inc. boosted its position in DXC Technology by 2.4% during the third quarter. Franklin Resources Inc. now owns 63,230 shares of the company’s stock worth $1,272,000 after purchasing an additional 1,502 shares in the last quarter. 96.20% of the stock is owned by hedge funds and other institutional investors.

DXC Technology Stock Down 1.6 %

Shares of DXC opened at $18.28 on Friday. The stock has a 50 day moving average price of $20.50 and a 200 day moving average price of $20.78. DXC Technology has a one year low of $14.78 and a one year high of $24.83. The company has a debt-to-equity ratio of 1.12, a quick ratio of 1.34 and a current ratio of 1.34. The stock has a market capitalization of $3.31 billion, a price-to-earnings ratio of -43.53, a PEG ratio of 1.16 and a beta of 1.65.

DXC Technology (NYSE:DXC) last released its earnings results on Tuesday, February 4th. The company reported $0.92 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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%. Equities research analysts forecast that DXC Technology will post 3.35 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on DXC shares. 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 report on Friday, January 31st. Susquehanna lifted their price target 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. Finally, BMO Capital Markets upped their price objective on shares of DXC Technology from $22.00 to $25.00 and gave the stock a “market perform” rating in a research report on Monday, November 11th. One equities research analyst has rated the stock with a sell rating and seven have given a hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $21.38.

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).