Paragon Capital Management Inc. Purchases 1,722 Shares of DXC Technology (NYSE:DXC)

Paragon Capital Management Inc. raised its stake in shares of DXC Technology (NYSE:DXC) by 1.8% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 98,949 shares of the company’s stock after acquiring an additional 1,722 shares during the period. DXC Technology makes up approximately 1.5% of Paragon Capital Management Inc.’s holdings, making the stock its 15th biggest position. Paragon Capital Management Inc. owned approximately 0.05% of DXC Technology worth $1,977,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. Matrix Trust Co purchased a new stake in DXC Technology in the 3rd quarter worth approximately $43,000. Prospera Private Wealth LLC bought a new position in shares of DXC Technology during the 3rd quarter valued at approximately $49,000. Brown Lisle Cummings Inc. boosted its position in shares of DXC Technology by 60.0% during the 4th quarter. Brown Lisle Cummings Inc. now owns 3,200 shares of the company’s stock valued at $64,000 after acquiring an additional 1,200 shares during the last quarter. GAMMA Investing LLC lifted its position in DXC Technology by 48.7% in the third quarter. GAMMA Investing LLC now owns 3,425 shares of the company’s stock worth $71,000 after buying an additional 1,122 shares during the last quarter. Finally, Carolina Wealth Advisors LLC bought a new stake in DXC Technology in the third quarter worth $79,000. Hedge funds and other institutional investors own 96.20% of the company’s stock.

Analyst Ratings Changes

A number of analysts have weighed in on the company. Susquehanna increased their target price on DXC Technology from $19.00 to $23.00 and gave the stock a “neutral” rating in a research note on Friday, November 8th. Morgan Stanley lifted their target price on DXC Technology from $20.00 to $22.00 and gave the company an “equal weight” rating in a research note on Friday, January 31st. Finally, BMO Capital Markets lifted their target price on DXC Technology from $22.00 to $25.00 and gave the company a “market perform” rating in a research note 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 company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $21.38.

DXC Technology Trading Up 2.5 %

DXC Technology stock opened at $22.56 on Wednesday. DXC Technology has a 52 week low of $14.78 and a 52 week high of $24.83. The company has a market capitalization of $4.08 billion, a price-to-earnings ratio of 282.01, a price-to-earnings-growth ratio of 1.41 and a beta of 1.65. The stock has a 50-day moving average price of $21.09 and a 200 day moving average price of $20.70. 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 announced its quarterly earnings results on Tuesday, February 4th. The company reported $0.92 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.69 by $0.23. DXC Technology had a return on equity of 20.42% and a net margin of 0.18%. Sell-side analysts anticipate that DXC Technology will post 3.17 EPS for the current year.

DXC Technology 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).