Mastech Digital, Inc. (NYSE:MHH) Shares Purchased by Barclays PLC

Barclays PLC raised its stake in shares of Mastech Digital, Inc. (NYSE:MHH) by 24.1% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 8,120 shares of the company’s stock after buying an additional 1,576 shares during the period. Barclays PLC’s holdings in Mastech Digital were worth $122,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of MHH. Renaissance Technologies LLC boosted its position in Mastech Digital by 2.4% during the 4th quarter. Renaissance Technologies LLC now owns 111,727 shares of the company’s stock worth $1,665,000 after purchasing an additional 2,600 shares during the period. Geode Capital Management LLC grew its stake in Mastech Digital by 7.6% in the fourth quarter. Geode Capital Management LLC now owns 51,384 shares of the company’s stock worth $766,000 after purchasing an additional 3,631 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership acquired a new position in Mastech Digital in the fourth quarter worth $267,000. 18.43% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Separately, StockNews.com cut shares of Mastech Digital from a “strong-buy” rating to a “buy” rating in a research report on Tuesday.

Mastech Digital Stock Performance

Shares of MHH stock opened at $8.21 on Thursday. The business’s fifty day moving average is $7.84 and its 200-day moving average is $9.70. Mastech Digital, Inc. has a 1 year low of $7.15 and a 1 year high of $16.00. The stock has a market cap of $96.50 million, a PE ratio of 28.31, a price-to-earnings-growth ratio of 0.79 and a beta of 0.81.

Mastech Digital (NYSE:MHH) last released its quarterly earnings results on Wednesday, February 19th. The company reported $0.23 earnings per share for the quarter, beating analysts’ consensus estimates of $0.18 by $0.05. Mastech Digital had a return on equity of 8.20% and a net margin of 1.71%. During the same period last year, the business posted $0.11 earnings per share. Equities research analysts predict that Mastech Digital, Inc. will post 0.84 earnings per share for the current year.

Mastech Digital Profile

Mastech Digital, Inc, together with its subsidiaries, provides digital transformation IT services to large, medium-sized, and small companies in the United States. The company operates through Data and Analytics Services and IT Staffing Services segments. It offers data management and analytics services, including project-based consulting services in the areas of master data management, enterprise data integration, big data and analytics, and digital transformation by using onsite and offshore resources.