DXC Technology (NYSE:DXC) Shares Sold by Investment House LLC

Investment House LLC reduced its stake in shares of DXC Technology (NYSE:DXC) by 4.3% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 15,345 shares of the company’s stock after selling 690 shares during the period. Investment House LLC’s holdings in DXC Technology were worth $307,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in DXC. US Bancorp DE increased its holdings in shares of DXC Technology by 17.3% during the 4th quarter. US Bancorp DE now owns 13,406 shares of the company’s stock worth $268,000 after buying an additional 1,977 shares during the last quarter. Principal Financial Group Inc. increased its holdings 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 purchasing an additional 25,573 shares in the last quarter. State of Alaska Department of Revenue grew its position in DXC Technology by 86.9% in the fourth quarter. State of Alaska Department of Revenue now owns 192,880 shares of the company’s stock valued at $3,853,000 after acquiring an additional 89,698 shares in the last quarter. Victory Capital Management Inc. increased its stake 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 buying an additional 16,850 shares during the period. Finally, Barclays PLC lifted its stake in shares of DXC Technology by 273.6% in the third quarter. Barclays PLC now owns 85,831 shares of the company’s stock worth $1,781,000 after acquiring an additional 62,857 shares in the last quarter. Institutional investors and hedge funds own 96.20% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Morgan Stanley boosted their target price 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 equities research analyst has rated the stock with a sell rating and six have issued a hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $21.29.

DXC Technology Price Performance

NYSE DXC opened at $17.55 on Thursday. The company has a 50 day simple moving average of $19.78 and a 200-day simple moving average of $20.56. The firm has a market capitalization of $3.18 billion, a price-to-earnings ratio of -41.79, a price-to-earnings-growth ratio of 1.16 and a beta of 1.62. DXC Technology has a 52-week low of $14.79 and a 52-week high of $24.83. The company has a debt-to-equity ratio of 1.12, a current ratio of 1.34 and a quick ratio of 1.34.

DXC Technology (NYSE:DXC) last issued its quarterly earnings results on Tuesday, February 4th. The company reported $0.92 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.69 by $0.23. DXC Technology had a positive return on equity of 20.70% and a negative net margin of 0.57%. Equities research analysts predict that DXC Technology will post 3.35 earnings per share for the current fiscal year.

DXC Technology Company 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).