DXC Technology (NYSE:DXC) Shares Sold by Hillsdale Investment Management Inc.

Hillsdale Investment Management Inc. trimmed its holdings in DXC Technology (NYSE:DXC) by 2.5% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 35,000 shares of the company’s stock after selling 900 shares during the period. Hillsdale Investment Management Inc.’s holdings in DXC Technology were worth $699,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also modified their holdings of the business. American Century Companies Inc. raised its position in shares of DXC Technology by 18.5% in the fourth quarter. American Century Companies Inc. now owns 5,816,970 shares of the company’s stock valued at $116,223,000 after buying an additional 907,004 shares during the last quarter. Charles Schwab Investment Management Inc. increased its position in DXC Technology by 3.5% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,930,963 shares of the company’s stock worth $38,581,000 after purchasing an additional 64,867 shares during the last quarter. Principal Financial Group Inc. increased its position in DXC Technology by 3.0% during the fourth quarter. Principal Financial Group Inc. now owns 877,399 shares of the company’s stock worth $17,530,000 after purchasing an additional 25,573 shares during the last quarter. JPMorgan Chase & Co. increased its position in DXC Technology by 1.3% during the third quarter. JPMorgan Chase & Co. now owns 823,191 shares of the company’s stock worth $17,081,000 after purchasing an additional 10,922 shares during the last quarter. Finally, Assenagon Asset Management S.A. increased its position in DXC Technology by 4,893.5% during the fourth quarter. Assenagon Asset Management S.A. now owns 669,576 shares of the company’s stock worth $13,378,000 after purchasing an additional 656,167 shares during the last quarter. 96.20% of the stock is currently owned by institutional investors and hedge funds.

DXC Technology Trading Down 4.0 %

Shares of DXC stock opened at $16.47 on Monday. The company has a debt-to-equity ratio of 1.12, a current ratio of 1.34 and a quick ratio of 1.34. The firm has a market cap of $2.98 billion, a PE ratio of -39.21, a price-to-earnings-growth ratio of 1.16 and a beta of 1.62. The company has a 50-day moving average of $19.66 and a two-hundred day moving average of $20.50. DXC Technology has a 1-year low of $14.79 and a 1-year high of $24.83.

DXC Technology (NYSE:DXC) last announced its earnings results on Tuesday, February 4th. The company reported $0.92 earnings per share for the quarter, topping 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%. On average, analysts predict that DXC Technology will post 3.35 EPS for the current year.

Wall Street Analysts Forecast Growth

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

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).