DXC Technology (NYSE:DXC) Holdings Cut by Marshall Wace LLP

Marshall Wace LLP decreased its stake in DXC Technology (NYSE:DXC - Free Report) by 82.4% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 51,817 shares of the company's stock after selling 242,843 shares during the quarter. Marshall Wace LLP's holdings in DXC Technology were worth $1,035,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. US Bancorp DE lifted its position in DXC Technology by 17.3% in 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 in the last quarter. Sterling Capital Management LLC raised its holdings in shares of DXC Technology by 55.4% during the 4th quarter. Sterling Capital Management LLC now owns 10,748 shares of the company's stock valued at $215,000 after purchasing an additional 3,833 shares in the last quarter. Principal Financial Group Inc. raised its holdings in shares of DXC Technology by 3.0% during 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. Royce & Associates LP raised its holdings in shares of DXC Technology by 35.7% during the 4th quarter. Royce & Associates LP now owns 124,813 shares of the company's stock valued at $2,494,000 after purchasing an additional 32,842 shares in the last quarter. Finally, State of Alaska Department of Revenue raised its holdings in shares of DXC Technology by 86.9% during the 4th quarter. State of Alaska Department of Revenue now owns 192,880 shares of the company's stock valued at $3,853,000 after purchasing an additional 89,698 shares in the last quarter. Hedge funds and other institutional investors own 96.20% of the company's stock.

DXC Technology Price Performance

NYSE DXC opened at $15.72 on Wednesday. DXC Technology has a twelve month low of $13.44 and a twelve month 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 $2.85 billion, a PE ratio of -37.43, a P/E/G ratio of 1.16 and a beta of 1.37. The stock has a 50-day simple moving average of $16.53 and a 200 day simple moving average of $19.47.

DXC Technology (NYSE:DXC - Get Free Report) last posted its quarterly earnings data 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 positive return on equity of 20.70% and a negative net margin of 0.57%. Research analysts anticipate that DXC Technology will post 3.35 EPS for the current year.

Analyst Ratings Changes

A number of research firms have recently weighed in on DXC. Susquehanna cut their price target on shares of DXC Technology from $23.00 to $16.00 and set a "neutral" rating on the stock in a report on Wednesday, April 23rd. Morgan Stanley raised their price target on shares of DXC Technology from $20.00 to $22.00 and gave the company an "equal weight" rating in a report on Friday, January 31st. One equities research analyst has rated the stock with a sell rating and six have given a hold rating to the stock. According to data from MarketBeat.com, DXC Technology currently has a consensus rating of "Hold" and a consensus target price of $20.29.

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).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.