JPMorgan Chase & Co. Decreases Position in DXC Technology (NYSE:DXC)

JPMorgan Chase & Co. trimmed its holdings in shares of DXC Technology (NYSE:DXC - Free Report) by 37.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 515,098 shares of the company's stock after selling 308,093 shares during the quarter. JPMorgan Chase & Co. owned 0.28% of DXC Technology worth $10,292,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Newbridge Financial Services Group Inc. increased its stake in DXC Technology by 116.1% during the fourth quarter. Newbridge Financial Services Group Inc. now owns 1,675 shares of the company's stock worth $33,000 after acquiring an additional 900 shares during the last quarter. Smartleaf Asset Management LLC boosted its holdings in shares of DXC Technology by 366.4% in the 4th quarter. Smartleaf Asset Management LLC now owns 2,999 shares of the company's stock worth $60,000 after purchasing an additional 2,356 shares during the period. Brown Lisle Cummings Inc. increased 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 purchasing an additional 1,200 shares during the last quarter. Matrix Trust Co raised its holdings in DXC Technology by 347.2% during the 4th quarter. Matrix Trust Co now owns 9,343 shares of the company's stock valued at $187,000 after buying an additional 7,254 shares during the period. Finally, Xponance Inc. bought a new stake in DXC Technology in the fourth quarter worth $213,000. 96.20% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Separately, Morgan Stanley raised their target price on shares of DXC Technology from $20.00 to $22.00 and gave the stock an "equal weight" rating in a report on Friday, January 31st. One investment analyst has rated the stock with a sell rating and six have assigned a hold rating to the company. According to MarketBeat.com, DXC Technology currently has an average rating of "Hold" and a consensus target price of $21.29.

DXC Technology Trading Down 1.9 %

Shares of NYSE DXC traded down $0.29 during mid-day trading on Friday, reaching $14.36. The company had a trading volume of 1,230,711 shares, compared to its average volume of 1,763,237. The stock has a market cap of $2.60 billion, a price-to-earnings ratio of -34.18, a price-to-earnings-growth ratio of 1.16 and a beta of 1.37. DXC Technology has a 52 week low of $13.44 and a 52 week high of $24.83. The business's 50-day moving average is $17.28 and its 200-day moving average is $19.73. The company has a current ratio of 1.34, a quick ratio of 1.34 and a debt-to-equity ratio of 1.12.

DXC Technology (NYSE:DXC - Get Free Report) last issued its earnings results on Tuesday, February 4th. The company reported $0.92 EPS for the quarter, topping analysts' consensus estimates 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%. Equities analysts expect that DXC Technology will post 3.35 earnings per share 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).