Gotham Asset Management LLC Sells 33,217 Shares of DXC Technology (NYSE:DXC)

Gotham Asset Management LLC lowered its position in shares of DXC Technology (NYSE:DXC - Free Report) by 16.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 171,299 shares of the company's stock after selling 33,217 shares during the quarter. Gotham Asset Management LLC owned about 0.09% of DXC Technology worth $3,423,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in the business. Treasurer of the State of North Carolina increased its holdings in DXC Technology by 0.6% in the fourth quarter. Treasurer of the State of North Carolina now owns 78,639 shares of the company's stock worth $1,571,000 after purchasing an additional 490 shares in the last quarter. Arizona State Retirement System lifted its position in shares of DXC Technology by 1.1% during the 4th quarter. Arizona State Retirement System now owns 52,475 shares of the company's stock valued at $1,048,000 after acquiring an additional 566 shares during the period. Highland Capital Management LLC grew its holdings in DXC Technology by 6.6% in the fourth quarter. Highland Capital Management LLC now owns 11,850 shares of the company's stock worth $237,000 after purchasing an additional 731 shares during the period. Corient Private Wealth LLC raised its holdings in shares of DXC Technology by 2.3% during the fourth quarter. Corient Private Wealth LLC now owns 32,796 shares of the company's stock valued at $655,000 after purchasing an additional 740 shares during the period. Finally, Newbridge Financial Services Group Inc. boosted its holdings in DXC Technology by 116.1% in 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 in the last quarter. 96.20% of the stock is owned by institutional investors.

DXC Technology Stock Performance

Shares of DXC traded up $0.14 during trading hours on Tuesday, hitting $15.43. The company's stock had a trading volume of 340,846 shares, compared to its average volume of 1,694,288. The business has a 50 day simple moving average of $15.87 and a two-hundred day simple moving average of $19.02. DXC Technology has a 52-week low of $13.44 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. The company has a market cap of $2.79 billion, a price-to-earnings ratio of -36.75, a PEG ratio of 1.16 and a beta of 1.18.

DXC Technology (NYSE:DXC - Get Free Report) last issued its earnings results on Wednesday, May 14th. The company reported $0.84 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.76 by $0.08. DXC Technology had a negative net margin of 0.57% and a positive return on equity of 20.70%. The business had revenue of $3.17 billion for the quarter, compared to analysts' expectations of $3.13 billion. During the same quarter in the previous year, the firm posted $0.97 EPS. The business's revenue for the quarter was down 6.4% compared to the same quarter last year. On average, equities analysts expect that DXC Technology will post 3.35 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

DXC has been the subject of a number of analyst reports. Morgan Stanley lowered their price target on DXC Technology from $22.00 to $16.00 and set an "equal weight" rating for the company in a research report on Thursday, May 15th. Guggenheim reaffirmed a "neutral" rating on shares of DXC Technology in a research report on Monday, May 12th. Royal Bank of Canada decreased their price target on DXC Technology from $27.00 to $18.00 and set a "sector perform" rating for the company in a research report on Thursday, May 15th. BMO Capital Markets decreased their target price on DXC Technology from $26.00 to $17.00 and set a "market perform" rating for the company in a research report on Thursday, May 15th. Finally, Susquehanna decreased their price objective on shares of DXC Technology from $23.00 to $16.00 and set a "neutral" rating for the company in a report on Wednesday, April 23rd. One investment analyst has rated the stock with a sell rating and six have given a hold rating to the company. According to data from MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $17.83.

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).