Gotham Asset Management LLC Has $3.42 Million Stake in DXC Technology (NYSE:DXC)

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

Other institutional investors and hedge funds also recently modified their holdings of the company. Graham Capital Management L.P. grew its position in shares of DXC Technology by 487.4% in the fourth quarter. Graham Capital Management L.P. now owns 74,137 shares of the company's stock valued at $1,481,000 after purchasing an additional 61,516 shares during the last quarter. Deutsche Bank AG lifted its position in DXC Technology by 99.3% during the 4th quarter. Deutsche Bank AG now owns 1,173,407 shares of the company's stock worth $23,445,000 after buying an additional 584,678 shares in the last quarter. Corton Capital Inc. acquired a new position in shares of DXC Technology during the 4th quarter worth about $278,000. Captrust Financial Advisors grew its stake in DXC Technology by 27.4% in the 4th quarter. Captrust Financial Advisors now owns 19,911 shares of the company's stock valued at $398,000 after buying an additional 4,279 shares during the last quarter. Finally, BNP Paribas Financial Markets lifted its holdings in shares of DXC Technology by 83.2% during the 4th quarter. BNP Paribas Financial Markets now owns 23,464 shares of the company's stock worth $469,000 after acquiring an additional 10,657 shares during the period. Institutional investors and hedge funds own 96.20% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on DXC. BMO Capital Markets decreased their price objective on shares of DXC Technology from $26.00 to $17.00 and set a "market perform" rating for the company in a research report on Thursday. Susquehanna reduced their price objective on shares of DXC Technology from $23.00 to $16.00 and set a "neutral" rating for the company in a research note on Wednesday, April 23rd. Royal Bank of Canada cut their price target on shares of DXC Technology from $27.00 to $18.00 and set a "sector perform" rating for the company in a research note on Thursday. Guggenheim reiterated a "neutral" rating on shares of DXC Technology in a report on Monday, May 12th. Finally, Morgan Stanley decreased their price objective on shares of DXC Technology from $22.00 to $16.00 and set an "equal weight" rating for the company in a report on Thursday. One research analyst has rated the stock with a sell rating and six have given a hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $17.83.

DXC Technology Trading Down 4.8%

Shares of DXC traded down $0.77 during mid-day trading on Friday, reaching $15.26. The stock had a trading volume of 2,859,203 shares, compared to its average volume of 1,697,718. 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 $2.76 billion, a price-to-earnings ratio of -36.32, a P/E/G ratio of 1.16 and a beta of 1.18. The business's fifty day moving average is $15.90 and its 200 day moving average is $19.06. DXC Technology has a 52-week low of $13.44 and a 52-week high of $24.83.

DXC Technology (NYSE:DXC - Get Free Report) last announced its earnings results on Wednesday, May 14th. The company reported $0.84 earnings per share (EPS) for the quarter, topping 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 analyst estimates of $3.13 billion. During the same period last year, the firm posted $0.97 earnings per share. The company's revenue for the quarter was down 6.4% compared to the same quarter last year. On average, sell-side analysts predict that DXC Technology will post 3.35 EPS 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).