DXC Technology (NYSE:DXC) Shares Sold by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. trimmed its stake in shares of DXC Technology (NYSE:DXC - Free Report) by 29.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 48,440 shares of the company's stock after selling 19,906 shares during the period. Envestnet Asset Management Inc.'s holdings in DXC Technology were worth $968,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently bought and sold shares of DXC. US Bancorp DE grew its holdings in DXC Technology by 17.3% in the fourth quarter. US Bancorp DE now owns 13,406 shares of the company's stock valued at $268,000 after purchasing an additional 1,977 shares during the period. Principal Financial Group Inc. grew its stake in DXC Technology by 3.0% in the 4th quarter. Principal Financial Group Inc. now owns 877,399 shares of the company's stock valued at $17,530,000 after acquiring an additional 25,573 shares during the period. Royce & Associates LP increased its holdings in DXC Technology by 35.7% in the 4th quarter. Royce & Associates LP now owns 124,813 shares of the company's stock worth $2,494,000 after acquiring an additional 32,842 shares in the last quarter. State of Alaska Department of Revenue raised its position in DXC Technology by 86.9% during the fourth quarter. State of Alaska Department of Revenue now owns 192,880 shares of the company's stock worth $3,853,000 after acquiring an additional 89,698 shares during the period. Finally, Victory Capital Management Inc. lifted its holdings in DXC Technology by 22.4% during the fourth quarter. Victory Capital Management Inc. now owns 91,980 shares of the company's stock valued at $1,838,000 after purchasing an additional 16,850 shares in the last quarter. 96.20% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

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

DXC Technology Trading Up 2.4 %

Shares of DXC traded up $0.37 during midday trading on Friday, reaching $16.06. The company had a trading volume of 815,858 shares, compared to its average volume of 1,750,423. DXC Technology has a 1-year low of $13.44 and a 1-year high of $24.83. The company has a quick ratio of 1.34, a current ratio of 1.34 and a debt-to-equity ratio of 1.12. The firm has a 50 day simple moving average of $16.33 and a 200-day simple moving average of $19.36. The stock has a market cap of $2.91 billion, a PE ratio of -38.24, a price-to-earnings-growth ratio of 1.16 and a beta of 1.18.

DXC Technology (NYSE:DXC - Get Free Report) last posted its earnings results on Tuesday, February 4th. The company reported $0.92 earnings per share for the quarter, beating 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%. Research analysts forecast that DXC Technology will post 3.35 EPS for the current fiscal 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).