Cwm LLC Sells 20,904 Shares of DXC Technology Company. (NYSE:DXC)

Key Points

• Cwm LLC has significantly reduced its stake in DXC Technology by 83.1%, now holding just 4,246 shares valued at approximately $72,000.
• DXC Technology's stock price has declined by 5.4%, trading at $12.87 as of the latest report, amid mixed ratings from analysts.
• The company reported Q2 earnings of $0.68 per share, which exceeded expectations, but with a 2.4% drop in revenue compared to the previous year.

CWM LLC reduced its holdings in DXC Technology Company. (NYSE:DXC - Free Report) by 83.1% in the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 4,246 shares of the company's stock after selling 20,904 shares during the quarter. CWM LLC's holdings in DXC Technology were worth $72,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Byrne Asset Management LLC acquired a new stake in DXC Technology in the first quarter worth $33,000. Wealthquest Corp bought a new position in shares of DXC Technology in the first quarter valued at $49,000. Quarry LP lifted its stake in shares of DXC Technology by 604.1% in the fourth quarter. Quarry LP now owns 3,978 shares of the company's stock valued at $79,000 after buying an additional 3,413 shares in the last quarter. GAMMA Investing LLC lifted its stake in shares of DXC Technology by 37.4% in the first quarter. GAMMA Investing LLC now owns 4,507 shares of the company's stock valued at $77,000 after buying an additional 1,226 shares in the last quarter. Finally, Trajan Wealth LLC bought a new position in shares of DXC Technology in the fourth quarter valued at $206,000. 96.20% of the stock is currently owned by institutional investors and hedge funds.

DXC Technology Price Performance

DXC Technology stock traded up $0.07 during mid-day trading on Wednesday, hitting $13.30. 967,940 shares of the company traded hands, compared to its average volume of 1,761,793. The stock has a market cap of $2.38 billion, a price-to-earnings ratio of 6.45 and a beta of 1.18. The company has a debt-to-equity ratio of 0.90, a quick ratio of 1.22 and a current ratio of 1.22. DXC Technology Company. has a one year low of $12.24 and a one year high of $24.83. The stock has a fifty day moving average price of $14.95 and a 200-day moving average price of $16.61.

DXC Technology (NYSE:DXC - Get Free Report) last announced its quarterly earnings data on Thursday, July 31st. The company reported $0.68 earnings per share for the quarter, topping analysts' consensus estimates of $0.64 by $0.04. DXC Technology had a net margin of 2.96% and a return on equity of 18.59%. The firm had revenue of $3.16 billion during the quarter, compared to analyst estimates of $3.06 billion. During the same period in the previous year, the business posted $0.74 EPS. The business's quarterly revenue was down 2.4% on a year-over-year basis. On average, equities analysts predict that DXC Technology Company. will post 3.35 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

DXC has been the topic of a number of recent research reports. Susquehanna dropped their price objective on shares of DXC Technology from $23.00 to $16.00 and set a "neutral" rating on the stock in a research note on Wednesday, April 23rd. JPMorgan Chase & Co. dropped their price target on shares of DXC Technology from $22.00 to $18.00 and set an "underweight" rating on the stock in a research report on Wednesday, May 21st. BMO Capital Markets dropped their price target on shares of DXC Technology from $26.00 to $17.00 and set a "market perform" rating on the stock in a research report on Thursday, May 15th. Royal Bank Of Canada dropped their price target on shares of DXC Technology from $18.00 to $16.00 and set a "sector perform" rating on the stock in a research report on Friday, August 1st. Finally, Guggenheim restated a "neutral" rating on shares of DXC Technology in a report on Monday, May 12th. One research analyst has rated the stock with a sell rating, five have given a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $16.40.

About DXC Technology

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).