Clark Estates Inc. NY Sells 30,807 Shares of DXC Technology Company. (NYSE:DXC)

Clark Estates Inc. NY reduced its position in DXC Technology Company. (NYSE:DXC - Free Report) by 27.6% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 80,683 shares of the company's stock after selling 30,807 shares during the quarter. Clark Estates Inc. NY's holdings in DXC Technology were worth $1,376,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Byrne Asset Management LLC purchased a new position in shares of DXC Technology during the 1st quarter valued at $33,000. Wealthquest Corp bought a new position in DXC Technology in the 1st quarter worth about $49,000. Meeder Asset Management Inc. purchased a new stake in shares of DXC Technology in the 4th quarter valued at about $55,000. GAMMA Investing LLC raised its holdings in shares of DXC Technology by 37.4% in the 1st quarter. GAMMA Investing LLC now owns 4,507 shares of the company's stock valued at $77,000 after acquiring an additional 1,226 shares in the last quarter. Finally, Quarry LP grew its holdings in shares of DXC Technology by 604.1% during the fourth quarter. Quarry LP now owns 3,978 shares of the company's stock worth $79,000 after purchasing an additional 3,413 shares in the last quarter. Institutional investors own 96.20% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the stock. Morgan Stanley lowered their target price on shares of DXC Technology from $16.00 to $15.00 and set an "equal weight" rating on the stock in a research note on Friday. JPMorgan Chase & Co. cut their price objective on DXC Technology from $22.00 to $18.00 and set an "underweight" rating for the company in a report on Wednesday, May 21st. Wall Street Zen raised DXC Technology from a "hold" rating to a "buy" rating in a report on Sunday, July 20th. Royal Bank Of Canada dropped their target price on DXC Technology from $18.00 to $16.00 and set a "sector perform" rating for the company in a research report on Friday. Finally, Susquehanna reduced their price target on shares of DXC Technology from $23.00 to $16.00 and set a "neutral" rating on the stock in a research report on Wednesday, April 23rd. One research analyst has rated the stock with a sell rating, five have issued a hold rating and one has issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $16.40.

DXC Technology Trading Down 5.4%

Shares of DXC Technology stock traded down $0.74 on Friday, hitting $12.87. The stock had a trading volume of 5,093,415 shares, compared to its average volume of 1,673,858. The company has a quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 0.86. DXC Technology Company. has a one year low of $12.24 and a one year high of $24.83. The stock's 50-day simple moving average is $15.02 and its two-hundred day simple moving average is $16.74. The stock has a market cap of $2.33 billion, a price-to-earnings ratio of 6.25 and a beta of 1.18.

DXC Technology (NYSE:DXC - Get Free Report) last announced its quarterly earnings results on Thursday, July 31st. The company reported $0.68 earnings per share for the quarter, beating the consensus estimate of $0.64 by $0.04. DXC Technology had a net margin of 2.96% and a return on equity of 18.73%. The business had revenue of $3.16 billion during the quarter, compared to analysts' expectations of $3.06 billion. During the same quarter in the prior year, the company posted $0.74 EPS. The firm's revenue for the quarter was down 2.4% compared to the same quarter last year. As a group, sell-side analysts predict that DXC Technology Company. will post 3.35 EPS for the current 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).