DXC Technology (NYSE:DXC) Shares Sold by Ethic Inc.

Ethic Inc. lowered its holdings in shares of DXC Technology (NYSE:DXC - Free Report) by 71.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 10,183 shares of the company's stock after selling 24,956 shares during the period. Ethic Inc.'s holdings in DXC Technology were worth $203,000 at the end of the most recent reporting period.

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

DXC Technology Trading Down 3.3%

Shares of DXC traded down $0.51 during trading hours on Wednesday, hitting $14.77. The stock had a trading volume of 1,699,896 shares, compared to its average volume of 1,686,837. DXC Technology has a 12-month low of $13.44 and a 12-month high of $24.83. The firm has a market cap of $2.67 billion, a P/E ratio of -35.17, a P/E/G ratio of 1.16 and a beta of 1.18. The company has a debt-to-equity ratio of 1.12, a quick ratio of 1.34 and a current ratio of 1.34. The company's fifty day simple moving average is $15.84 and its 200 day simple moving average is $18.99.

DXC Technology (NYSE:DXC - Get Free Report) last announced its quarterly earnings results on Wednesday, May 14th. The company reported $0.84 EPS for the quarter, topping the consensus estimate of $0.76 by $0.08. The company had revenue of $3.17 billion during the quarter, compared to analyst estimates of $3.13 billion. DXC Technology had a positive return on equity of 20.70% and a negative net margin of 0.57%. The firm's revenue was down 6.4% on a year-over-year basis. During the same period in the prior year, the firm posted $0.97 earnings per share. Equities research analysts forecast that DXC Technology will post 3.35 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts have weighed in on DXC shares. Susquehanna cut their price target on DXC Technology from $23.00 to $16.00 and set a "neutral" rating for the company in a report on Wednesday, April 23rd. Royal Bank of Canada lowered their price objective 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. Morgan Stanley reduced their target price on DXC Technology from $22.00 to $16.00 and set an "equal weight" rating on the stock in a research report on Thursday, May 15th. JPMorgan Chase & Co. decreased their price target on DXC Technology from $22.00 to $18.00 and set an "underweight" rating on the stock in a research note on Wednesday. Finally, Guggenheim restated a "neutral" rating on shares of DXC Technology in a report on Monday, May 12th. One analyst has rated the stock with a sell rating and six have issued a hold rating to the company's stock. According to MarketBeat.com, DXC Technology presently has an average rating of "Hold" and an average price target of $17.17.

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).