Paragon Capital Management Inc. Sells 19,438 Shares of DXC Technology Company. (NYSE:DXC)

Paragon Capital Management Inc. trimmed its stake in shares of DXC Technology Company. (NYSE:DXC - Free Report) by 19.6% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 79,511 shares of the company's stock after selling 19,438 shares during the quarter. Paragon Capital Management Inc.'s holdings in DXC Technology were worth $1,356,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Handelsbanken Fonder AB grew its holdings in DXC Technology by 8.0% in the 4th quarter. Handelsbanken Fonder AB now owns 45,900 shares of the company's stock worth $917,000 after buying an additional 3,400 shares in the last quarter. Illinois Municipal Retirement Fund lifted its holdings in DXC Technology by 9.4% in the fourth quarter. Illinois Municipal Retirement Fund now owns 100,943 shares of the company's stock worth $2,017,000 after purchasing an additional 8,677 shares during the period. Proficio Capital Partners LLC bought a new stake in DXC Technology in the fourth quarter worth about $659,000. Argyle Capital Management LLC raised its holdings in shares of DXC Technology by 31.7% in the 4th quarter. Argyle Capital Management LLC now owns 44,067 shares of the company's stock worth $880,000 after purchasing an additional 10,619 shares in the last quarter. Finally, US Bancorp DE boosted its stake in shares of DXC Technology by 17.3% during the 4th quarter. US Bancorp DE now owns 13,406 shares of the company's stock worth $268,000 after acquiring an additional 1,977 shares in the last quarter. Institutional investors and hedge funds own 96.20% of the company's stock.

Analyst Ratings Changes

A number of analysts have weighed in on the company. Wall Street Zen raised DXC Technology from a "hold" rating to a "buy" rating in a research report on Saturday, June 21st. Morgan Stanley cut 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 research report on Thursday, May 15th. Royal Bank Of Canada decreased their target price on DXC Technology from $27.00 to $18.00 and set a "sector perform" rating on the stock in a research report on Thursday, May 15th. BMO Capital Markets lowered their price objective on 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. Finally, JPMorgan Chase & Co. cut their target price on DXC Technology from $22.00 to $18.00 and set an "underweight" rating for the company in a research note on Wednesday, May 21st. One equities 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. Based on data from MarketBeat, the company presently has an average rating of "Hold" and an average price target of $17.00.

DXC Technology Price Performance

Shares of DXC traded up $0.26 during mid-day trading on Monday, reaching $15.29. The company had a trading volume of 1,659,579 shares, compared to its average volume of 1,473,945. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.22 and a quick ratio of 1.22. The company has a market capitalization of $2.77 billion, a P/E ratio of 7.25, a P/E/G ratio of 3.96 and a beta of 1.22. DXC Technology Company. has a twelve month low of $13.44 and a twelve month high of $24.83. The company's 50-day moving average is $15.40 and its 200-day moving average is $17.68.

DXC Technology (NYSE:DXC - Get Free Report) last issued its quarterly earnings data on Wednesday, May 14th. The company reported $0.84 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.76 by $0.08. DXC Technology had a return on equity of 19.36% and a net margin of 3.02%. The company had revenue of $3.17 billion during the quarter, compared to analysts' expectations of $3.13 billion. During the same period last year, the business earned $0.97 earnings per share. The business's revenue was down 6.4% on a year-over-year basis. On average, equities analysts anticipate that DXC Technology Company. will post 3.35 EPS for the current year.

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).