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

Paragon Capital Management Inc. lowered its position in DXC Technology Company. (NYSE:DXC - Free Report) by 19.6% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 79,511 shares of the company's stock after selling 19,438 shares during the period. 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 (SEC).

Other large investors also recently bought and sold shares of the company. Robeco Institutional Asset Management B.V. boosted its stake in shares of DXC Technology by 4.7% during the first quarter. Robeco Institutional Asset Management B.V. now owns 367,646 shares of the company's stock valued at $6,268,000 after purchasing an additional 16,469 shares in the last quarter. Wealthquest Corp purchased a new position in DXC Technology during the 1st quarter worth approximately $49,000. Janney Montgomery Scott LLC lifted its holdings in shares of DXC Technology by 15.1% in the 1st quarter. Janney Montgomery Scott LLC now owns 20,767 shares of the company's stock valued at $354,000 after buying an additional 2,724 shares during the period. RHS Financial LLC purchased a new stake in DXC Technology during the first quarter worth $214,000. Finally, Exchange Traded Concepts LLC increased its position in shares of DXC Technology by 15.0% in the first quarter. Exchange Traded Concepts LLC now owns 56,029 shares of the company's stock valued at $955,000 after buying an additional 7,296 shares in the last quarter. Hedge funds and other institutional investors own 96.20% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the company. Susquehanna reduced their price objective on DXC Technology from $23.00 to $16.00 and set a "neutral" rating on the stock in a research report on Wednesday, April 23rd. Royal Bank Of Canada reduced their price objective on DXC Technology from $27.00 to $18.00 and set a "sector perform" rating on the stock in a research note on Thursday, May 15th. JPMorgan Chase & Co. cut 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, May 21st. Morgan Stanley lowered their target price on shares of 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. Finally, Guggenheim reissued 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, five have assigned a hold rating and one has given a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $17.00.

DXC Technology Price Performance

NYSE DXC opened at $15.22 on Friday. The company's 50 day simple moving average is $15.39 and its 200 day simple moving average is $17.78. DXC Technology Company. has a 12 month low of $13.44 and a 12 month high of $24.83. The firm has a market capitalization of $2.76 billion, a PE ratio of 7.22, a P/E/G ratio of 3.95 and a beta of 1.22. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.22 and a quick ratio of 1.22.

DXC Technology (NYSE:DXC - Get Free Report) last issued its 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 business had revenue of $3.17 billion during the quarter, compared to analysts' expectations of $3.13 billion. DXC Technology had a return on equity of 19.36% and a net margin of 3.02%. DXC Technology's revenue was down 6.4% compared to the same quarter last year. During the same quarter last year, the firm posted $0.97 earnings per share. As a group, equities research analysts forecast that DXC Technology Company. will post 3.35 EPS for the current fiscal 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).

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