Squarepoint Ops LLC Sells 119,607 Shares of DXC Technology (NYSE:DXC)

Squarepoint Ops LLC lowered its position in DXC Technology (NYSE:DXC - Free Report) by 75.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 38,988 shares of the company's stock after selling 119,607 shares during the quarter. Squarepoint Ops LLC's holdings in DXC Technology were worth $779,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the business. Newbridge Financial Services Group Inc. boosted its holdings in shares of DXC Technology by 116.1% in the 4th quarter. Newbridge Financial Services Group Inc. now owns 1,675 shares of the company's stock worth $33,000 after purchasing an additional 900 shares in the last quarter. Meeder Asset Management Inc. purchased a new stake in DXC Technology in the fourth quarter worth approximately $55,000. Smartleaf Asset Management LLC raised its stake in shares of DXC Technology by 366.4% during the fourth quarter. Smartleaf Asset Management LLC now owns 2,999 shares of the company's stock worth $60,000 after acquiring an additional 2,356 shares in the last quarter. Brown Lisle Cummings Inc. lifted its holdings in shares of DXC Technology by 60.0% in the 4th quarter. Brown Lisle Cummings Inc. now owns 3,200 shares of the company's stock worth $64,000 after acquiring an additional 1,200 shares during the last quarter. Finally, Quarry LP grew its holdings in shares of DXC Technology by 604.1% during the 4th quarter. Quarry LP now owns 3,978 shares of the company's stock valued at $79,000 after purchasing an additional 3,413 shares during the last quarter. 96.20% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several analysts have weighed in on the stock. Susquehanna lowered their price target on shares of DXC Technology from $23.00 to $16.00 and set a "neutral" rating for the company in a research note on Wednesday, April 23rd. JPMorgan Chase & Co. decreased their price objective on DXC Technology from $22.00 to $18.00 and set an "underweight" rating on the stock in a report on Wednesday, May 21st. Morgan Stanley dropped their target price on DXC Technology from $22.00 to $16.00 and set an "equal weight" rating for the company in a report on Thursday, May 15th. Royal Bank of Canada reduced their price target 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. Finally, Guggenheim reiterated a "neutral" rating on shares of DXC Technology in a research report on Monday, May 12th. One equities research analyst has rated the stock with a sell rating and six have assigned a hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $17.00.

DXC Technology Price Performance

Shares of DXC stock traded up $0.05 during trading hours on Thursday, hitting $15.50. The stock had a trading volume of 575,655 shares, compared to its average volume of 1,636,793. The stock's 50-day moving average price is $15.37 and its two-hundred day moving average price is $18.51. DXC Technology has a one year low of $13.44 and a one year high of $24.83. The stock has a market capitalization of $2.81 billion, a price-to-earnings ratio of -36.89, a PEG ratio of 1.16 and a beta of 1.18. The company has a debt-to-equity ratio of 1.12, a current ratio of 1.34 and a quick ratio of 1.34.

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