Wealth Enhancement Advisory Services LLC Has $227,000 Stock Holdings in DXC Technology Company. (NYSE:DXC)

Wealth Enhancement Advisory Services LLC decreased its stake in shares of DXC Technology Company. (NYSE:DXC - Free Report) by 60.5% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 13,295 shares of the company's stock after selling 20,327 shares during the period. Wealth Enhancement Advisory Services LLC's holdings in DXC Technology were worth $227,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. NorthCrest Asset Manangement LLC bought a new stake in DXC Technology during the first quarter worth approximately $560,000. CX Institutional increased its position in shares of DXC Technology by 277,642.3% during the 1st quarter. CX Institutional now owns 144,426 shares of the company's stock valued at $2,462,000 after purchasing an additional 144,374 shares during the period. Assenagon Asset Management S.A. raised its stake in shares of DXC Technology by 44.9% in the 1st quarter. Assenagon Asset Management S.A. now owns 970,166 shares of the company's stock worth $16,541,000 after buying an additional 300,590 shares in the last quarter. GAMMA Investing LLC raised its stake 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 worth $77,000 after buying an additional 1,226 shares in the last quarter. Finally, CHICAGO TRUST Co NA acquired a new stake in shares of DXC Technology in the first quarter valued at $183,000. 96.20% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the company. Wall Street Zen lowered DXC Technology from a "buy" rating to a "hold" rating in a report on Saturday. Susquehanna lowered their price objective on shares of DXC Technology from $23.00 to $16.00 and set a "neutral" rating on the stock in a research note on Wednesday, April 23rd. Morgan Stanley lowered their price objective on shares of DXC Technology from $22.00 to $16.00 and set an "equal weight" rating on the stock in a research note on Thursday, May 15th. JPMorgan Chase & Co. lowered their price objective on shares of DXC Technology from $22.00 to $18.00 and set an "underweight" rating on the stock in a research note on Wednesday, May 21st. Finally, BMO Capital Markets lowered their price objective on shares of DXC Technology from $26.00 to $17.00 and set a "market perform" rating on the stock in a research note on Thursday, May 15th. One equities research analyst has rated the stock with a sell rating and six have issued a hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $17.00.

DXC Technology Trading Down 5.4%

Shares of DXC traded down $0.81 during midday trading on Friday, hitting $14.30. The stock had a trading volume of 1,810,519 shares, compared to its average volume of 1,499,091. DXC Technology Company. has a fifty-two week low of $13.44 and a fifty-two week high of $24.83. The business has a 50-day simple moving average of $15.47 and a two-hundred day simple moving average of $17.33. The firm has a market cap of $2.59 billion, a P/E ratio of 6.78, a price-to-earnings-growth ratio of 3.77 and a beta of 1.20. The company has a current ratio of 1.22, a quick ratio of 1.22 and a debt-to-equity ratio of 0.86.

DXC Technology (NYSE:DXC - Get Free Report) last announced 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. DXC Technology had a net margin of 3.02% and a return on equity of 19.36%. 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 company posted $0.97 earnings per share. The business's revenue for the quarter was down 6.4% on a year-over-year basis. As a group, equities analysts forecast 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).