Jacobs Levy Equity Management Inc. lessened its stake in shares of DXC Technology (NYSE:DXC - Free Report) by 40.4% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 428,157 shares of the company's stock after selling 289,805 shares during the period. Jacobs Levy Equity Management Inc. owned approximately 0.24% of DXC Technology worth $8,555,000 at the end of the most recent reporting period.
Other large investors also recently bought and sold shares of the company. US Bancorp DE lifted its stake in shares of DXC Technology by 17.3% during the fourth quarter. US Bancorp DE now owns 13,406 shares of the company's stock worth $268,000 after buying an additional 1,977 shares during the period. Sterling Capital Management LLC raised its stake in DXC Technology by 55.4% in the 4th quarter. Sterling Capital Management LLC now owns 10,748 shares of the company's stock worth $215,000 after acquiring an additional 3,833 shares during the last quarter. Principal Financial Group Inc. lifted its position in DXC Technology by 3.0% during the 4th quarter. Principal Financial Group Inc. now owns 877,399 shares of the company's stock worth $17,530,000 after acquiring an additional 25,573 shares during the period. Royce & Associates LP grew its stake in DXC Technology by 35.7% during the 4th quarter. Royce & Associates LP now owns 124,813 shares of the company's stock valued at $2,494,000 after purchasing an additional 32,842 shares during the last quarter. Finally, State of Alaska Department of Revenue increased its holdings in shares of DXC Technology by 86.9% in the fourth quarter. State of Alaska Department of Revenue now owns 192,880 shares of the company's stock valued at $3,853,000 after purchasing an additional 89,698 shares during the period. Hedge funds and other institutional investors own 96.20% of the company's stock.
Wall Street Analysts Forecast Growth
A number of equities research analysts recently commented on the company. BMO Capital Markets decreased their target price on DXC Technology from $26.00 to $17.00 and set a "market perform" rating for the company in a report on Thursday. Royal Bank of Canada decreased their price objective on shares of DXC Technology from $27.00 to $18.00 and set a "sector perform" rating for the company in a research note on Thursday. Morgan Stanley cut 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. Guggenheim reissued a "neutral" rating on shares of DXC Technology in a report on Monday, May 12th. Finally, Susquehanna lowered their price target on shares of DXC Technology from $23.00 to $16.00 and set a "neutral" rating on the stock in a report on Wednesday, April 23rd. 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, DXC Technology presently has a consensus rating of "Hold" and an average price target of $17.83.
Check Out Our Latest Analysis on DXC
DXC Technology Stock Performance
Shares of DXC traded down $0.08 during trading hours on Monday, hitting $15.19. The stock had a trading volume of 389,389 shares, compared to its average volume of 1,692,681. The firm has a 50-day moving average price of $15.90 and a 200 day moving average price of $19.05. DXC Technology has a fifty-two week low of $13.44 and a fifty-two week high of $24.83. The firm has a market capitalization of $2.75 billion, a price-to-earnings ratio of -36.14, a PEG 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.
DXC Technology (NYSE:DXC - Get Free Report) last released its quarterly earnings data on Wednesday, May 14th. The company reported $0.84 earnings per share for the quarter, beating analysts' consensus estimates of $0.76 by $0.08. DXC Technology had a negative net margin of 0.57% and a positive return on equity of 20.70%. The company had revenue of $3.17 billion during the quarter, compared to analysts' expectations of $3.13 billion. During the same quarter in the previous year, the company earned $0.97 earnings per share. The firm's revenue for the quarter was down 6.4% on a year-over-year basis. As a group, research analysts anticipate that DXC Technology will post 3.35 EPS for the current year.
DXC Technology Company Profile
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Free Report)
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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