Jacobs Levy Equity Management Inc. Lowers Stock Holdings in DXC Technology (NYSE:DXC)

Jacobs Levy Equity Management Inc. reduced its stake in DXC Technology (NYSE:DXC - Free Report) by 40.4% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 428,157 shares of the company's stock after selling 289,805 shares during the quarter. Jacobs Levy Equity Management Inc. owned approximately 0.24% of DXC Technology worth $8,555,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Franklin Resources Inc. lifted its holdings in shares of DXC Technology by 2.4% in the third quarter. Franklin Resources Inc. now owns 63,230 shares of the company's stock worth $1,272,000 after buying an additional 1,502 shares in the last quarter. Oak Thistle LLC purchased a new stake in DXC Technology in the 4th quarter worth $654,000. Assenagon Asset Management S.A. boosted its holdings in shares of DXC Technology by 4,893.5% during the 4th quarter. Assenagon Asset Management S.A. now owns 669,576 shares of the company's stock valued at $13,378,000 after purchasing an additional 656,167 shares during the last quarter. Exchange Traded Concepts LLC grew its position in shares of DXC Technology by 5.6% during the fourth quarter. Exchange Traded Concepts LLC now owns 48,733 shares of the company's stock valued at $974,000 after purchasing an additional 2,564 shares in the last quarter. Finally, KBC Group NV increased its holdings in shares of DXC Technology by 2,380.1% in the fourth quarter. KBC Group NV now owns 142,505 shares of the company's stock worth $2,847,000 after purchasing an additional 136,759 shares during the last quarter. 96.20% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts recently commented on the company. Royal Bank of Canada dropped their price target on 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 target price on shares of DXC Technology from $22.00 to $16.00 and set an "equal weight" rating for the company in a report on Thursday. Susquehanna reduced their price target on shares of DXC Technology from $23.00 to $16.00 and set a "neutral" rating on the stock in a research report on Wednesday, April 23rd. Guggenheim reiterated a "neutral" rating on shares of DXC Technology in a research report on Monday, May 12th. Finally, BMO Capital Markets reduced their target price on shares of DXC Technology from $26.00 to $17.00 and set a "market perform" rating on the stock in a report on Thursday. One research analyst has rated the stock with a sell rating and six have assigned a hold rating to the company. According to MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $17.83.

DXC Technology Trading Down 4.8%

DXC stock traded down $0.77 during mid-day trading on Friday, reaching $15.26. 2,859,203 shares of the stock traded hands, compared to its average volume of 1,697,718. 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 $2.76 billion, a PE ratio of -36.32, 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. The business has a 50-day moving average price of $15.90 and a two-hundred day moving average price of $19.06.

DXC Technology (NYSE:DXC - Get Free Report) last issued its quarterly earnings results on Wednesday, May 14th. The company reported $0.84 EPS for the quarter, beating the consensus estimate of $0.76 by $0.08. The company had revenue of $3.17 billion for the quarter, compared to the consensus estimate of $3.13 billion. DXC Technology had a negative net margin of 0.57% and a positive return on equity of 20.70%. The firm's revenue was down 6.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.97 EPS. Equities research analysts expect that DXC Technology will post 3.35 EPS for the current 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).