DXC Technology (NYSE:DXC) Stock Holdings Lowered by P.A.W. Capital Corp

P.A.W. Capital Corp trimmed its holdings in shares of DXC Technology (NYSE:DXC - Free Report) by 33.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 120,000 shares of the company's stock after selling 60,000 shares during the quarter. DXC Technology accounts for about 6.7% of P.A.W. Capital Corp's portfolio, making the stock its 7th largest position. P.A.W. Capital Corp owned 0.06% of DXC Technology worth $2,744,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Pacer Advisors Inc. boosted its stake in shares of DXC Technology by 86.8% in the 4th quarter. Pacer Advisors Inc. now owns 8,234,245 shares of the company's stock valued at $188,317,000 after purchasing an additional 3,827,176 shares during the last quarter. Norges Bank bought a new stake in shares of DXC Technology in the 4th quarter valued at $69,385,000. Invesco Ltd. boosted its stake in shares of DXC Technology by 9.5% in the 3rd quarter. Invesco Ltd. now owns 17,080,376 shares of the company's stock valued at $355,784,000 after purchasing an additional 1,478,484 shares during the last quarter. Jacobs Levy Equity Management Inc. boosted its stake in shares of DXC Technology by 3,407.2% in the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 1,411,199 shares of the company's stock valued at $29,395,000 after purchasing an additional 1,370,962 shares during the last quarter. Finally, Millennium Management LLC boosted its stake in shares of DXC Technology by 993.5% in the 2nd quarter. Millennium Management LLC now owns 682,855 shares of the company's stock valued at $20,697,000 after purchasing an additional 620,408 shares during the last quarter. 96.20% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

DXC has been the topic of a number of research reports. Guggenheim initiated coverage on shares of DXC Technology in a research report on Tuesday, March 19th. They set a "neutral" rating and a $22.00 target price on the stock. JPMorgan Chase & Co. downgraded shares of DXC Technology from a "neutral" rating to an "underweight" rating and dropped their target price for the company from $27.00 to $24.00 in a research report on Wednesday, January 24th. Royal Bank of Canada reiterated a "sector perform" rating and set a $24.00 target price on shares of DXC Technology in a research report on Friday, February 2nd. Finally, Citigroup downgraded shares of DXC Technology from a "neutral" rating to a "sell" rating and dropped their target price for the company from $24.00 to $21.00 in a research report on Wednesday, January 17th. Three investment analysts have rated the stock with a sell rating and six have assigned a hold rating to the stock. According to data from MarketBeat.com, DXC Technology has a consensus rating of "Hold" and a consensus target price of $23.20.

DXC Technology Stock Down 4.3 %

DXC traded down $0.91 during trading on Friday, hitting $20.30. 1,710,545 shares of the company's stock were exchanged, compared to its average volume of 2,561,577. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 1.15. The business's 50 day moving average is $21.18 and its two-hundred day moving average is $21.95. DXC Technology has a fifty-two week low of $18.61 and a fifty-two week high of $28.89. The stock has a market cap of $3.71 billion, a P/E ratio of -10.63, a PEG ratio of 1.89 and a beta of 1.85.

DXC Technology (NYSE:DXC - Get Free Report) last released its quarterly earnings data on Thursday, February 1st. The company reported $0.87 earnings per share for the quarter, topping the consensus estimate of $0.77 by $0.10. DXC Technology had a negative net margin of 3.35% and a positive return on equity of 19.00%. The firm had revenue of $3.40 billion for the quarter, compared to the consensus estimate of $3.36 billion. During the same quarter in the prior year, the company posted $0.95 earnings per share. The business's revenue was down 4.7% on a year-over-year basis. As a group, equities analysts expect that DXC Technology will post 3.03 earnings per share for the current fiscal year.

Insider Activity

In other news, EVP William L. Deckelman, Jr. sold 18,102 shares of the stock in a transaction dated Thursday, February 29th. The shares were sold at an average price of $21.73, for a total value of $393,356.46. Following the completion of the sale, the executive vice president now owns 124,806 shares in the company, valued at $2,712,034.38. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.87% of the stock is currently owned by corporate insiders.

About DXC Technology

DXC Technology Company, together with its subsidiaries, provides information technology services and solutions primarily 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).