DXC Technology (NYSE:DXC) Shares Sold by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC trimmed its position in DXC Technology (NYSE:DXC - Free Report) by 73.6% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 33,893 shares of the company's stock after selling 94,384 shares during the period. Mutual of America Capital Management LLC's holdings in DXC Technology were worth $775,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Versant Capital Management Inc boosted its holdings in shares of DXC Technology by 3,525.9% during the 4th quarter. Versant Capital Management Inc now owns 2,103 shares of the company's stock worth $48,000 after purchasing an additional 2,045 shares during the last quarter. Headlands Technologies LLC acquired a new position in shares of DXC Technology during the 3rd quarter worth approximately $67,000. NBC Securities Inc. acquired a new position in shares of DXC Technology during the 3rd quarter worth approximately $94,000. CWM LLC boosted its holdings in shares of DXC Technology by 108.4% during the 3rd quarter. CWM LLC now owns 6,952 shares of the company's stock worth $145,000 after purchasing an additional 3,616 shares during the last quarter. Finally, V Square Quantitative Management LLC acquired a new position in shares of DXC Technology during the 3rd quarter worth approximately $197,000. 96.20% of the stock is currently owned by institutional investors and hedge funds.

DXC Technology Trading Up 3.6 %

NYSE DXC traded up $0.74 on Tuesday, reaching $21.16. The stock had a trading volume of 1,556,245 shares, compared to its average volume of 2,456,377. The firm has a market capitalization of $3.87 billion, a price-to-earnings ratio of -11.08, a P/E/G ratio of 1.81 and a beta of 1.85. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 1.15. DXC Technology has a 12-month low of $18.61 and a 12-month high of $28.89. The stock has a fifty day moving average price of $20.94 and a two-hundred day moving average price of $21.93.

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

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on DXC. Royal Bank of Canada restated a "sector perform" rating and set a $24.00 target price on shares of DXC Technology in a report on Friday, February 2nd. Citigroup cut DXC Technology from a "neutral" rating to a "sell" rating and decreased their price objective for the company from $24.00 to $21.00 in a report on Wednesday, January 17th. JPMorgan Chase & Co. cut DXC Technology from a "neutral" rating to an "underweight" rating and decreased their price objective for the company from $27.00 to $24.00 in a report on Wednesday, January 24th. Finally, Guggenheim assumed coverage on DXC Technology in a report on Tuesday, March 19th. They issued a "neutral" rating and a $22.00 price objective on the stock. 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, the stock currently has a consensus rating of "Hold" and an average price target of $23.20.

Insider Transactions at DXC Technology

In other news, EVP William L. Deckelman, Jr. sold 18,102 shares of the company's stock in a transaction on Thursday, February 29th. The stock was sold at an average price of $21.73, for a total transaction of $393,356.46. Following the sale, the executive vice president now owns 124,806 shares of the company's stock, valued at $2,712,034.38. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.87% of the company's stock.

DXC Technology Company Profile

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).