Todd Asset Management LLC Invests $22.21 Million in DXC Technology (NYSE:DXC)

Todd Asset Management LLC purchased a new stake in shares of DXC Technology (NYSE:DXC - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 971,148 shares of the company's stock, valued at approximately $22,210,000. Todd Asset Management LLC owned 0.50% of DXC Technology as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Versant Capital Management Inc grew its position 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 buying an additional 2,045 shares in the last quarter. GAMMA Investing LLC bought a new position in shares of DXC Technology during the 4th quarter worth $49,000. Headlands Technologies LLC bought a new position in shares of DXC Technology during the 3rd quarter worth $67,000. NBC Securities Inc. bought a new position in shares of DXC Technology during the 3rd quarter worth $94,000. Finally, V Square Quantitative Management LLC bought a new position in shares of DXC Technology during the 3rd quarter worth $197,000. Hedge funds and other institutional investors own 96.20% of the company's stock.

Wall Street Analyst Weigh In

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

Insider Transactions at DXC Technology

In related news, EVP William L. Deckelman, Jr. sold 18,102 shares of DXC Technology stock in a transaction that occurred 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 completion of the transaction, the executive vice president now directly owns 124,806 shares in the company, valued at $2,712,034.38. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 0.87% of the company's stock.

DXC Technology Stock Performance

Shares of NYSE:DXC traded up $0.26 during trading on Friday, hitting $19.16. The stock had a trading volume of 1,510,385 shares, compared to its average volume of 1,545,754. DXC Technology has a 12-month low of $18.61 and a 12-month high of $28.89. The stock has a market capitalization of $3.50 billion, a price-to-earnings ratio of -10.03, a price-to-earnings-growth ratio of 1.72 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. The stock has a 50-day simple moving average of $20.68 and a two-hundred day simple moving average of $21.81.

DXC Technology (NYSE:DXC - Get Free Report) last announced its quarterly earnings data on Thursday, February 1st. The company reported $0.87 earnings per share (EPS) for the quarter, topping the consensus estimate 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 firm had revenue of $3.40 billion during the quarter, compared to analysts' expectations of $3.36 billion. During the same period last year, the business posted $0.95 earnings per share. The company's revenue for the quarter was down 4.7% compared to the same quarter last year. On average, equities research analysts expect that DXC Technology will post 3.03 earnings per share for the current fiscal year.

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).