DXC Technology (NYSE:DXC) Shares Sold by Great Lakes Advisors LLC

Great Lakes Advisors LLC lowered its stake in DXC Technology (NYSE:DXC) by 3.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 639,970 shares of the company’s stock after selling 25,425 shares during the period. Great Lakes Advisors LLC owned about 0.35% of DXC Technology worth $12,787,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of DXC. Newbridge Financial Services Group Inc. raised its position in DXC Technology by 116.1% in the 4th quarter. Newbridge Financial Services Group Inc. now owns 1,675 shares of the company’s stock valued at $33,000 after purchasing an additional 900 shares in the last quarter. Prospera Private Wealth LLC acquired a new stake in DXC Technology in the 3rd quarter valued at about $49,000. Smartleaf Asset Management LLC raised its position in DXC Technology by 366.4% in the 4th quarter. Smartleaf Asset Management LLC now owns 2,999 shares of the company’s stock valued at $60,000 after purchasing an additional 2,356 shares in the last quarter. Brown Lisle Cummings Inc. raised its position in DXC Technology by 60.0% in the 4th quarter. Brown Lisle Cummings Inc. now owns 3,200 shares of the company’s stock valued at $64,000 after purchasing an additional 1,200 shares in the last quarter. Finally, Quest Partners LLC acquired a new stake in DXC Technology in the 3rd quarter valued at about $97,000. Institutional investors and hedge funds own 96.20% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Morgan Stanley increased their price target on DXC Technology from $20.00 to $22.00 and gave the company an “equal weight” rating in a research report on Friday, January 31st. One equities research analyst has rated the stock with a sell rating and seven have assigned a hold rating to the company’s stock. According to data from MarketBeat, DXC Technology presently has an average rating of “Hold” and a consensus target price of $21.38.

DXC Technology Trading Down 2.7 %

DXC opened at $17.06 on Thursday. DXC Technology has a one year low of $14.78 and a one year high of $24.83. The company has a market cap of $3.09 billion, a P/E ratio of -40.61, a PEG ratio of 1.16 and a beta of 1.62. 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’s 50-day simple moving average is $20.13 and its 200-day simple moving average is $20.70.

DXC Technology (NYSE:DXC) last released its quarterly earnings results on Tuesday, February 4th. The company reported $0.92 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.69 by $0.23. DXC Technology had a positive return on equity of 20.70% and a negative net margin of 0.57%. As a group, equities research analysts expect that DXC Technology will post 3.35 EPS for the current fiscal year.

About DXC Technology

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).