Lee Danner & Bass Inc. Sells 21,051 Shares of DXC Technology (NYSE:DXC)

Lee Danner & Bass Inc. trimmed its position in DXC Technology (NYSE:DXC) by 10.9% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 171,935 shares of the company’s stock after selling 21,051 shares during the quarter. Lee Danner & Bass Inc.’s holdings in DXC Technology were worth $3,435,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in DXC. Newbridge Financial Services Group Inc. increased its holdings in shares of DXC Technology by 116.1% in the fourth quarter. Newbridge Financial Services Group Inc. now owns 1,675 shares of the company’s stock worth $33,000 after purchasing an additional 900 shares during the last quarter. Prospera Private Wealth LLC bought a new stake in shares of DXC Technology in the third quarter worth about $49,000. Smartleaf Asset Management LLC increased its holdings in shares of DXC Technology by 366.4% in the fourth quarter. Smartleaf Asset Management LLC now owns 2,999 shares of the company’s stock worth $60,000 after purchasing an additional 2,356 shares during the last quarter. Brown Lisle Cummings Inc. increased its stake in DXC Technology by 60.0% during the fourth quarter. Brown Lisle Cummings Inc. now owns 3,200 shares of the company’s stock worth $64,000 after acquiring an additional 1,200 shares during the last quarter. Finally, Quest Partners LLC bought a new stake in DXC Technology during the third quarter worth approximately $97,000. 96.20% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, Morgan Stanley boosted their price objective on DXC Technology from $20.00 to $22.00 and gave the stock an “equal weight” rating in a research note on Friday, January 31st. One research analyst has rated the stock with a sell rating and six have issued a hold rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $21.29.

DXC Technology Trading Down 2.5 %

Shares of NYSE DXC opened at $17.13 on Friday. The business’s 50 day moving average is $19.72 and its two-hundred day moving average is $20.53. The company has a debt-to-equity ratio of 1.12, a current ratio of 1.34 and a quick ratio of 1.34. DXC Technology has a 1-year low of $14.79 and a 1-year high of $24.83. The stock has a market capitalization of $3.10 billion, a P/E ratio of -40.79, a PEG ratio of 1.16 and a beta of 1.62.

DXC Technology (NYSE:DXC) last announced its earnings results on Tuesday, February 4th. The company reported $0.92 earnings per share (EPS) for the quarter, beating the consensus estimate 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, 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).