Investment House LLC Sells 690 Shares of DXC Technology (NYSE:DXC)

Investment House LLC trimmed its holdings in DXC Technology (NYSE:DXC) by 4.3% in the fourth quarter, Holdings Channel reports. The fund owned 15,345 shares of the company’s stock after selling 690 shares during the period. Investment House LLC’s holdings in DXC Technology were worth $307,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Pacer Advisors Inc. raised its holdings in DXC Technology by 4.7% during the third quarter. Pacer Advisors Inc. now owns 20,140,488 shares of the company’s stock worth $417,915,000 after acquiring an additional 899,510 shares in the last quarter. Assenagon Asset Management S.A. lifted its position in DXC Technology by 4,893.5% during the fourth quarter. Assenagon Asset Management S.A. now owns 669,576 shares of the company’s stock worth $13,378,000 after acquiring an additional 656,167 shares during the last quarter. Raymond James Financial Inc. acquired a new position in DXC Technology in the 4th quarter valued at $3,308,000. KBC Group NV increased its position in DXC Technology by 2,380.1% during the fourth quarter. KBC Group NV now owns 142,505 shares of the company’s stock worth $2,847,000 after acquiring an additional 136,759 shares during the period. Finally, Moran Wealth Management LLC acquired a new stake in shares of DXC Technology in the third quarter valued at approximately $2,414,000. 96.20% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

DXC Technology Trading Up 1.2 %

NYSE DXC opened at $17.55 on Thursday. The company has a debt-to-equity ratio of 1.12, a current ratio of 1.34 and a quick ratio of 1.34. The stock has a market capitalization of $3.18 billion, a price-to-earnings ratio of -41.79, a PEG ratio of 1.16 and a beta of 1.62. The business’s fifty day moving average is $19.78 and its 200-day moving average is $20.56. DXC Technology has a one year low of $14.79 and a one year high of $24.83.

DXC Technology (NYSE:DXC) last issued its earnings results on Tuesday, February 4th. The company reported $0.92 EPS for the quarter, topping 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%. Equities research analysts predict that DXC Technology will post 3.35 EPS for the current 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).