CX Institutional Trims Stock Holdings in DXC Technology Company. $DXC

CX Institutional decreased its holdings in shares of DXC Technology Company. (NYSE:DXC) by 98.5% during the third quarter, HoldingsChannel reports. The fund owned 6,264 shares of the company’s stock after selling 406,220 shares during the quarter. CX Institutional’s holdings in DXC Technology were worth $85,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently made changes to their positions in the company. KLP Kapitalforvaltning AS raised its stake in shares of DXC Technology by 27.2% during the 3rd quarter. KLP Kapitalforvaltning AS now owns 62,700 shares of the company’s stock valued at $855,000 after purchasing an additional 13,400 shares during the period. CoreCap Advisors LLC grew its holdings in DXC Technology by 16.3% during the 3rd quarter. CoreCap Advisors LLC now owns 6,271 shares of the company’s stock valued at $85,000 after buying an additional 879 shares in the last quarter. Twelve Points Wealth Management LLC increased its position in shares of DXC Technology by 3.2% during the third quarter. Twelve Points Wealth Management LLC now owns 116,187 shares of the company’s stock valued at $1,584,000 after buying an additional 3,620 shares during the period. Robeco Institutional Asset Management B.V. lifted its holdings in shares of DXC Technology by 37.1% in the third quarter. Robeco Institutional Asset Management B.V. now owns 469,797 shares of the company’s stock worth $6,403,000 after buying an additional 127,092 shares in the last quarter. Finally, CWM LLC boosted its position in shares of DXC Technology by 133.4% in the third quarter. CWM LLC now owns 52,776 shares of the company’s stock valued at $719,000 after acquiring an additional 30,161 shares during the period. 96.20% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the stock. Weiss Ratings reaffirmed a “sell (d)” rating on shares of DXC Technology in a report on Wednesday, October 8th. Wall Street Zen upgraded shares of DXC Technology from a “hold” rating to a “buy” rating in a research report on Sunday, November 9th. Stifel Nicolaus lowered their price objective on DXC Technology from $15.00 to $14.00 and set a “hold” rating on the stock in a research report on Friday, October 31st. Susquehanna set a $14.00 price objective on DXC Technology and gave the company a “neutral” rating in a research note on Friday, October 31st. Finally, Wolfe Research lowered DXC Technology from a “strong-buy” rating to a “strong sell” rating in a research note on Thursday, January 8th. Six investment analysts have rated the stock with a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat, DXC Technology presently has an average rating of “Reduce” and a consensus target price of $15.00.

DXC Technology Stock Performance

DXC Technology stock opened at $15.17 on Tuesday. DXC Technology Company. has a fifty-two week low of $11.82 and a fifty-two week high of $23.75. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.09 and a current ratio of 1.09. The stock has a market cap of $2.64 billion, a P/E ratio of 7.47 and a beta of 1.04. The firm’s fifty day moving average price is $14.12 and its 200-day moving average price is $14.06.

DXC Technology (NYSE:DXC) last released its earnings results on Friday, October 31st. The company reported $0.84 EPS for the quarter, beating analysts’ consensus estimates of $0.71 by $0.13. DXC Technology had a return on equity of 17.83% and a net margin of 2.93%.The business had revenue of $3.16 billion for the quarter, compared to analysts’ expectations of $3.17 billion. During the same quarter in the prior year, the firm earned $0.93 earnings per share. The firm’s revenue was down 2.5% on a year-over-year basis. On average, equities research analysts expect that DXC Technology Company. will post 3.35 earnings per share for the current fiscal year.

Insider Activity at DXC Technology

In related news, SVP Christopher Anthony Voci sold 2,500 shares of the firm’s stock in a transaction dated Thursday, December 11th. The stock was sold at an average price of $15.15, for a total transaction of $37,875.00. Following the transaction, the senior vice president directly owned 88,605 shares of the company’s stock, valued at approximately $1,342,365.75. This trade represents a 2.74% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 0.61% of the company’s stock.

DXC Technology Company Profile

DXC Technology, headquartered in Tysons Corner, Virginia, is a global leader in IT services and solutions. The company was formed in 2017 through the merger of Computer Sciences Corporation (CSC) and the Enterprise Services business of Hewlett Packard Enterprise, combining decades of experience in consulting, systems integration and managed services. Since its inception, DXC has focused on helping clients modernize IT environments and drive digital transformation across their organizations.

DXC Technology’s core service offerings encompass cloud and platform services, applications and analytics, security, and workplace and mobility solutions.