DXC Technology (NYSE:DXC) Shares Sold by Cwm LLC

Cwm LLC lessened its stake in shares of DXC Technology (NYSE:DXC) by 42.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 4,029 shares of the company’s stock after selling 2,923 shares during the quarter. Cwm LLC’s holdings in DXC Technology were worth $92,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. State of Alaska Department of Revenue raised its holdings in shares of DXC Technology by 388.6% during the 4th quarter. State of Alaska Department of Revenue now owns 119,130 shares of the company’s stock valued at $2,724,000 after buying an additional 94,748 shares during the period. Louisiana State Employees Retirement System purchased a new stake in shares of DXC Technology during the fourth quarter valued at approximately $2,216,000. Ameriprise Financial Inc. lifted its position in shares of DXC Technology by 0.3% during the third quarter. Ameriprise Financial Inc. now owns 2,992,875 shares of the company’s stock worth $62,342,000 after purchasing an additional 8,235 shares in the last quarter. PNC Financial Services Group Inc. lifted its position in shares of DXC Technology by 9.9% during the third quarter. PNC Financial Services Group Inc. now owns 63,800 shares of the company’s stock worth $1,329,000 after purchasing an additional 5,735 shares in the last quarter. Finally, SG Americas Securities LLC boosted its stake in shares of DXC Technology by 165.1% in the fourth quarter. SG Americas Securities LLC now owns 82,550 shares of the company’s stock valued at $1,888,000 after purchasing an additional 51,409 shares during the period. Hedge funds and other institutional investors own 96.20% of the company’s stock.

DXC Technology Price Performance

Shares of NYSE DXC opened at $19.71 on Wednesday. The business has a 50 day simple moving average of $20.60 and a 200-day simple moving average of $21.80. DXC Technology has a twelve month low of $18.61 and a twelve month high of $28.89. The company has a market capitalization of $3.60 billion, a price-to-earnings ratio of -10.32, a price-to-earnings-growth ratio of 1.72 and a beta of 1.85. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 1.15.

Analysts Set New Price Targets

A number of equities analysts have commented on the stock. JPMorgan Chase & Co. lowered shares of DXC Technology from a “neutral” rating to an “underweight” rating and cut their price objective for the stock from $27.00 to $24.00 in a report on Wednesday, January 24th. Guggenheim initiated coverage on DXC Technology in a research note on Tuesday, March 19th. They issued a “neutral” rating and a $22.00 price target on the stock. Citigroup lowered DXC Technology from a “neutral” rating to a “sell” rating and lowered their price objective for the company from $24.00 to $21.00 in a research note on Wednesday, January 17th. Finally, Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $24.00 target price on shares of DXC Technology in a research report on Friday, February 2nd. Three research analysts have rated the stock with a sell rating and six have assigned a hold rating to the company’s stock. According to data from MarketBeat.com, DXC Technology currently has a consensus rating of “Hold” and a consensus target price of $23.20.

Insider Buying and Selling at DXC Technology

In other news, EVP William L. Deckelman, Jr. sold 18,102 shares of DXC Technology stock in a transaction dated Thursday, February 29th. The shares were sold at an average price of $21.73, for a total value of $393,356.46. Following the completion of the transaction, the executive vice president now directly owns 124,806 shares of the company’s stock, valued at approximately $2,712,034.38. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.87% of the stock is owned by insiders.

DXC Technology Company Profile

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).