Rhumbline Advisers Trims Holdings in DXC Technology (NYSE:DXC)

Rhumbline Advisers decreased its position in shares of DXC Technology (NYSE:DXC) by 2.9% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 454,462 shares of the company’s stock after selling 13,573 shares during the period. Rhumbline Advisers owned 0.25% of DXC Technology worth $9,080,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Newbridge Financial Services Group Inc. raised its position in shares of DXC Technology by 116.1% during 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 during the period. Prospera Private Wealth LLC purchased a new stake in DXC Technology in the 3rd quarter worth $49,000. Brown Lisle Cummings Inc. increased its stake in DXC Technology by 60.0% in the 4th quarter. Brown Lisle Cummings Inc. now owns 3,200 shares of the company’s stock worth $64,000 after buying an additional 1,200 shares in the last quarter. Quest Partners LLC bought a new stake in DXC Technology during the third quarter valued at about $97,000. Finally, Matrix Trust Co lifted its position in shares of DXC Technology by 347.2% in the fourth quarter. Matrix Trust Co now owns 9,343 shares of the company’s stock valued at $187,000 after acquiring an additional 7,254 shares in the last quarter. Hedge funds and other institutional investors own 96.20% of the company’s stock.

DXC Technology Stock Performance

NYSE:DXC opened at $19.25 on Tuesday. The company has a market cap of $3.49 billion, a price-to-earnings ratio of -45.83, a PEG ratio of 1.16 and a beta of 1.65. DXC Technology has a 1 year low of $14.78 and a 1 year high of $24.83. The stock’s 50 day simple moving average is $20.66 and its two-hundred day simple moving average is $20.82. 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 (NYSE:DXC) last posted its earnings results on Tuesday, February 4th. The company reported $0.92 earnings per share for the quarter, beating analysts’ consensus estimates of $0.69 by $0.23. DXC Technology had a negative net margin of 0.57% and a positive return on equity of 20.70%. As a group, equities analysts anticipate that DXC Technology will post 3.35 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research firms recently issued reports on DXC. Morgan Stanley increased their target price on DXC Technology from $20.00 to $22.00 and gave the stock an “equal weight” rating in a research report on Friday, January 31st. Susquehanna increased their price objective on shares of DXC Technology from $19.00 to $23.00 and gave the company a “neutral” rating in a report on Friday, November 8th. Finally, BMO Capital Markets boosted their target price on shares of DXC Technology from $22.00 to $25.00 and gave the stock a “market perform” rating in a report on Monday, November 11th. One research analyst has rated the stock with a sell rating and seven have given a hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $21.38.

DXC Technology 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).