DXC Technology (NYSE:DXC) Shares Sold by Corebridge Financial Inc.

Corebridge Financial Inc. decreased its position in DXC Technology (NYSE:DXC) by 9.6% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 7,625 shares of the company’s stock after selling 811 shares during the period. Corebridge Financial Inc.’s holdings in DXC Technology were worth $152,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the company. American Century Companies Inc. boosted its position in shares of DXC Technology by 18.5% in the 4th quarter. American Century Companies Inc. now owns 5,816,970 shares of the company’s stock worth $116,223,000 after buying an additional 907,004 shares in the last quarter. Assenagon Asset Management S.A. lifted its holdings in shares of DXC Technology by 4,893.5% in the fourth quarter. Assenagon Asset Management S.A. now owns 669,576 shares of the company’s stock valued at $13,378,000 after purchasing an additional 656,167 shares in the last quarter. Vanguard Group Inc. grew its position in shares of DXC Technology by 1.2% in the fourth quarter. Vanguard Group Inc. now owns 23,634,617 shares of the company’s stock valued at $472,220,000 after purchasing an additional 270,206 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in shares of DXC Technology in the fourth quarter valued at approximately $3,308,000. Finally, KBC Group NV increased its stake in shares of DXC Technology by 2,380.1% during the 4th quarter. KBC Group NV now owns 142,505 shares of the company’s stock worth $2,847,000 after purchasing an additional 136,759 shares in the last quarter. Hedge funds and other institutional investors own 96.20% of the company’s stock.

DXC Technology Stock Performance

Shares of DXC opened at $14.70 on Tuesday. DXC Technology has a 1 year low of $13.44 and a 1 year high of $24.83. The company’s 50 day simple moving average is $17.78 and its 200 day simple moving average is $19.88. The company has a market capitalization of $2.66 billion, a price-to-earnings ratio of -35.00, a PEG ratio of 1.16 and a beta of 1.37. The company has a debt-to-equity ratio of 1.12, a quick ratio of 1.34 and a current ratio of 1.34.

DXC Technology (NYSE:DXC) last issued its quarterly earnings results on Tuesday, February 4th. The company reported $0.92 earnings per share for the quarter, topping analysts’ consensus estimates 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%. On average, sell-side analysts predict that DXC Technology will post 3.35 EPS for the current year.

Wall Street Analyst Weigh In

Separately, Morgan Stanley increased their target price on DXC Technology from $20.00 to $22.00 and gave the company an “equal weight” rating in a report on Friday, January 31st. One equities 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 stock presently has an average rating of “Hold” and a consensus target price of $21.29.

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).