DXC Technology (NYSE:DXC) Shares Sold by Rhumbline Advisers

Rhumbline Advisers lessened its stake in DXC Technology (NYSE:DXC) by 2.8% during the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 441,632 shares of the company’s stock after selling 12,830 shares during the quarter. Rhumbline Advisers owned approximately 0.24% of DXC Technology worth $7,530,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. American Century Companies Inc. grew its position in shares of DXC Technology by 18.5% during the 4th quarter. American Century Companies Inc. now owns 5,816,970 shares of the company’s stock valued at $116,223,000 after buying an additional 907,004 shares during the last quarter. Norges Bank bought a new stake in shares of DXC Technology during the 4th quarter valued at about $17,399,000. AQR Capital Management LLC grew its position in shares of DXC Technology by 43.8% during the 4th quarter. AQR Capital Management LLC now owns 1,943,649 shares of the company’s stock valued at $38,834,000 after buying an additional 591,841 shares during the last quarter. Deutsche Bank AG grew its position in shares of DXC Technology by 99.3% during the 4th quarter. Deutsche Bank AG now owns 1,173,407 shares of the company’s stock valued at $23,445,000 after buying an additional 584,678 shares during the last quarter. Finally, Brandywine Global Investment Management LLC bought a new stake in shares of DXC Technology during the 4th quarter valued at about $11,078,000. Institutional investors and hedge funds own 96.20% of the company’s stock.

DXC Technology Price Performance

NYSE DXC opened at $15.94 on Wednesday. The company has a 50-day moving average price of $15.26 and a two-hundred day moving average price of $18.34. The company has a current ratio of 1.34, a quick ratio of 1.34 and a debt-to-equity ratio of 1.12. The stock has a market cap of $2.89 billion, a price-to-earnings ratio of -37.94, a price-to-earnings-growth ratio of 1.16 and a beta of 1.22. DXC Technology has a 52 week low of $13.44 and a 52 week high of $24.83.

DXC Technology (NYSE:DXC) last posted its quarterly earnings data on Wednesday, May 14th. The company reported $0.84 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.76 by $0.08. The business had revenue of $3.17 billion during the quarter, compared to analysts’ expectations of $3.13 billion. DXC Technology had a negative net margin of 0.57% and a positive return on equity of 20.70%. The business’s revenue was down 6.4% on a year-over-year basis. During the same period last year, the firm posted $0.97 earnings per share. Analysts forecast that DXC Technology will post 3.35 EPS for the current year.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on DXC shares. Susquehanna lowered their price objective on shares of DXC Technology from $23.00 to $16.00 and set a “neutral” rating for the company in a research report on Wednesday, April 23rd. BMO Capital Markets lowered their price objective on shares of DXC Technology from $26.00 to $17.00 and set a “market perform” rating for the company in a research report on Thursday, May 15th. Guggenheim restated a “neutral” rating on shares of DXC Technology in a research report on Monday, May 12th. Morgan Stanley decreased their target price on shares of DXC Technology from $22.00 to $16.00 and set an “equal weight” rating for the company in a research report on Thursday, May 15th. Finally, Royal Bank of Canada decreased their target price on shares of DXC Technology from $27.00 to $18.00 and set a “sector perform” rating for the company in a research report on Thursday, May 15th. One research analyst has rated the stock with a sell rating and six have assigned a hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $17.00.

DXC Technology Company 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).