DXC Technology (NYSE:DXC) Stake Lessened by Investment Management Associates Inc. ADV

Investment Management Associates Inc. ADV reduced its stake in shares of DXC Technology (NYSE:DXC) by 28.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 385,585 shares of the company’s stock after selling 150,067 shares during the quarter. DXC Technology makes up approximately 3.4% of Investment Management Associates Inc. ADV’s portfolio, making the stock its 12th largest position. Investment Management Associates Inc. ADV’s holdings in DXC Technology were worth $7,704,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Newbridge Financial Services Group Inc. lifted its position in DXC Technology by 116.1% in the 4th quarter. Newbridge Financial Services Group Inc. now owns 1,675 shares of the company’s stock worth $33,000 after buying an additional 900 shares in the last quarter. Prospera Private Wealth LLC acquired a new position in shares of DXC Technology in the third quarter worth $49,000. Brown Lisle Cummings Inc. raised its holdings in shares of DXC Technology by 60.0% during the fourth quarter. Brown Lisle Cummings Inc. now owns 3,200 shares of the company’s stock worth $64,000 after acquiring an additional 1,200 shares in the last quarter. Quest Partners LLC acquired a new stake in DXC Technology during the third quarter valued at $97,000. Finally, CWM LLC grew its stake in DXC Technology by 63.2% in the third quarter. CWM LLC now owns 6,341 shares of the company’s stock valued at $132,000 after purchasing an additional 2,456 shares in the last quarter. 96.20% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms have recently weighed in on DXC. BMO Capital Markets raised their price target on DXC Technology from $22.00 to $25.00 and gave the stock a “market perform” rating in a research note on Monday, November 11th. Morgan Stanley increased their price objective on DXC Technology from $20.00 to $22.00 and gave the stock an “equal weight” rating in a report on Friday, January 31st. Finally, Susquehanna boosted their target price on shares of DXC Technology from $19.00 to $23.00 and gave the stock a “neutral” rating in a research report on Friday, November 8th. 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 data from MarketBeat.com, DXC Technology has a consensus rating of “Hold” and an average target price of $21.38.

DXC Technology Stock Down 0.5 %

Shares of DXC stock opened at $20.21 on Friday. The company has a market capitalization of $3.66 billion, a price-to-earnings ratio of -48.11, a PEG ratio of 1.22 and a beta of 1.65. The company has a debt-to-equity ratio of 1.12, a quick ratio of 1.34 and a current ratio of 1.34. The stock’s 50 day simple moving average is $20.75 and its 200 day simple moving average is $20.76. DXC Technology has a twelve month low of $14.78 and a twelve month high of $24.83.

DXC Technology (NYSE:DXC) last announced its quarterly earnings results on Tuesday, February 4th. The company reported $0.92 EPS for the quarter, beating the consensus estimate 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%. As a group, research analysts predict that DXC Technology will post 3.35 EPS for the current year.

About DXC Technology

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).