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

Fmr LLC lessened its stake in DXC Technology (NYSE:DXC) by 15.0% in the 3rd quarter, Holdings Channel.com reports. The firm owned 92,589 shares of the company’s stock after selling 16,330 shares during the period. Fmr LLC’s holdings in DXC Technology were worth $1,921,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently made changes to their positions in DXC. William B. Walkup & Associates Inc. acquired a new stake in shares of DXC Technology in the second quarter valued at approximately $26,000. Family Firm Inc. purchased a new position in DXC Technology in the second quarter worth approximately $37,000. Fifth Third Bancorp grew its position in DXC Technology by 40.1% in the second quarter. Fifth Third Bancorp now owns 1,954 shares of the company’s stock worth $37,000 after acquiring an additional 559 shares during the period. Matrix Trust Co purchased a new position in DXC Technology in the third quarter worth approximately $43,000. Finally, Prospera Private Wealth LLC purchased a new position in DXC Technology in the third quarter worth approximately $49,000. Institutional investors and hedge funds own 96.20% of the company’s stock.

DXC Technology Trading Down 1.2 %

NYSE:DXC opened at $21.46 on Monday. The firm has a market cap of $3.88 billion, a PE ratio of 268.28, a price-to-earnings-growth ratio of 1.40 and a beta of 1.65. The stock has a fifty day moving average price of $21.25 and a 200 day moving average price of $20.04. DXC Technology has a 12-month low of $14.78 and a 12-month high of $25.14. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 1.18.

DXC Technology (NYSE:DXC) last released its earnings results on Thursday, November 7th. The company reported $0.93 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.72 by $0.21. DXC Technology had a return on equity of 20.42% and a net margin of 0.18%. The firm had revenue of $3.24 billion during the quarter, compared to analyst estimates of $3.21 billion. During the same period last year, the business posted $0.70 earnings per share. Sell-side analysts anticipate that DXC Technology will post 3.18 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on DXC. JPMorgan Chase & Co. increased their price objective on DXC Technology from $19.00 to $22.00 and gave the stock an “underweight” rating in a research report on Friday, September 6th. BMO Capital Markets increased their price objective on DXC Technology from $22.00 to $25.00 and gave the stock a “market perform” rating in a research report on Monday, November 11th. Finally, Susquehanna increased their price objective on DXC Technology from $19.00 to $23.00 and gave the stock a “neutral” rating in a research report on Friday, November 8th. Two research analysts have rated the stock with a sell rating and seven have assigned a hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $20.89.

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).