HighTower Advisors LLC Sells 3,104 Shares of DXC Technology (NYSE:DXC)

HighTower Advisors LLC trimmed its stake in DXC Technology (NYSE:DXC) by 15.7% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 16,699 shares of the company’s stock after selling 3,104 shares during the quarter. HighTower Advisors LLC’s holdings in DXC Technology were worth $341,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. William B. Walkup & Associates Inc. bought a new stake in shares of DXC Technology during the second quarter valued at approximately $26,000. Fifth Third Bancorp boosted its stake in DXC Technology by 40.1% during the 2nd quarter. Fifth Third Bancorp now owns 1,954 shares of the company’s stock valued at $37,000 after purchasing an additional 559 shares during the last quarter. Matrix Trust Co bought a new stake in shares of DXC Technology in the 3rd quarter worth $43,000. Prospera Private Wealth LLC purchased a new position in shares of DXC Technology in the third quarter worth $49,000. Finally, GAMMA Investing LLC lifted its holdings in shares of DXC Technology by 48.7% during the third quarter. GAMMA Investing LLC now owns 3,425 shares of the company’s stock valued at $71,000 after purchasing an additional 1,122 shares in the last quarter. 96.20% of the stock is owned by hedge funds and other institutional investors.

DXC Technology Stock Performance

DXC opened at $20.60 on Monday. The company’s 50 day moving average is $21.34 and its 200 day moving average is $20.20. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 1.18. The company has a market cap of $3.73 billion, a price-to-earnings ratio of 257.53, a PEG ratio of 1.40 and a beta of 1.65. DXC Technology has a 12-month low of $14.78 and a 12-month high of $24.83.

DXC Technology (NYSE:DXC) last issued its quarterly earnings results on Thursday, November 7th. The company reported $0.93 earnings per share for the quarter, topping the consensus estimate of $0.72 by $0.21. The business had revenue of $3.24 billion for the quarter, compared to analysts’ expectations of $3.21 billion. DXC Technology had a net margin of 0.18% and a return on equity of 20.42%. During the same quarter last year, the company posted $0.70 EPS. On average, equities research analysts predict that DXC Technology will post 3.18 EPS for the current year.

Analyst Upgrades and Downgrades

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

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).