DXC Technology (NYSE:DXC) Shares Sold by Amalgamated Bank

Amalgamated Bank lowered its position in DXC Technology (NYSE:DXC - Free Report) by 29.6% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 56,579 shares of the company's stock after selling 23,740 shares during the quarter. Amalgamated Bank's holdings in DXC Technology were worth $1,174,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of DXC. Janney Montgomery Scott LLC grew its stake in shares of DXC Technology by 40.4% in the 1st quarter. Janney Montgomery Scott LLC now owns 16,693 shares of the company's stock valued at $354,000 after purchasing an additional 4,805 shares during the last quarter. Empowered Funds LLC purchased a new position in DXC Technology during the 1st quarter worth $232,000. Sei Investments Co. lifted its stake in shares of DXC Technology by 41.8% in the 1st quarter. Sei Investments Co. now owns 327,080 shares of the company's stock worth $6,937,000 after acquiring an additional 96,398 shares during the period. US Bancorp DE boosted its holdings in shares of DXC Technology by 9.7% in the first quarter. US Bancorp DE now owns 48,011 shares of the company's stock valued at $1,018,000 after acquiring an additional 4,228 shares in the last quarter. Finally, Entropy Technologies LP purchased a new stake in shares of DXC Technology in the first quarter valued at about $1,250,000. 96.20% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, SVP Christopher Anthony Voci sold 2,500 shares of the business's stock in a transaction that occurred on Friday, September 13th. The stock was sold at an average price of $21.37, for a total transaction of $53,425.00. Following the completion of the transaction, the senior vice president now directly owns 83,746 shares in the company, valued at approximately $1,789,652.02. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 0.54% of the company's stock.

DXC Technology Stock Down 2.5 %

NYSE DXC traded down $0.55 on Thursday, hitting $21.86. 625,464 shares of the stock traded hands, compared to its average volume of 2,128,533. DXC Technology has a twelve month low of $14.78 and a twelve month high of $25.14. The company has a current ratio of 1.25, a quick ratio of 1.21 and a debt-to-equity ratio of 1.18. The company has a market capitalization of $3.96 billion, a P/E ratio of 280.13, a price-to-earnings-growth ratio of 1.46 and a beta of 1.67. The stock has a 50-day moving average of $20.80 and a 200 day moving average of $19.45.

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

Analysts Set New Price Targets

Several analysts have weighed in on the company. Royal Bank of Canada upped their target price on DXC Technology from $18.00 to $20.00 and gave the company a "sector perform" rating in a report on Friday, August 9th. BMO Capital Markets increased their target price on shares of DXC Technology from $22.00 to $25.00 and gave the stock a "market perform" rating in a research report on Monday. Susquehanna increased their price target on DXC Technology from $19.00 to $23.00 and gave the company a "neutral" rating in a report on Friday, November 8th. Finally, JPMorgan Chase & Co. lifted their price objective on shares of DXC Technology from $19.00 to $22.00 and gave the company an "underweight" rating in a research note on Friday, September 6th. Two research analysts have rated the stock with a sell rating and seven have assigned a hold rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target 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).