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

Arnhold LLC trimmed its holdings in shares of DXC Technology (NYSE:DXC - Free Report) by 8.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 720,590 shares of the company's stock after selling 65,571 shares during the quarter. DXC Technology accounts for about 1.4% of Arnhold LLC's investment portfolio, making the stock its 26th biggest position. Arnhold LLC owned approximately 0.40% of DXC Technology worth $14,397,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. US Bancorp DE increased its holdings in DXC Technology by 17.3% in the fourth quarter. US Bancorp DE now owns 13,406 shares of the company's stock valued at $268,000 after buying an additional 1,977 shares during the last quarter. Sterling Capital Management LLC increased its holdings in shares of DXC Technology by 55.4% in the 4th quarter. Sterling Capital Management LLC now owns 10,748 shares of the company's stock valued at $215,000 after acquiring an additional 3,833 shares during the last quarter. Principal Financial Group Inc. increased its holdings in shares of DXC Technology by 3.0% in the 4th quarter. Principal Financial Group Inc. now owns 877,399 shares of the company's stock valued at $17,530,000 after acquiring an additional 25,573 shares during the last quarter. Royce & Associates LP increased its holdings in shares of DXC Technology by 35.7% in the 4th quarter. Royce & Associates LP now owns 124,813 shares of the company's stock valued at $2,494,000 after acquiring an additional 32,842 shares during the last quarter. Finally, State of Alaska Department of Revenue increased its holdings in shares of DXC Technology by 86.9% in the 4th quarter. State of Alaska Department of Revenue now owns 192,880 shares of the company's stock valued at $3,853,000 after acquiring an additional 89,698 shares during the last quarter. 96.20% of the stock is owned by hedge funds and other institutional investors.

DXC Technology Stock Performance

NYSE:DXC traded up $0.40 during midday trading on Monday, reaching $15.70. 1,437,621 shares of the company traded hands, compared to its average volume of 1,761,816. DXC Technology has a twelve month low of $13.44 and a twelve month high of $24.83. The firm has a market capitalization of $2.84 billion, a price-to-earnings ratio of -37.38, a price-to-earnings-growth ratio of 1.16 and a beta of 1.37. The company has a debt-to-equity ratio of 1.12, a current ratio of 1.34 and a quick ratio of 1.34. The company has a fifty day moving average price of $16.62 and a 200 day moving average price of $19.50.

DXC Technology (NYSE:DXC - Get Free Report) last announced its quarterly earnings results on Tuesday, February 4th. The company reported $0.92 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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%. On average, analysts expect that DXC Technology will post 3.35 EPS for the current fiscal year.

Analyst Ratings Changes

DXC has been the subject of a number of research analyst reports. Susquehanna lowered their price target on DXC Technology from $23.00 to $16.00 and set a "neutral" rating for the company in a report on Wednesday, April 23rd. Morgan Stanley boosted their price target on DXC Technology from $20.00 to $22.00 and gave the company an "equal weight" rating in a report on Friday, January 31st. One investment analyst has rated the stock with a sell rating and six have assigned a hold rating to the company's stock. According to data from MarketBeat.com, DXC Technology currently has an average rating of "Hold" and an average target price of $20.29.

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).