Charles Schwab Investment Management Inc. Sells 357,642 Shares of DXC Technology (NYSE:DXC)

Charles Schwab Investment Management Inc. lessened its position in shares of DXC Technology (NYSE:DXC - Free Report) by 16.1% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,866,096 shares of the company's stock after selling 357,642 shares during the period. Charles Schwab Investment Management Inc. owned approximately 1.03% of DXC Technology worth $38,721,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of the stock. William B. Walkup & Associates Inc. acquired a new position in shares of DXC Technology in the second quarter worth about $26,000. Mather Group LLC. lifted its stake in shares of DXC Technology by 55.0% in the second quarter. Mather Group LLC. now owns 1,637 shares of the company's stock worth $35,000 after acquiring an additional 581 shares in the last quarter. Family Firm Inc. acquired a new position in shares of DXC Technology in the second quarter worth about $37,000. Fifth Third Bancorp lifted its stake in shares of 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 in the last quarter. Finally, Matrix Trust Co acquired a new stake in DXC Technology during the third quarter valued at approximately $43,000. Hedge funds and other institutional investors own 96.20% of the company's stock.

Insider Transactions at DXC Technology

In related news, SVP Christopher Anthony Voci sold 2,500 shares of DXC Technology stock in a transaction 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 sale, the senior vice president now owns 83,746 shares of the company's stock, valued at approximately $1,789,652.02. This trade represents a 2.90 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.54% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several analysts have issued reports on DXC shares. Royal Bank of Canada upped their price objective on DXC Technology from $18.00 to $20.00 and gave the company a "sector perform" rating in a research note on Friday, August 9th. Susquehanna increased their price target on DXC Technology from $19.00 to $23.00 and gave the stock a "neutral" rating in a research report on Friday, November 8th. BMO Capital Markets increased their price target 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, JPMorgan Chase & Co. increased their price target on DXC Technology from $19.00 to $22.00 and gave the stock an "underweight" rating in a research report on Friday, September 6th. Two analysts have rated the stock with a sell rating and seven have given a hold rating to the company. Based on data from MarketBeat.com, DXC Technology has an average rating of "Hold" and a consensus target price of $20.89.

DXC Technology Price Performance

Shares of DXC stock traded down $0.35 during mid-day trading on Tuesday, hitting $22.16. 578,216 shares of the stock traded hands, compared to its average volume of 1,439,165. The company has a debt-to-equity ratio of 1.18, a quick ratio of 1.25 and a current ratio of 1.25. The firm has a market cap of $4.01 billion, a price-to-earnings ratio of 277.03, a price-to-earnings-growth ratio of 1.46 and a beta of 1.65. The company's 50-day simple moving average is $20.97 and its 200-day simple moving average is $19.65. DXC Technology has a twelve month low of $14.78 and a twelve month high of $25.14.

DXC Technology (NYSE:DXC - Get Free Report) last issued its earnings results on Thursday, November 7th. The company reported $0.93 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 return on equity of 20.42% and a net margin of 0.18%. During the same period in the previous year, the firm posted $0.70 EPS. As a group, equities research analysts expect that DXC Technology will post 3.18 earnings per share 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).