Clifford Capital Partners LLC Sells 31,293 Shares of DXC Technology (NYSE:DXC)

Clifford Capital Partners LLC decreased its holdings in DXC Technology (NYSE:DXC - Free Report) by 4.5% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 657,242 shares of the company's stock after selling 31,293 shares during the quarter. DXC Technology makes up about 2.7% of Clifford Capital Partners LLC's investment portfolio, making the stock its 25th largest position. Clifford Capital Partners LLC owned approximately 0.36% of DXC Technology worth $13,638,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Pacer Advisors Inc. lifted its position in DXC Technology by 30.4% during the 2nd quarter. Pacer Advisors Inc. now owns 19,240,978 shares of the company's stock worth $367,310,000 after buying an additional 4,489,924 shares in the last quarter. Marshall Wace LLP raised its stake in shares of DXC Technology by 1,047.3% in the second quarter. Marshall Wace LLP now owns 820,585 shares of the company's stock worth $15,665,000 after acquiring an additional 749,060 shares during the last quarter. American Century Companies Inc. lifted its position in shares of DXC Technology by 20.8% during the second quarter. American Century Companies Inc. now owns 3,991,295 shares of the company's stock worth $76,194,000 after purchasing an additional 687,522 shares in the last quarter. Millennium Management LLC grew its stake in shares of DXC Technology by 352.6% during the second quarter. Millennium Management LLC now owns 625,197 shares of the company's stock valued at $11,935,000 after purchasing an additional 487,072 shares during the last quarter. Finally, Canada Pension Plan Investment Board increased its holdings in shares of DXC Technology by 3,173.3% in the second quarter. Canada Pension Plan Investment Board now owns 451,712 shares of the company's stock valued at $8,623,000 after purchasing an additional 437,912 shares in the last quarter. Institutional investors and hedge funds own 96.20% of the company's stock.

DXC Technology Trading Down 0.7 %

Shares of DXC traded down $0.15 during trading hours on Wednesday, reaching $22.38. The stock had a trading volume of 692,188 shares, compared to its average volume of 2,094,617. The firm has a 50-day moving average of $20.86 and a 200 day moving average of $19.57. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 1.18. The company has a market cap of $4.05 billion, a P/E ratio of 281.66, a P/E/G ratio of 1.46 and a beta of 1.67. DXC Technology has a 52 week low of $14.78 and a 52 week high of $25.14.

DXC Technology (NYSE:DXC - Get Free Report) last announced its earnings results on Thursday, November 7th. The company reported $0.93 EPS for the quarter, topping the consensus estimate of $0.72 by $0.21. The firm had revenue of $3.24 billion for the quarter, compared to the consensus estimate 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 last year, the company posted $0.70 EPS. On average, sell-side analysts expect that DXC Technology will post 3.18 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on DXC. Susquehanna increased their price objective on DXC Technology from $19.00 to $23.00 and gave the company a "neutral" rating in a research report on Friday, November 8th. JPMorgan Chase & Co. lifted 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 upped their target price on shares of DXC Technology from $22.00 to $25.00 and gave the company a "market perform" rating in a research report on Monday, November 11th. Finally, Royal Bank of Canada lifted their price target on shares of DXC Technology from $18.00 to $20.00 and gave the stock a "sector perform" rating in a research report on Friday, August 9th. Two research analysts have rated the stock with a sell rating and seven have assigned a hold rating to the stock. According to MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $20.89.

Insider Activity at DXC Technology

In other DXC Technology 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 value of $53,425.00. Following the sale, the senior vice president now owns 83,746 shares in the company, valued at approximately $1,789,652.02. The trade was a 2.90 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 0.54% of the stock is currently owned by insiders.

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).