DXC Technology (NYSE:DXC) Shares Sold by Sei Investments Co.

Sei Investments Co. lowered its position in DXC Technology (NYSE:DXC - Free Report) by 5.8% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 267,220 shares of the company's stock after selling 16,441 shares during the period. Sei Investments Co. owned about 0.15% of DXC Technology worth $5,340,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the company. Arizona State Retirement System grew its stake in DXC Technology by 1.1% in the 4th quarter. Arizona State Retirement System now owns 52,475 shares of the company's stock valued at $1,048,000 after acquiring an additional 566 shares during the period. Highland Capital Management LLC grew its position in shares of DXC Technology by 6.6% in the fourth quarter. Highland Capital Management LLC now owns 11,850 shares of the company's stock valued at $237,000 after purchasing an additional 731 shares during the period. Corient Private Wealth LLC increased its stake in shares of DXC Technology by 2.3% during the fourth quarter. Corient Private Wealth LLC now owns 32,796 shares of the company's stock worth $655,000 after purchasing an additional 740 shares in the last quarter. Newbridge Financial Services Group Inc. raised its position in shares of DXC Technology by 116.1% during the 4th quarter. Newbridge Financial Services Group Inc. now owns 1,675 shares of the company's stock worth $33,000 after purchasing an additional 900 shares during the last quarter. Finally, CIBC Asset Management Inc lifted its stake in DXC Technology by 5.6% in the 4th quarter. CIBC Asset Management Inc now owns 17,976 shares of the company's stock valued at $359,000 after buying an additional 950 shares in the last quarter. 96.20% of the stock is owned by hedge funds and other institutional investors.

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Analyst Upgrades and Downgrades

Separately, Morgan Stanley increased their target price 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 analyst has rated the stock with a sell rating and six have assigned a hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and an average price target of $21.29.

DXC Technology Price Performance

Shares of DXC stock traded down $1.52 during trading hours on Friday, reaching $14.89. The company had a trading volume of 2,629,098 shares, compared to its average volume of 1,751,440. DXC Technology has a 12-month low of $14.71 and a 12-month high of $24.83. The company has a debt-to-equity ratio of 1.12, a quick ratio of 1.34 and a current ratio of 1.34. The company has a market capitalization of $2.70 billion, a price-to-earnings ratio of -35.46, a PEG ratio of 1.16 and a beta of 1.37. The stock has a fifty day moving average of $18.93 and a 200-day moving average of $20.22.

DXC Technology (NYSE:DXC - Get Free Report) last issued its 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, equities analysts anticipate that DXC Technology will post 3.35 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).