Lee Danner & Bass Inc. Sells 21,051 Shares of DXC Technology (NYSE:DXC)

Lee Danner & Bass Inc. trimmed its holdings in shares of DXC Technology (NYSE:DXC - Free Report) by 10.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 171,935 shares of the company's stock after selling 21,051 shares during the quarter. Lee Danner & Bass Inc. owned about 0.09% of DXC Technology worth $3,435,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Newbridge Financial Services Group Inc. grew its holdings in shares of DXC Technology by 116.1% during the fourth 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 in the last quarter. Prospera Private Wealth LLC bought a new stake in DXC Technology during the third quarter valued at approximately $49,000. Smartleaf Asset Management LLC grew its stake in DXC Technology by 366.4% in the 4th quarter. Smartleaf Asset Management LLC now owns 2,999 shares of the company's stock worth $60,000 after buying an additional 2,356 shares in the last quarter. Brown Lisle Cummings Inc. increased its holdings in shares of DXC Technology by 60.0% in the 4th quarter. Brown Lisle Cummings Inc. now owns 3,200 shares of the company's stock worth $64,000 after buying an additional 1,200 shares during the last quarter. Finally, Quest Partners LLC purchased a new stake in shares of DXC Technology during the 3rd quarter valued at $97,000. 96.20% of the stock is currently owned by institutional investors.

DXC Technology Trading Up 1.0 %

Shares of DXC traded up $0.17 during mid-day trading on Tuesday, reaching $17.15. The company's stock had a trading volume of 2,830,645 shares, compared to its average volume of 1,673,626. DXC Technology has a 52 week low of $14.79 and a 52 week high of $24.83. The stock has a market cap of $3.10 billion, a PE ratio of -40.83, a P/E/G ratio of 1.16 and a beta of 1.62. The company's fifty day moving average price is $19.60 and its two-hundred day moving average price is $20.47. The company has a current ratio of 1.34, a quick ratio of 1.34 and a debt-to-equity ratio of 1.12.

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DXC Technology (NYSE:DXC - Get Free Report) last posted its quarterly earnings results on Tuesday, February 4th. The company reported $0.92 earnings per share for the quarter, topping the consensus estimate of $0.69 by $0.23. DXC Technology had a negative net margin of 0.57% and a positive return on equity of 20.70%. On average, analysts predict that DXC Technology will post 3.35 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Separately, Morgan Stanley upped their target price on shares of DXC Technology from $20.00 to $22.00 and gave the stock an "equal weight" rating in a research 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 stock. According to data from MarketBeat, DXC Technology has a consensus rating of "Hold" and an average price target of $21.29.

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).