Rhumbline Advisers Sells 42,660 Shares of DXC Technology (NYSE:DXC)

Rhumbline Advisers reduced its stake in shares of DXC Technology (NYSE:DXC - Free Report) by 8.2% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 477,046 shares of the company's stock after selling 42,660 shares during the period. Rhumbline Advisers owned 0.26% of DXC Technology worth $9,107,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the stock. Quarry LP bought a new position in shares of DXC Technology in the 4th quarter worth about $51,000. Principal Financial Group Inc. raised its position in shares of DXC Technology by 323.0% in the 4th quarter. Principal Financial Group Inc. now owns 997,769 shares of the company's stock worth $22,819,000 after acquiring an additional 761,884 shares in the last quarter. BNP Paribas Financial Markets raised its position in shares of DXC Technology by 11.5% in the 1st quarter. BNP Paribas Financial Markets now owns 578,934 shares of the company's stock worth $12,279,000 after acquiring an additional 59,751 shares in the last quarter. GSA Capital Partners LLP bought a new position in shares of DXC Technology in the 1st quarter worth about $1,452,000. Finally, Mitsubishi UFJ Trust & Banking Corp raised its position in shares of DXC Technology by 16.9% in the 1st quarter. Mitsubishi UFJ Trust & Banking Corp now owns 133,344 shares of the company's stock worth $2,804,000 after acquiring an additional 19,240 shares in the last quarter. 96.20% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the company. BMO Capital Markets lifted their price objective on DXC Technology from $17.50 to $22.00 and gave the stock a "market perform" rating in a research report on Friday, August 9th. JPMorgan Chase & Co. upped their price target on DXC Technology from $19.00 to $22.00 and gave the stock an "underweight" rating in a research note on Friday, September 6th. Stifel Nicolaus dropped their price target on DXC Technology from $21.00 to $19.00 and set a "hold" rating on the stock in a research note on Friday, May 17th. Royal Bank of Canada upped their price target on DXC Technology from $18.00 to $20.00 and gave the stock a "sector perform" rating in a research note on Friday, August 9th. Finally, TD Cowen dropped their price target on DXC Technology from $22.00 to $18.00 and set a "hold" rating on the stock in a research note on Tuesday, May 21st. Three analysts have rated the stock with a sell rating and seven have assigned a hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $20.30.

DXC Technology Stock Up 2.3 %

DXC traded up $0.48 during midday trading on Friday, reaching $21.24. 609,148 shares of the company were exchanged, compared to its average volume of 2,307,698. The company has a debt-to-equity ratio of 1.21, a quick ratio of 1.21 and a current ratio of 1.21. The company's fifty day moving average price is $19.79 and its 200 day moving average price is $19.47. The company has a market cap of $3.84 billion, a price-to-earnings ratio of 57.38, a price-to-earnings-growth ratio of 1.82 and a beta of 1.67. DXC Technology has a one year low of $14.78 and a one year high of $25.14.

DXC Technology (NYSE:DXC - Get Free Report) last issued its quarterly earnings data on Thursday, August 8th. The company reported $0.74 EPS for the quarter, topping analysts' consensus estimates of $0.57 by $0.17. The firm had revenue of $3.24 billion during the quarter, compared to analyst estimates of $3.14 billion. DXC Technology had a return on equity of 19.20% and a net margin of 0.60%. As a group, analysts expect that DXC Technology will post 2.89 EPS for the current year.

Insider Activity

In other news, EVP Mary E. Finch sold 31,047 shares of the company's stock in a transaction that occurred on Monday, August 12th. The stock was sold at an average price of $19.36, for a total value of $601,069.92. Following the completion of the transaction, the executive vice president now directly owns 325,665 shares of the company's stock, valued at $6,304,874.40. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 0.54% of the stock is currently owned by corporate 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).