DXC Technology (NYSE:DXC) Shares Sold by Russell Investments Group Ltd.

Russell Investments Group Ltd. lessened its position in shares of DXC Technology (NYSE:DXC - Free Report) by 23.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,440,543 shares of the company's stock after selling 429,771 shares during the quarter. Russell Investments Group Ltd. owned about 0.80% of DXC Technology worth $28,782,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Point72 Asset Management L.P. acquired a new position in shares of DXC Technology during the third quarter worth $1,438,000. XTX Topco Ltd grew its stake in DXC Technology by 294.7% during the 3rd quarter. XTX Topco Ltd now owns 53,686 shares of the company's stock worth $1,114,000 after buying an additional 40,085 shares during the last quarter. Barclays PLC increased its position in DXC Technology by 273.6% during the 3rd quarter. Barclays PLC now owns 85,831 shares of the company's stock valued at $1,781,000 after buying an additional 62,857 shares in the last quarter. M&T Bank Corp increased its position in DXC Technology by 29.3% during the 3rd quarter. M&T Bank Corp now owns 14,602 shares of the company's stock valued at $303,000 after buying an additional 3,309 shares in the last quarter. Finally, Sanctuary Advisors LLC purchased a new stake in DXC Technology in the third quarter valued at about $258,000. Hedge funds and other institutional investors own 96.20% of the company's stock.

DXC Technology Stock Performance

Shares of DXC stock traded up $0.47 during mid-day trading on Monday, reaching $14.92. The stock had a trading volume of 184,718 shares, compared to its average volume of 1,718,150. DXC Technology has a 1-year low of $13.44 and a 1-year high of $24.83. The firm has a market cap of $2.70 billion, a price-to-earnings ratio of -35.52, a PEG ratio of 1.16 and a beta of 1.37. The company has a current ratio of 1.34, a quick ratio of 1.34 and a debt-to-equity ratio of 1.12. The business's fifty day moving average is $17.93 and its 200-day moving average is $19.93.

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DXC Technology (NYSE:DXC - Get Free Report) last issued 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, research analysts forecast that DXC Technology will post 3.35 earnings per share for the current year.

Analyst Ratings Changes

Separately, Morgan Stanley boosted their price target on DXC Technology from $20.00 to $22.00 and gave the stock an "equal weight" rating in a research note on Friday, January 31st. One research analyst has rated the stock with a sell rating and six have issued a hold rating to the company. According to MarketBeat, the company has an average rating of "Hold" and an average target price of $21.29.

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).