SG Americas Securities LLC Has $350,000 Holdings in DXC Technology (NYSE:DXC)

SG Americas Securities LLC lessened its position in shares of DXC Technology (NYSE:DXC - Free Report) by 52.8% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 17,520 shares of the company's stock after selling 19,572 shares during the period. SG Americas Securities LLC's holdings in DXC Technology were worth $350,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in the company. GAMMA Investing LLC lifted its stake in DXC Technology by 48.7% during the third quarter. GAMMA Investing LLC now owns 3,425 shares of the company's stock worth $71,000 after purchasing an additional 1,122 shares during the last quarter. Franklin Resources Inc. raised its holdings in shares of DXC Technology by 2.4% during the third quarter. Franklin Resources Inc. now owns 63,230 shares of the company's stock worth $1,272,000 after purchasing an additional 1,502 shares during the period. Matrix Trust Co bought a new position in shares of DXC Technology in the 3rd quarter worth about $43,000. Brooktree Capital Management boosted its holdings in shares of DXC Technology by 2.4% in the 3rd quarter. Brooktree Capital Management now owns 92,751 shares of the company's stock valued at $1,925,000 after buying an additional 2,150 shares during the period. Finally, Prospera Private Wealth LLC bought a new stake in shares of DXC Technology during the 3rd quarter valued at about $49,000. Institutional investors and hedge funds own 96.20% of the company's stock.

DXC Technology Stock Performance

Shares of DXC traded down $1.48 during trading hours on Friday, reaching $20.87. 1,528,591 shares of the company's stock traded hands, compared to its average volume of 1,090,052. The business's fifty day simple moving average is $21.05 and its two-hundred day simple moving average is $20.74. The firm has a market capitalization of $3.78 billion, a price-to-earnings ratio of 260.91, a P/E/G ratio of 1.41 and a beta of 1.65. The company has a debt-to-equity ratio of 1.18, a current ratio of 1.25 and a quick ratio of 1.25. DXC Technology has a twelve month low of $14.78 and a twelve month high of $24.83.

DXC Technology (NYSE:DXC - Get Free Report) last posted its quarterly earnings data on Tuesday, February 4th. The company reported $0.92 EPS for the quarter, beating analysts' consensus estimates of $0.69 by $0.23. DXC Technology had a net margin of 0.18% and a return on equity of 20.42%. Analysts predict that DXC Technology will post 3.17 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities analysts have issued reports on DXC shares. Morgan Stanley raised their target price on shares of DXC Technology from $20.00 to $22.00 and gave the stock an "equal weight" rating in a report on Friday, January 31st. Susquehanna raised their price target on DXC Technology from $19.00 to $23.00 and gave the stock a "neutral" rating in a report on Friday, November 8th. Finally, BMO Capital Markets upped their price objective on DXC Technology from $22.00 to $25.00 and gave the stock a "market perform" rating in a research note on Monday, November 11th. One research analyst has rated the stock with a sell rating and seven have assigned a hold rating to the company. According to MarketBeat.com, the company has an average rating of "Hold" and an average price target of $21.38.

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).