Wells Fargo & Company MN Sells 21,776 Shares of DXC Technology (NYSE:DXC)

Wells Fargo & Company MN lessened its stake in shares of DXC Technology (NYSE:DXC - Free Report) by 15.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 116,345 shares of the company's stock after selling 21,776 shares during the quarter. Wells Fargo & Company MN owned about 0.06% of DXC Technology worth $2,325,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Newbridge Financial Services Group Inc. grew its position in DXC Technology by 116.1% in the fourth quarter. Newbridge Financial Services Group Inc. now owns 1,675 shares of the company's stock worth $33,000 after buying an additional 900 shares during the last quarter. Meeder Asset Management Inc. acquired a new stake in DXC Technology during the 4th quarter valued at $55,000. Smartleaf Asset Management LLC boosted its position in shares of DXC Technology by 366.4% in the fourth 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 during the period. Brown Lisle Cummings Inc. boosted its position in shares of DXC Technology by 60.0% in the fourth 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 period. Finally, Matrix Trust Co grew its holdings in shares of DXC Technology by 347.2% during the fourth quarter. Matrix Trust Co now owns 9,343 shares of the company's stock valued at $187,000 after buying an additional 7,254 shares in the last quarter. Institutional investors own 96.20% of the company's stock.

DXC Technology Stock Up 0.4 %

Shares of NYSE DXC traded up $0.07 during trading hours on Tuesday, hitting $15.72. The stock had a trading volume of 749,718 shares, compared to its average volume of 1,757,784. The firm's 50-day moving average price is $16.62 and its two-hundred day moving average price is $19.50. DXC Technology has a 52 week low of $13.44 and a 52 week high of $24.83. The company has a market capitalization of $2.85 billion, a P/E ratio of -37.43, a P/E/G ratio of 1.16 and a beta of 1.37. The company has a debt-to-equity ratio of 1.12, a quick ratio of 1.34 and a current ratio of 1.34.

DXC Technology (NYSE:DXC - Get Free Report) last announced its quarterly earnings results on Tuesday, February 4th. The company reported $0.92 EPS 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%. Analysts anticipate that DXC Technology will post 3.35 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

DXC has been the subject of a number of research reports. Morgan Stanley raised their price objective on DXC Technology from $20.00 to $22.00 and gave the stock an "equal weight" rating in a research report on Friday, January 31st. Susquehanna decreased their price target on shares of DXC Technology from $23.00 to $16.00 and set a "neutral" rating for the company in a report on Wednesday, April 23rd. One analyst has rated the stock with a sell rating and six have issued a hold rating to the company's stock. Based on data from MarketBeat.com, DXC Technology currently has an average rating of "Hold" and an average target price of $20.29.

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).