Arnhold LLC Has $14.40 Million Holdings in DXC Technology (NYSE:DXC)

Arnhold LLC lowered its stake in shares of DXC Technology (NYSE:DXC) by 8.3% in the fourth quarter, Holdings Channel.com reports. The firm owned 720,590 shares of the company’s stock after selling 65,571 shares during the period. DXC Technology comprises approximately 1.4% of Arnhold LLC’s investment portfolio, making the stock its 26th biggest holding. Arnhold LLC’s holdings in DXC Technology were worth $14,397,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in DXC. Barclays PLC boosted its holdings in DXC Technology by 273.6% during the third quarter. Barclays PLC now owns 85,831 shares of the company’s stock worth $1,781,000 after purchasing an additional 62,857 shares during the last quarter. Sanctuary Advisors LLC purchased a new position in shares of DXC Technology in the 3rd quarter worth approximately $258,000. Franklin Resources Inc. grew its holdings in shares of DXC Technology by 2.4% in the third quarter. Franklin Resources Inc. now owns 63,230 shares of the company’s stock valued at $1,272,000 after acquiring an additional 1,502 shares in the last quarter. JPMorgan Chase & Co. increased its position in shares of DXC Technology by 1.3% during the third quarter. JPMorgan Chase & Co. now owns 823,191 shares of the company’s stock valued at $17,081,000 after acquiring an additional 10,922 shares during the last quarter. Finally, Range Financial Group LLC bought a new stake in DXC Technology during the fourth quarter worth $300,000. 96.20% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the company. Morgan Stanley upped their price objective on DXC Technology from $20.00 to $22.00 and gave the company an “equal weight” rating in a research note on Friday, January 31st. Susquehanna reduced their price target on shares of DXC Technology from $23.00 to $16.00 and set a “neutral” rating for the company in a research report on Wednesday. One research analyst has rated the stock with a sell rating and six have issued a hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $20.29.

DXC Technology Trading Up 1.3 %

Shares of DXC Technology stock opened at $15.35 on Friday. The stock has a market capitalization of $2.78 billion, a P/E ratio of -36.55, a P/E/G ratio of 1.16 and a beta of 1.37. DXC Technology has a 52-week low of $13.44 and a 52-week high of $24.83. The company has a debt-to-equity ratio of 1.12, a quick ratio of 1.34 and a current ratio of 1.34. The stock’s 50-day simple moving average is $16.83 and its 200 day simple moving average is $19.57.

DXC Technology (NYSE:DXC) last announced its quarterly earnings results 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 negative net margin of 0.57% and a positive return on equity of 20.70%. As a group, research analysts anticipate that DXC Technology will post 3.35 EPS for the current year.

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).