DXC Technology (NYSE:DXC) Stock Position Lessened by Gotham Asset Management LLC

Gotham Asset Management LLC reduced its stake in shares of DXC Technology (NYSE:DXC) by 16.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 171,299 shares of the company’s stock after selling 33,217 shares during the quarter. Gotham Asset Management LLC owned about 0.09% of DXC Technology worth $3,423,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. Newbridge Financial Services Group Inc. raised its position in shares of DXC Technology by 116.1% during the 4th 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 in the last quarter. Meeder Asset Management Inc. acquired a new position in shares of DXC Technology during the fourth quarter valued at approximately $55,000. Smartleaf Asset Management LLC raised its holdings in DXC Technology by 366.4% during the fourth quarter. Smartleaf Asset Management LLC now owns 2,999 shares of the company’s stock worth $60,000 after purchasing an additional 2,356 shares in the last quarter. Brown Lisle Cummings Inc. lifted its position in 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 purchasing an additional 1,200 shares during the period. Finally, Quarry LP lifted its position in DXC Technology by 604.1% in the fourth quarter. Quarry LP now owns 3,978 shares of the company’s stock worth $79,000 after purchasing an additional 3,413 shares during the period. Institutional investors and hedge funds own 96.20% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently issued reports on DXC. Guggenheim reiterated a “neutral” rating on shares of DXC Technology in a research report on Monday. Susquehanna lowered their target price on DXC Technology from $23.00 to $16.00 and set a “neutral” rating on the stock in a report on Wednesday, April 23rd. Finally, Morgan Stanley boosted their price target on shares of DXC Technology from $20.00 to $22.00 and gave the stock an “equal weight” rating in a research report on Friday, January 31st. One investment analyst has rated the stock with a sell rating and seven have assigned a hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $20.29.

DXC Technology Price Performance

Shares of NYSE:DXC opened at $16.31 on Thursday. The company has a market capitalization of $2.95 billion, a PE ratio of -38.83, a price-to-earnings-growth ratio of 1.16 and a beta of 1.18. 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 has a fifty day moving average of $15.99 and a 200-day moving average of $19.14. DXC Technology has a one year low of $13.44 and a one year high of $24.83.

DXC Technology (NYSE:DXC) last released its quarterly earnings results on Wednesday, May 14th. The company reported $0.84 earnings per share for the quarter, beating analysts’ consensus estimates of $0.76 by $0.08. DXC Technology had a positive return on equity of 20.70% and a negative net margin of 0.57%. As a group, equities analysts anticipate that DXC Technology will post 3.35 EPS for the current fiscal year.

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).