Teza Capital Management LLC Sells 10,523 Shares of DXC Technology (NYSE:DXC)

Teza Capital Management LLC decreased its stake in shares of DXC Technology (NYSE:DXC) by 35.5% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 19,150 shares of the company’s stock after selling 10,523 shares during the quarter. Teza Capital Management LLC’s holdings in DXC Technology were worth $383,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also modified their holdings of the company. American Century Companies Inc. boosted its holdings in DXC Technology by 18.5% in the 4th quarter. American Century Companies Inc. now owns 5,816,970 shares of the company’s stock valued at $116,223,000 after purchasing an additional 907,004 shares during the period. Norges Bank bought a new stake in DXC Technology in the 4th quarter valued at about $17,399,000. AQR Capital Management LLC boosted its holdings in DXC Technology by 43.8% in the 4th quarter. AQR Capital Management LLC now owns 1,943,649 shares of the company’s stock valued at $38,834,000 after purchasing an additional 591,841 shares during the period. Deutsche Bank AG boosted its holdings in DXC Technology by 99.3% in the 4th quarter. Deutsche Bank AG now owns 1,173,407 shares of the company’s stock valued at $23,445,000 after purchasing an additional 584,678 shares during the period. Finally, Brandywine Global Investment Management LLC bought a new stake in DXC Technology in the 4th quarter valued at about $11,078,000. Institutional investors own 96.20% of the company’s stock.

Analyst Ratings Changes

A number of research firms have issued reports on DXC. BMO Capital Markets cut their price objective on shares of DXC Technology from $26.00 to $17.00 and set a “market perform” rating for the company in a report on Thursday, May 15th. Royal Bank of Canada cut their price target on shares of DXC Technology from $27.00 to $18.00 and set a “sector perform” rating for the company in a report on Thursday, May 15th. Susquehanna cut 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. Morgan Stanley cut their price target on shares of DXC Technology from $22.00 to $16.00 and set an “equal weight” rating for the company in a report on Thursday, May 15th. Finally, Guggenheim reaffirmed a “neutral” rating on shares of DXC Technology in a report on Monday, May 12th. One investment analyst has rated the stock with a sell rating and six have assigned a hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $17.83.

DXC Technology Stock Performance

Shares of DXC Technology stock opened at $15.29 on Wednesday. The company has a 50 day moving average of $15.84 and a 200-day moving average of $18.99. DXC Technology has a 1-year low of $13.44 and a 1-year high of $24.83. 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 company has a market cap of $2.77 billion, a PE ratio of -36.40, a price-to-earnings-growth ratio of 1.16 and a beta of 1.18.

DXC Technology (NYSE:DXC) last issued its quarterly earnings results on Wednesday, May 14th. The company reported $0.84 earnings per share for the quarter, topping analysts’ consensus estimates of $0.76 by $0.08. The company had revenue of $3.17 billion during the quarter, compared to the consensus estimate of $3.13 billion. DXC Technology had a negative net margin of 0.57% and a positive return on equity of 20.70%. The firm’s quarterly revenue was down 6.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.97 EPS. As a group, equities research analysts forecast that DXC Technology will post 3.35 earnings per share 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).