DXC Technology (NYSE:DXC) Position Cut by Investment Management Associates Inc. ADV

Investment Management Associates Inc. ADV lowered its position in shares of DXC Technology (NYSE:DXC) by 28.0% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 385,585 shares of the company’s stock after selling 150,067 shares during the period. DXC Technology accounts for 3.4% of Investment Management Associates Inc. ADV’s portfolio, making the stock its 12th biggest holding. Investment Management Associates Inc. ADV owned about 0.21% of DXC Technology worth $7,704,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. State of Alaska Department of Revenue increased its holdings in shares of DXC Technology by 86.9% during the fourth quarter. State of Alaska Department of Revenue now owns 192,880 shares of the company’s stock valued at $3,853,000 after purchasing an additional 89,698 shares during the period. Barclays PLC grew its position in DXC Technology by 273.6% in the 3rd quarter. Barclays PLC now owns 85,831 shares of the company’s stock valued at $1,781,000 after buying an additional 62,857 shares in the last quarter. Point72 Asset Management L.P. acquired a new position in DXC Technology during the 3rd quarter valued at about $1,438,000. Dynamic Technology Lab Private Ltd bought a new stake in shares of DXC Technology during the 3rd quarter worth about $1,904,000. Finally, Royce & Associates LP raised its position in shares of DXC Technology by 124.7% during the 3rd quarter. Royce & Associates LP now owns 91,971 shares of the company’s stock worth $1,908,000 after buying an additional 51,041 shares in the last quarter. Institutional investors own 96.20% of the company’s stock.

DXC Technology Price Performance

NYSE DXC opened at $20.21 on Friday. DXC Technology has a 1 year low of $14.78 and a 1 year high of $24.83. The business’s fifty day moving average is $20.75 and its two-hundred day moving average is $20.76. The stock has a market capitalization of $3.66 billion, a P/E ratio of -48.11, a P/E/G ratio of 1.22 and a beta of 1.65. 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) last announced its earnings results on Tuesday, February 4th. The company reported $0.92 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.69 by $0.23. DXC Technology had a positive return on equity of 20.70% and a negative net margin of 0.57%. On average, research analysts forecast that DXC Technology will post 3.35 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

DXC has been the topic of a number of research analyst reports. Susquehanna raised their price objective on shares of DXC Technology from $19.00 to $23.00 and gave the company a “neutral” rating in a research note on Friday, November 8th. BMO Capital Markets lifted their price target on DXC Technology from $22.00 to $25.00 and gave the company a “market perform” rating in a research report on Monday, November 11th. Finally, 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 report on Friday, January 31st. One equities research analyst has rated the stock with a sell rating and seven have issued a hold rating to the stock. According to data from MarketBeat, the stock currently 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).