SG Americas Securities LLC Sells 19,572 Shares of DXC Technology (NYSE:DXC)

SG Americas Securities LLC reduced its holdings in DXC Technology (NYSE:DXC) by 52.8% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 17,520 shares of the company’s stock after selling 19,572 shares during the quarter. SG Americas Securities LLC’s holdings in DXC Technology were worth $350,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of the stock. Pacer Advisors Inc. grew its holdings in shares of DXC Technology by 4.7% during the 3rd quarter. Pacer Advisors Inc. now owns 20,140,488 shares of the company’s stock valued at $417,915,000 after purchasing an additional 899,510 shares during the last quarter. Assenagon Asset Management S.A. lifted its holdings in DXC Technology by 4,893.5% in the fourth quarter. Assenagon Asset Management S.A. now owns 669,576 shares of the company’s stock worth $13,378,000 after buying an additional 656,167 shares during the period. Millennium Management LLC boosted its position in shares of DXC Technology by 352.6% during the second quarter. Millennium Management LLC now owns 625,197 shares of the company’s stock valued at $11,935,000 after purchasing an additional 487,072 shares in the last quarter. Moran Wealth Management LLC bought a new position in shares of DXC Technology in the 3rd quarter worth about $2,414,000. Finally, Dynamic Technology Lab Private Ltd purchased a new position in shares of DXC Technology during the third quarter valued at approximately $1,904,000. 96.20% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several analysts have commented on the company. BMO Capital Markets increased their target price on DXC Technology from $22.00 to $25.00 and gave the company a “market perform” rating in a research note on Monday, November 11th. Susquehanna upped their price target on DXC Technology from $19.00 to $23.00 and gave the stock a “neutral” rating in a research note on Friday, November 8th. Finally, Morgan Stanley increased their price objective on shares of DXC Technology from $20.00 to $22.00 and gave the company an “equal weight” rating in a research report on Friday. One investment analyst has rated the stock with a sell rating and seven have assigned a hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $21.38.

DXC Technology Trading Up 1.7 %

Shares of NYSE:DXC opened at $22.09 on Tuesday. DXC Technology has a 12-month low of $14.78 and a 12-month high of $24.83. The company has a market capitalization of $4.00 billion, a PE ratio of 276.10, a P/E/G ratio of 1.41 and a beta of 1.65. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 1.18. The business’s fifty day simple moving average is $21.09 and its 200-day simple moving average is $20.68.

DXC Technology (NYSE:DXC) last announced its quarterly earnings data on Thursday, November 7th. The company reported $0.93 earnings per share for the quarter, beating analysts’ consensus estimates of $0.72 by $0.21. The firm had revenue of $3.24 billion for the quarter, compared to analyst estimates of $3.21 billion. DXC Technology had a net margin of 0.18% and a return on equity of 20.42%. During the same period in the previous year, the company earned $0.70 earnings per share. As a group, equities research analysts predict that DXC Technology will post 3.17 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).