DXC Technology (NYSE:DXC) Shares Sold by Yousif Capital Management LLC

Yousif Capital Management LLC trimmed its position in DXC Technology (NYSE:DXC) by 0.8% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 78,115 shares of the company’s stock after selling 650 shares during the period. Yousif Capital Management LLC’s holdings in DXC Technology were worth $1,561,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently made changes to their positions in DXC. Pacer Advisors Inc. grew its stake in 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. JPMorgan Chase & Co. lifted its holdings 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 worth $17,081,000 after purchasing an additional 10,922 shares during the period. Assenagon Asset Management S.A. boosted its position 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 valued at $13,378,000 after buying an additional 656,167 shares during the last quarter. Robeco Institutional Asset Management B.V. increased its holdings in DXC Technology by 31.7% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 350,760 shares of the company’s stock worth $7,278,000 after buying an additional 84,524 shares during the period. Finally, Natixis Advisors LLC raised its position in DXC Technology by 22.3% during the 3rd quarter. Natixis Advisors LLC now owns 223,376 shares of the company’s stock worth $4,635,000 after buying an additional 40,771 shares during the last quarter. 96.20% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts have recently commented on DXC shares. Morgan Stanley upped their price objective on shares of DXC Technology from $20.00 to $22.00 and gave the company an “equal weight” rating in a report on Friday, January 31st. BMO Capital Markets boosted their target price on shares of 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, Susquehanna increased their price target on DXC Technology from $19.00 to $23.00 and gave the stock a “neutral” rating in a research report on Friday, November 8th. One investment analyst has rated the stock with a sell rating and seven have assigned a hold rating to the company. According to MarketBeat.com, DXC Technology has a consensus rating of “Hold” and an average price target of $21.38.

DXC Technology Stock Performance

Shares of DXC stock opened at $20.07 on Thursday. The company has a market capitalization of $3.63 billion, a P/E ratio of -47.78, a P/E/G ratio of 1.59 and a beta of 1.65. DXC Technology has a 12-month low of $14.78 and a 12-month high of $24.83. The business’s 50 day moving average is $20.92 and its two-hundred day moving average is $20.75. The company has a current ratio of 1.34, a quick ratio of 1.25 and a debt-to-equity ratio of 1.12.

DXC Technology (NYSE:DXC) last released its quarterly earnings results on Tuesday, February 4th. The company reported $0.92 earnings per share (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%. Analysts expect that DXC Technology will post 3.36 EPS for the current fiscal year.

DXC Technology Company 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).