Arnhold LLC Has $18.29 Million Stock Holdings in DXC Technology (NYSE:DXC)

Arnhold LLC lessened its holdings in DXC Technology (NYSE:DXC) by 0.2% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 799,830 shares of the company’s stock after selling 1,209 shares during the quarter. DXC Technology accounts for approximately 2.0% of Arnhold LLC’s investment portfolio, making the stock its 14th biggest position. Arnhold LLC owned about 0.41% of DXC Technology worth $18,292,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Pacer Advisors Inc. lifted its stake in shares of DXC Technology by 86.8% in the 4th quarter. Pacer Advisors Inc. now owns 8,234,245 shares of the company’s stock valued at $188,317,000 after acquiring an additional 3,827,176 shares during the last quarter. Invesco Ltd. lifted its stake in shares of DXC Technology by 9.5% in the 3rd quarter. Invesco Ltd. now owns 17,080,376 shares of the company’s stock valued at $355,784,000 after acquiring an additional 1,478,484 shares during the last quarter. Jacobs Levy Equity Management Inc. lifted its stake in shares of DXC Technology by 3,407.2% in the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 1,411,199 shares of the company’s stock valued at $29,395,000 after acquiring an additional 1,370,962 shares during the last quarter. American Century Companies Inc. lifted its stake in shares of DXC Technology by 734.2% in the 3rd quarter. American Century Companies Inc. now owns 696,761 shares of the company’s stock valued at $14,514,000 after acquiring an additional 613,235 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its stake in shares of DXC Technology by 21.8% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,541,257 shares of the company’s stock valued at $52,934,000 after acquiring an additional 455,115 shares during the last quarter. Institutional investors and hedge funds own 96.20% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently issued reports on DXC. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $24.00 target price on shares of DXC Technology in a research report on Friday, February 2nd. Guggenheim began coverage on DXC Technology in a research report on Tuesday, March 19th. They set a “neutral” rating and a $22.00 target price for the company. Citigroup lowered DXC Technology from a “neutral” rating to a “sell” rating and lowered their target price for the stock from $24.00 to $21.00 in a research report on Wednesday, January 17th. Finally, JPMorgan Chase & Co. lowered DXC Technology from a “neutral” rating to an “underweight” rating and lowered their target price for the stock from $27.00 to $24.00 in a research report on Wednesday, January 24th. Three analysts have rated the stock with a sell rating and six have issued a hold rating to the company’s stock. According to data from MarketBeat, DXC Technology currently has a consensus rating of “Hold” and an average price target of $23.20.

DXC Technology Trading Down 3.9 %

Shares of DXC stock traded down $0.79 during mid-day trading on Tuesday, hitting $19.49. The company’s stock had a trading volume of 2,279,112 shares, compared to its average volume of 2,398,810. The company has a debt-to-equity ratio of 1.15, a quick ratio of 1.11 and a current ratio of 1.11. The company’s fifty day simple moving average is $20.82 and its 200-day simple moving average is $21.88. The company has a market cap of $3.56 billion, a PE ratio of -10.20, a P/E/G ratio of 1.81 and a beta of 1.85. DXC Technology has a 52 week low of $18.61 and a 52 week high of $28.89.

DXC Technology (NYSE:DXC) last issued its earnings results on Thursday, February 1st. The company reported $0.87 EPS for the quarter, beating the consensus estimate of $0.77 by $0.10. The company had revenue of $3.40 billion during the quarter, compared to the consensus estimate of $3.36 billion. DXC Technology had a positive return on equity of 19.00% and a negative net margin of 3.35%. The firm’s revenue for the quarter was down 4.7% compared to the same quarter last year. During the same period last year, the business posted $0.95 EPS. As a group, equities research analysts expect that DXC Technology will post 3.03 earnings per share for the current fiscal year.

Insider Activity

In other DXC Technology news, EVP William L. Deckelman, Jr. sold 18,102 shares of DXC Technology stock in a transaction dated Thursday, February 29th. The stock was sold at an average price of $21.73, for a total transaction of $393,356.46. Following the completion of the transaction, the executive vice president now owns 124,806 shares in the company, valued at approximately $2,712,034.38. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.87% of the stock is currently owned by company insiders.

DXC Technology Profile

DXC Technology Company, together with its subsidiaries, provides information technology services and solutions primarily 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).