DXC Technology (NYSE:DXC) Stake Lessened by Gotham Asset Management LLC

Gotham Asset Management LLC decreased its holdings in shares of DXC Technology (NYSE:DXC) by 16.2% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 171,299 shares of the company’s stock after selling 33,217 shares during the quarter. Gotham Asset Management LLC’s holdings in DXC Technology were worth $3,423,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently bought and sold shares of DXC. Graham Capital Management L.P. grew its stake in DXC Technology by 487.4% during the 4th quarter. Graham Capital Management L.P. now owns 74,137 shares of the company’s stock valued at $1,481,000 after acquiring an additional 61,516 shares in the last quarter. Deutsche Bank AG grew its position in DXC Technology by 99.3% during the fourth 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 in the last quarter. Corton Capital Inc. purchased a new position in DXC Technology during the fourth quarter valued at approximately $278,000. Captrust Financial Advisors increased its stake in DXC Technology by 27.4% in the 4th quarter. Captrust Financial Advisors now owns 19,911 shares of the company’s stock valued at $398,000 after buying an additional 4,279 shares during the period. Finally, BNP Paribas Financial Markets lifted its position in DXC Technology by 83.2% in the 4th quarter. BNP Paribas Financial Markets now owns 23,464 shares of the company’s stock worth $469,000 after buying an additional 10,657 shares in the last quarter. 96.20% of the stock is owned by institutional investors and hedge funds.

DXC Technology Stock Down 3.7%

DXC stock opened at $16.31 on Thursday. The firm has a market cap of $2.95 billion, a PE ratio of -38.83, a PEG ratio of 1.16 and a beta of 1.18. DXC Technology has a 1 year low of $13.44 and a 1 year high of $24.83. The company has a fifty day simple moving average of $15.99 and a 200 day simple moving average of $19.14. The company has a current ratio of 1.34, a quick ratio of 1.34 and a debt-to-equity ratio of 1.12.

DXC Technology (NYSE:DXC) last posted its earnings results on Wednesday, May 14th. The company reported $0.84 earnings per share for the quarter, beating the consensus estimate of $0.76 by $0.08. DXC Technology had a positive return on equity of 20.70% and a negative net margin of 0.57%. Sell-side analysts anticipate that DXC Technology will post 3.35 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on DXC. Guggenheim restated a “neutral” rating on shares of DXC Technology in a report on Monday. Susquehanna reduced their price objective on DXC Technology from $23.00 to $16.00 and set a “neutral” rating for the company in a research report on Wednesday, April 23rd. Finally, Morgan Stanley upped their target price on DXC Technology from $20.00 to $22.00 and gave the stock an “equal weight” rating in a research report on Friday, January 31st. One equities research analyst has rated the stock with a sell rating and seven have given a hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $20.29.

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).