DXC Technology Company. (NYSE:DXC) Shares Sold by Fox Run Management L.L.C.

Fox Run Management L.L.C. cut its holdings in DXC Technology Company. (NYSE:DXC) by 31.5% in the 1st quarter, according to its most recent 13F filing with the SEC. The fund owned 47,423 shares of the company’s stock after selling 21,772 shares during the period. Fox Run Management L.L.C.’s holdings in DXC Technology were worth $809,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Byrne Asset Management LLC acquired a new position in DXC Technology in the 1st quarter valued at $33,000. Wealthquest Corp acquired a new position in DXC Technology in the 1st quarter valued at $49,000. Quarry LP raised its holdings in DXC Technology by 604.1% in the 4th quarter. Quarry LP now owns 3,978 shares of the company’s stock valued at $79,000 after acquiring an additional 3,413 shares during the last quarter. GAMMA Investing LLC raised its holdings in DXC Technology by 37.4% in the 1st quarter. GAMMA Investing LLC now owns 4,507 shares of the company’s stock valued at $77,000 after acquiring an additional 1,226 shares during the last quarter. Finally, Trajan Wealth LLC acquired a new position in DXC Technology in the 4th quarter valued at $206,000. 96.20% of the stock is currently owned by institutional investors and hedge funds.

DXC Technology Stock Down 0.4%

Shares of DXC Technology stock opened at $13.73 on Friday. The company has a fifty day moving average price of $14.65 and a 200 day moving average price of $16.22. The company has a current ratio of 1.22, a quick ratio of 1.22 and a debt-to-equity ratio of 0.90. DXC Technology Company. has a twelve month low of $12.24 and a twelve month high of $24.83. The stock has a market cap of $2.46 billion, a price-to-earnings ratio of 6.67 and a beta of 1.18.

DXC Technology (NYSE:DXC) last announced its quarterly earnings results on Thursday, July 31st. The company reported $0.68 earnings per share for the quarter, topping analysts’ consensus estimates of $0.64 by $0.04. DXC Technology had a net margin of 2.96% and a return on equity of 18.59%. The firm had revenue of $3.16 billion during the quarter, compared to analysts’ expectations of $3.06 billion. During the same period in the prior year, the company earned $0.74 EPS. The firm’s revenue was down 2.4% on a year-over-year basis. Equities research analysts forecast that DXC Technology Company. will post 3.35 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on DXC. BMO Capital Markets cut their price target on DXC Technology from $26.00 to $17.00 and set a “market perform” rating for the company in a report on Thursday, May 15th. Wall Street Zen raised shares of DXC Technology from a “hold” rating to a “buy” rating in a research note on Sunday, July 20th. Morgan Stanley lowered their price objective on shares of DXC Technology from $16.00 to $15.00 and set an “equal weight” rating for the company in a research note on Friday, August 1st. JPMorgan Chase & Co. lowered their price objective on shares of DXC Technology from $22.00 to $18.00 and set an “underweight” rating for the company in a research note on Wednesday, May 21st. Finally, Royal Bank Of Canada lowered their price objective on shares of DXC Technology from $18.00 to $16.00 and set a “sector perform” rating for the company in a research note on Friday, August 1st. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $16.40.

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).