Arnhold LLC Sells 1,209 Shares of DXC Technology (NYSE:DXC)

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

Other institutional investors and hedge funds have also made changes to their positions in the company. Versant Capital Management Inc increased its stake in shares of DXC Technology by 3,525.9% during the fourth quarter. Versant Capital Management Inc now owns 2,103 shares of the company’s stock valued at $48,000 after purchasing an additional 2,045 shares in the last quarter. GAMMA Investing LLC purchased a new stake in shares of DXC Technology during the fourth quarter valued at approximately $49,000. Headlands Technologies LLC purchased a new stake in shares of DXC Technology during the third quarter valued at approximately $67,000. NBC Securities Inc. purchased a new stake in shares of DXC Technology during the third quarter valued at approximately $94,000. Finally, CWM LLC grew its holdings in shares of DXC Technology by 108.4% during the third quarter. CWM LLC now owns 6,952 shares of the company’s stock valued at $145,000 after buying an additional 3,616 shares during the last quarter. Institutional investors own 96.20% of the company’s stock.

Wall Street Analyst Weigh In

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

Insider Activity

In other DXC Technology news, EVP William L. Deckelman, Jr. sold 18,102 shares of DXC Technology stock in a transaction on Thursday, February 29th. The shares were sold at an average price of $21.73, for a total value of $393,356.46. Following the sale, the executive vice president now directly owns 124,806 shares in the company, valued at approximately $2,712,034.38. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 0.87% of the company’s stock.

DXC Technology Price Performance

Shares of DXC stock traded down $0.79 on Tuesday, hitting $19.49. 2,279,112 shares of the stock traded hands, compared to its average volume of 2,398,810. The firm has a market cap of $3.56 billion, a price-to-earnings ratio of -10.20, a PEG 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. The firm has a 50 day simple moving average of $20.82 and a two-hundred day simple moving average of $21.88. The company has a debt-to-equity ratio of 1.15, a current ratio of 1.11 and a quick ratio of 1.11.

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

DXC Technology Company 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).