Romano Brothers AND Company Sells 4,535 Shares of DXC Technology (NYSE:DXC)

Romano Brothers AND Company lowered its position in DXC Technology (NYSE:DXC) by 22.9% in the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 15,252 shares of the company’s stock after selling 4,535 shares during the period. Romano Brothers AND Company’s holdings in DXC Technology were worth $349,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Louisiana State Employees Retirement System bought a new stake in shares of DXC Technology during the 4th quarter valued at $2,216,000. Cerity Partners LLC purchased a new stake in DXC Technology in the fourth quarter worth about $242,000. Equitable Trust Co. increased its stake in shares of DXC Technology by 6.9% during the fourth quarter. Equitable Trust Co. now owns 16,288 shares of the company’s stock valued at $373,000 after purchasing an additional 1,045 shares in the last quarter. New York State Teachers Retirement System lifted its holdings in shares of DXC Technology by 10.4% during the fourth quarter. New York State Teachers Retirement System now owns 257,615 shares of the company’s stock valued at $5,892,000 after purchasing an additional 24,291 shares during the last quarter. Finally, Advisors Preferred LLC bought a new stake in shares of DXC Technology in the 4th quarter worth approximately $1,503,000. Hedge funds and other institutional investors own 96.20% of the company’s stock.

Analyst Upgrades and Downgrades

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

Insider Buying and Selling at DXC Technology

In other DXC Technology news, EVP William L. Deckelman, Jr. sold 18,102 shares of the business’s 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 sale, the executive vice president now directly owns 124,806 shares in the company, valued at approximately $2,712,034.38. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 0.87% of the stock is owned by corporate insiders.

DXC Technology Price Performance

DXC opened at $20.30 on Monday. The firm has a 50 day moving average price of $21.15 and a 200-day moving average price of $21.97. DXC Technology has a twelve month low of $18.61 and a twelve month high of $28.89. 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 earnings results on Thursday, February 1st. The company reported $0.87 earnings per share for the quarter, beating analysts’ consensus estimates of $0.77 by $0.10. The business had revenue of $3.40 billion during the quarter, compared to analyst estimates 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 quarterly revenue was down 4.7% compared to the same quarter last year. During the same period in the previous year, the business earned $0.95 EPS. As a group, equities research analysts predict that DXC Technology will post 3.03 EPS for the current fiscal year.

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).