DXC Technology (NYSE:DXC) Shares Sold by Cwm LLC

Cwm LLC reduced its position in DXC Technology (NYSE:DXC) by 42.0% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 4,029 shares of the company’s stock after selling 2,923 shares during the quarter. Cwm LLC’s holdings in DXC Technology were worth $92,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in DXC. Invesco Ltd. raised its position in shares of DXC Technology by 9.5% in the third quarter. Invesco Ltd. now owns 17,080,376 shares of the company’s stock valued at $355,784,000 after buying an additional 1,478,484 shares during the last quarter. Pacer Advisors Inc. raised its holdings in 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. LSV Asset Management lifted its stake in DXC Technology by 0.7% in the 3rd quarter. LSV Asset Management now owns 3,553,327 shares of the company’s stock worth $74,016,000 after purchasing an additional 25,579 shares in the last quarter. Ameriprise Financial Inc. boosted its holdings in shares of DXC Technology by 0.3% during the 3rd quarter. Ameriprise Financial Inc. now owns 2,992,875 shares of the company’s stock worth $62,342,000 after purchasing an additional 8,235 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its position in shares of DXC Technology by 21.8% in the third quarter. Charles Schwab Investment Management Inc. now owns 2,541,257 shares of the company’s stock valued at $52,934,000 after purchasing an additional 455,115 shares in the last quarter. 96.20% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

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

Insider Buying and Selling at DXC Technology

In other news, EVP William L. Deckelman, Jr. sold 18,102 shares of the firm’s stock in a transaction on 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 directly owns 124,806 shares in the company, valued at $2,712,034.38. The transaction was disclosed in a document filed with the SEC, which is available at this link. 0.87% of the stock is owned by corporate insiders.

DXC Technology Stock Performance

Shares of DXC stock opened at $19.71 on Wednesday. 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 firm has a market cap of $3.60 billion, a P/E ratio of -10.32, a P/E/G ratio of 1.72 and a beta of 1.85. The firm’s 50 day moving average price is $20.60 and its 200-day moving average price is $21.80. DXC Technology has a one year low of $18.61 and a one year high of $28.89.

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).