Robeco Institutional Asset Management B.V. Has $1.65 Million Position in DXC Technology (NYSE:DXC)

Robeco Institutional Asset Management B.V. reduced its stake in shares of DXC Technology (NYSE:DXC) by 51.4% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 71,923 shares of the company’s stock after selling 76,042 shares during the quarter. Robeco Institutional Asset Management B.V.’s holdings in DXC Technology were worth $1,645,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Versant Capital Management Inc grew its position in shares of DXC Technology by 3,525.9% during the 4th quarter. Versant Capital Management Inc now owns 2,103 shares of the company’s stock worth $48,000 after buying an additional 2,045 shares during the period. GAMMA Investing LLC bought a new position in shares of DXC Technology during the 4th quarter valued at about $49,000. Headlands Technologies LLC bought a new position in shares of DXC Technology during the 3rd quarter valued at about $67,000. NBC Securities Inc. bought a new position in shares of DXC Technology during the 3rd quarter valued at about $94,000. Finally, Quadrant Capital Group LLC lifted its holdings in shares of DXC Technology by 450.1% during the 4th quarter. Quadrant Capital Group LLC now owns 6,618 shares of the company’s stock valued at $151,000 after purchasing an additional 5,415 shares in the last quarter. 96.20% of the stock is currently owned by institutional investors and hedge funds.

DXC Technology Trading Up 3.2 %

Shares of DXC Technology stock opened at $16.42 on Thursday. DXC Technology has a 12-month low of $15.44 and a 12-month high of $28.89. The stock has a market cap of $2.94 billion, a P/E ratio of 44.38, a P/E/G ratio of 1.85 and a beta of 1.85. The company has a quick ratio of 1.11, a current ratio of 1.17 and a debt-to-equity ratio of 1.25. The business’s 50 day moving average is $20.04 and its 200-day moving average is $21.65.

DXC Technology (NYSE:DXC) last announced its quarterly earnings data on Thursday, May 16th. The company reported $0.97 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.83 by $0.14. DXC Technology had a return on equity of 18.43% and a net margin of 0.67%. The company had revenue of $3.39 billion for the quarter, compared to analysts’ expectations of $3.37 billion. During the same quarter in the prior year, the business posted $1.02 EPS. The business’s revenue was down 5.6% compared to the same quarter last year. Equities research analysts predict that DXC Technology will post 2.74 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on DXC shares. BMO Capital Markets cut their price objective on DXC Technology from $23.00 to $17.50 and set a “market perform” rating on the stock in a report on Friday, May 17th. Guggenheim started coverage on DXC Technology in a report on Tuesday, March 19th. They set a “neutral” rating and a $22.00 price objective on the stock. Susquehanna cut their price objective on DXC Technology from $22.00 to $15.00 and set a “neutral” rating on the stock in a report on Friday, May 17th. TD Cowen cut their target price on DXC Technology from $22.00 to $18.00 and set a “hold” rating on the stock in a research note on Tuesday. Finally, Stifel Nicolaus cut their target price on DXC Technology from $21.00 to $19.00 and set a “hold” rating on the stock in a research note on Friday, May 17th. Three analysts have rated the stock with a sell rating and eight have assigned a hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $19.77.

Insider Transactions at DXC Technology

In other news, EVP William L. Deckelman, Jr. sold 18,102 shares of the company’s stock in a transaction that occurred 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 sale, the executive vice president now owns 124,806 shares in the company, valued at approximately $2,712,034.38. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 0.87% of the company’s stock.

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).