DXC Technology Co (DXC) Shares Sold by Barings LLC

Barings LLC cut its stake in DXC Technology Co (NYSE:DXC) by 30.0% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 45,970 shares of the company’s stock after selling 19,706 shares during the period. Barings LLC’s holdings in DXC Technology were worth $2,444,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in DXC. Strategic Wealth Partners Ltd. lifted its position in DXC Technology by 3,925.0% during the 3rd quarter. Strategic Wealth Partners Ltd. now owns 322 shares of the company’s stock worth $30,000 after buying an additional 314 shares in the last quarter. IMS Capital Management bought a new stake in DXC Technology during the 3rd quarter worth about $36,000. Benjamin F. Edwards & Company Inc. lifted its position in DXC Technology by 148.9% during the 4th quarter. Benjamin F. Edwards & Company Inc. now owns 585 shares of the company’s stock worth $31,000 after buying an additional 350 shares in the last quarter. Rational Advisors LLC lifted its position in DXC Technology by 203.5% during the 4th quarter. Rational Advisors LLC now owns 695 shares of the company’s stock worth $37,000 after buying an additional 466 shares in the last quarter. Finally, CWM LLC lifted its position in DXC Technology by 144.8% during the 4th quarter. CWM LLC now owns 1,170 shares of the company’s stock worth $62,000 after buying an additional 692 shares in the last quarter. 86.21% of the stock is owned by hedge funds and other institutional investors.

Shares of DXC stock opened at $66.44 on Thursday. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.53. The stock has a market capitalization of $17.66 billion, a PE ratio of 8.37, a PEG ratio of 1.20 and a beta of 1.53. DXC Technology Co has a 52-week low of $49.19 and a 52-week high of $107.85.

DXC Technology (NYSE:DXC) last issued its earnings results on Thursday, February 7th. The company reported $2.23 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $2.04 by $0.19. The company had revenue of $5.18 billion for the quarter, compared to analysts’ expectations of $5.16 billion. DXC Technology had a net margin of 7.09% and a return on equity of 19.78%. DXC Technology’s quarterly revenue was down 5.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.86 EPS. As a group, equities analysts forecast that DXC Technology Co will post 8.24 earnings per share for the current year.

Several brokerages have commented on DXC. Zacks Investment Research raised shares of DXC Technology from a “hold” rating to a “buy” rating and set a $64.00 price target on the stock in a research report on Tuesday, January 8th. SunTrust Banks boosted their price target on shares of DXC Technology to $72.00 and gave the stock a “hold” rating in a research report on Monday, February 11th. ValuEngine cut shares of DXC Technology from a “sell” rating to a “strong sell” rating in a research report on Friday, November 2nd. Cantor Fitzgerald reissued a “hold” rating and set a $70.00 price target on shares of DXC Technology in a research report on Wednesday, November 7th. Finally, BMO Capital Markets cut their price target on shares of DXC Technology from $110.00 to $95.00 and set an “outperform” rating on the stock in a research report on Friday, November 2nd. One research analyst has rated the stock with a sell rating, three have issued a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the stock. DXC Technology presently has an average rating of “Buy” and an average price target of $91.42.

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About DXC Technology

DXC Technology Company, together with its subsidiaries, provides information technology services and solutions primarily in North America, Europe, Asia, and Australia. It operates through three segments: Global Business Services (GBS), Global Infrastructure Services (GIS), and United States Public Sector (USPS).

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Institutional Ownership by Quarter for DXC Technology (NYSE:DXC)

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