DXC Technology (NYSE:DXC) Shares Sold by Heritage Wealth Management LLC

Heritage Wealth Management LLC decreased its holdings in shares of DXC Technology (NYSE:DXC) by 26.6% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,994 shares of the company’s stock after selling 721 shares during the quarter. Heritage Wealth Management LLC’s holdings in DXC Technology were worth $67,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Assetmark Inc. grew its holdings in shares of DXC Technology by 13,800.0% during the second quarter. Assetmark Inc. now owns 695 shares of the company’s stock worth $27,000 after buying an additional 690 shares in the last quarter. First Horizon Advisors Inc. grew its holdings in shares of DXC Technology by 166.6% during the third quarter. First Horizon Advisors Inc. now owns 909 shares of the company’s stock worth $31,000 after buying an additional 568 shares in the last quarter. FORA Capital LLC purchased a new stake in shares of DXC Technology during the second quarter worth $37,000. Spire Wealth Management grew its holdings in shares of DXC Technology by 59.6% during the third quarter. Spire Wealth Management now owns 1,312 shares of the company’s stock worth $44,000 after buying an additional 490 shares in the last quarter. Finally, Harvest Fund Management Co. Ltd purchased a new stake in shares of DXC Technology in the second quarter valued at about $58,000. 85.31% of the stock is owned by institutional investors and hedge funds.

A number of equities research analysts recently issued reports on DXC shares. BMO Capital Markets dropped their price objective on shares of DXC Technology from $50.00 to $45.00 and set an “outperform” rating for the company in a report on Thursday, November 4th. Moffett Nathanson lowered shares of DXC Technology from a “buy” rating to a “neutral” rating and set a $40.00 price objective for the company. in a report on Wednesday, September 22nd. Finally, Zacks Investment Research lowered shares of DXC Technology from a “buy” rating to a “hold” rating and set a $32.00 price objective for the company. in a report on Monday, November 29th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus price target of $42.08.

NYSE DXC opened at $33.99 on Friday. The firm’s 50-day moving average is $32.04 and its two-hundred day moving average is $35.36. DXC Technology has a 12 month low of $24.17 and a 12 month high of $44.18. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.08 and a quick ratio of 1.08. The stock has a market capitalization of $8.57 billion, a P/E ratio of 22.97, a PEG ratio of 0.34 and a beta of 2.37.

DXC Technology (NYSE:DXC) last posted its earnings results on Wednesday, November 3rd. The company reported $0.90 EPS for the quarter, beating the Zacks’ consensus estimate of $0.84 by $0.06. DXC Technology had a net margin of 2.32% and a return on equity of 15.76%. The company had revenue of $4.03 billion for the quarter, compared to analysts’ expectations of $4.12 billion. During the same quarter in the prior year, the company posted $0.64 earnings per share. As a group, analysts anticipate that DXC Technology will post 3.68 EPS for the current year.

About DXC Technology

DXC Technology Co provides technology consulting, outsourcing and support services. It operates through the following segments: Global Business Services (GBS) and Global Infrastructure Services (GIS). The GBS segment provides technology solutions that help clients address challenges and accelerates the digital transformations that is tailored to each client’s specific objectives.

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

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