DXC Technology (NYSE:DXC) Shares Sold by JPMorgan Chase & Co.

JPMorgan Chase & Co. lowered its stake in shares of DXC Technology (NYSE:DXC) by 37.4% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 515,098 shares of the company’s stock after selling 308,093 shares during the period. JPMorgan Chase & Co.’s holdings in DXC Technology were worth $10,292,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in DXC. Newbridge Financial Services Group Inc. lifted its stake in DXC Technology by 116.1% during the fourth quarter. Newbridge Financial Services Group Inc. now owns 1,675 shares of the company’s stock worth $33,000 after purchasing an additional 900 shares in the last quarter. Smartleaf Asset Management LLC lifted its stake in DXC Technology by 366.4% during the 4th quarter. Smartleaf Asset Management LLC now owns 2,999 shares of the company’s stock worth $60,000 after acquiring an additional 2,356 shares in the last quarter. Brown Lisle Cummings Inc. boosted its holdings in DXC Technology by 60.0% during the 4th quarter. Brown Lisle Cummings Inc. now owns 3,200 shares of the company’s stock valued at $64,000 after acquiring an additional 1,200 shares during the period. Matrix Trust Co grew its position in DXC Technology by 347.2% in the 4th quarter. Matrix Trust Co now owns 9,343 shares of the company’s stock valued at $187,000 after acquiring an additional 7,254 shares in the last quarter. Finally, Xponance Inc. acquired a new position in DXC Technology in the 4th quarter valued at about $213,000. Institutional investors and hedge funds own 96.20% of the company’s stock.

Analysts Set New Price Targets

Separately, Morgan Stanley increased their price target on shares of DXC Technology from $20.00 to $22.00 and gave the stock an “equal weight” rating in a research report on Friday, January 31st. One research analyst has rated the stock with a sell rating and six have assigned a hold rating to the stock. According to data from MarketBeat.com, DXC Technology currently has an average rating of “Hold” and a consensus target price of $21.29.

DXC Technology Price Performance

Shares of NYSE DXC opened at $14.70 on Tuesday. The company has a debt-to-equity ratio of 1.12, a current ratio of 1.34 and a quick ratio of 1.34. The company has a market cap of $2.66 billion, a price-to-earnings ratio of -35.00, a price-to-earnings-growth ratio of 1.16 and a beta of 1.37. The stock’s 50-day moving average is $17.78 and its two-hundred day moving average is $19.88. DXC Technology has a 1-year low of $13.44 and a 1-year high of $24.83.

DXC Technology (NYSE:DXC) last released its earnings results on Tuesday, February 4th. The company reported $0.92 earnings per share for the quarter, topping analysts’ consensus estimates of $0.69 by $0.23. DXC Technology had a negative net margin of 0.57% and a positive return on equity of 20.70%. Analysts forecast that DXC Technology will post 3.35 EPS for the current fiscal year.

DXC Technology Company Profile

DXC Technology Company, together with its subsidiaries, provides information technology services and solutions 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).