DXC Technology (NYSE:DXC) Shares Sold by Federated Hermes Inc.

Federated Hermes Inc. reduced its position in shares of DXC Technology (NYSE:DXC) by 1.5% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 624,514 shares of the company’s stock after selling 9,515 shares during the period. Federated Hermes Inc. owned about 0.32% of DXC Technology worth $14,283,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in DXC. Versant Capital Management Inc increased its position in DXC Technology by 3,525.9% in the fourth 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. Headlands Technologies LLC bought a new position in shares of DXC Technology in the third quarter worth $67,000. NBC Securities Inc. bought a new position in shares of DXC Technology in the third quarter worth $94,000. CWM LLC boosted its stake in DXC Technology by 108.4% during the third quarter. CWM LLC now owns 6,952 shares of the company’s stock valued at $145,000 after buying an additional 3,616 shares in the last quarter. Finally, V Square Quantitative Management LLC bought a new position in DXC Technology during the third quarter valued at about $197,000. 96.20% of the stock is owned by institutional investors and hedge funds.

DXC Technology Price Performance

Shares of NYSE:DXC opened at $20.42 on Tuesday. DXC Technology has a 1-year low of $18.61 and a 1-year high of $28.89. The firm has a market capitalization of $3.73 billion, a PE ratio of -10.69, a PEG ratio of 1.81 and a beta of 1.85. The business’s 50 day moving average is $20.94 and its 200-day moving average is $21.93. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 1.15.

DXC Technology (NYSE:DXC) last announced its quarterly earnings data on Thursday, February 1st. The company reported $0.87 earnings per share for the quarter, topping the consensus estimate of $0.77 by $0.10. DXC Technology had a positive return on equity of 19.00% and a negative net margin of 3.35%. The company had revenue of $3.40 billion for the quarter, compared to analyst estimates of $3.36 billion. During the same quarter last year, the firm earned $0.95 EPS. DXC Technology’s revenue for the quarter was down 4.7% compared to the same quarter last year. Sell-side analysts predict that DXC Technology will post 3.03 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the company. Citigroup downgraded DXC Technology from a “neutral” rating to a “sell” rating and reduced their price objective for the stock from $24.00 to $21.00 in a research note on Wednesday, January 17th. JPMorgan Chase & Co. lowered DXC Technology from a “neutral” rating to an “underweight” rating and lowered their price objective for the company from $27.00 to $24.00 in a report on Wednesday, January 24th. Guggenheim initiated 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. Finally, Royal Bank of Canada reissued a “sector perform” rating and set a $24.00 price objective on shares of DXC Technology in a report on Friday, February 2nd. Three analysts have rated the stock with a sell rating and six have issued a hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $23.20.

Insider Buying and Selling

In related news, EVP William L. Deckelman, Jr. sold 18,102 shares of the firm’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 completion of the transaction, the executive vice president now owns 124,806 shares in the company, valued at approximately $2,712,034.38. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.87% of the stock is owned by corporate insiders.

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).