Tidal Investments LLC Sells 4,749 Shares of DXC Technology (NYSE:DXC)

Tidal Investments LLC decreased its stake in shares of DXC Technology (NYSE:DXC) by 15.1% in the 3rd quarter, Holdings Channel reports. The fund owned 26,654 shares of the company’s stock after selling 4,749 shares during the quarter. Tidal Investments LLC’s holdings in DXC Technology were worth $553,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Sanctuary Advisors LLC bought a new position in DXC Technology during the 3rd quarter worth about $258,000. Barclays PLC boosted its position in shares of DXC Technology by 273.6% during the third quarter. Barclays PLC now owns 85,831 shares of the company’s stock worth $1,781,000 after buying an additional 62,857 shares during the period. M&T Bank Corp grew its holdings in shares of DXC Technology by 29.3% during the third quarter. M&T Bank Corp now owns 14,602 shares of the company’s stock worth $303,000 after buying an additional 3,309 shares in the last quarter. XTX Topco Ltd raised its position in DXC Technology by 294.7% in the 3rd quarter. XTX Topco Ltd now owns 53,686 shares of the company’s stock valued at $1,114,000 after buying an additional 40,085 shares during the last quarter. Finally, RBF Capital LLC bought a new stake in DXC Technology in the 3rd quarter valued at approximately $622,000. 96.20% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages have recently weighed in on DXC. BMO Capital Markets raised their price target on shares of DXC Technology from $22.00 to $25.00 and gave the stock a “market perform” rating in a research note on Monday, November 11th. Susquehanna raised their target price on shares of DXC Technology from $19.00 to $23.00 and gave the company a “neutral” rating in a research report on Friday, November 8th. Finally, JPMorgan Chase & Co. boosted their price target on shares of DXC Technology from $19.00 to $22.00 and gave the stock an “underweight” rating in a research report on Friday, September 6th. Two analysts have rated the stock with a sell rating and seven have assigned a hold rating to the company. Based on data from MarketBeat, DXC Technology has an average rating of “Hold” and a consensus price target of $20.89.

DXC Technology Trading Down 4.1 %

Shares of NYSE:DXC opened at $20.60 on Monday. DXC Technology has a 52-week low of $14.78 and a 52-week high of $24.83. The company has a debt-to-equity ratio of 1.18, a quick ratio of 1.25 and a current ratio of 1.25. The company has a market capitalization of $3.73 billion, a P/E ratio of 257.53, a price-to-earnings-growth ratio of 1.40 and a beta of 1.65. The company has a 50-day simple moving average of $21.34 and a 200 day simple moving average of $20.23.

DXC Technology (NYSE:DXC) last released its quarterly earnings data on Thursday, November 7th. The company reported $0.93 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.72 by $0.21. The company had revenue of $3.24 billion during the quarter, compared to analysts’ expectations of $3.21 billion. DXC Technology had a return on equity of 20.42% and a net margin of 0.18%. During the same period last year, the firm posted $0.70 earnings per share. Sell-side analysts forecast that DXC Technology will post 3.18 earnings per share for the current year.

DXC Technology 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).