Cigna Investments Inc. New cut its holdings in DXC Technology Co (NYSE:DXC) by 10.7% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 6,742 shares of the company’s stock after selling 812 shares during the period. Cigna Investments Inc. New’s holdings in DXC Technology were worth $215,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the stock. FUKOKU MUTUAL LIFE INSURANCE Co lifted its holdings in DXC Technology by 19.8% in the fourth quarter. FUKOKU MUTUAL LIFE INSURANCE Co now owns 2,421 shares of the company’s stock valued at $91,000 after acquiring an additional 400 shares during the last quarter. Janney Montgomery Scott LLC lifted its holdings in DXC Technology by 2.4% in the third quarter. Janney Montgomery Scott LLC now owns 17,479 shares of the company’s stock valued at $516,000 after acquiring an additional 404 shares during the last quarter. DNB Asset Management AS lifted its holdings in DXC Technology by 0.5% in the fourth quarter. DNB Asset Management AS now owns 94,730 shares of the company’s stock valued at $3,561,000 after acquiring an additional 430 shares during the last quarter. Moors & Cabot Inc. lifted its holdings in DXC Technology by 5.7% in the fourth quarter. Moors & Cabot Inc. now owns 8,088 shares of the company’s stock valued at $306,000 after acquiring an additional 433 shares during the last quarter. Finally, River Wealth Advisors LLC lifted its holdings in DXC Technology by 7.2% in the third quarter. River Wealth Advisors LLC now owns 8,505 shares of the company’s stock valued at $251,000 after acquiring an additional 570 shares during the last quarter. Hedge funds and other institutional investors own 87.94% of the company’s stock.

A number of research analysts recently commented on DXC shares. Royal Bank of Canada decreased their price objective on DXC Technology from $67.00 to $43.00 and set an “outperform” rating on the stock in a report on Tuesday, November 12th. TheStreet cut DXC Technology from a “c-” rating to a “d+” rating in a report on Monday, November 11th. JPMorgan Chase & Co. boosted their target price on DXC Technology from $40.00 to $47.00 and gave the company an “overweight” rating in a research report on Wednesday, December 18th. Citigroup boosted their target price on DXC Technology from $40.00 to $41.00 and gave the company a “buy” rating in a research report on Wednesday, January 15th. Finally, Wells Fargo & Co boosted their target price on DXC Technology from $30.00 to $36.00 and gave the company an “underweight” rating in a research report on Friday, February 7th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and seven have issued a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $48.54.

Shares of NYSE DXC opened at $30.82 on Friday. The firm has a market cap of $7.82 billion, a price-to-earnings ratio of -4.93, a PEG ratio of 1.45 and a beta of 2.05. The company has a quick ratio of 0.95, a current ratio of 0.93 and a debt-to-equity ratio of 0.80. DXC Technology Co has a 52-week low of $26.02 and a 52-week high of $67.83. The business’s 50 day moving average is $34.52 and its two-hundred day moving average is $34.39.

DXC Technology (NYSE:DXC) last announced its earnings results on Thursday, February 6th. The company reported $1.25 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.08 by $0.17. The company had revenue of $5.02 billion for the quarter, compared to analyst estimates of $4.90 billion. DXC Technology had a positive return on equity of 16.98% and a negative net margin of 7.98%. The firm’s quarterly revenue was down 3.0% compared to the same quarter last year. During the same quarter in the previous year, the company earned $2.23 earnings per share. Analysts anticipate that DXC Technology Co will post 5.4 EPS for the current fiscal year.

DXC Technology Profile

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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