Oppenheimer Asset Management Inc. Trims Stock Position in DXC Technology Co (NYSE:DXC)

Oppenheimer Asset Management Inc. lowered its position in shares of DXC Technology Co (NYSE:DXC) by 14.3{b35c63bac5fac9ed648f97d4700fe9ffe9c190bec929f61ce1f7fc4e68d68241} in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 147,483 shares of the company’s stock after selling 24,511 shares during the period. Oppenheimer Asset Management Inc.’s holdings in DXC Technology were worth $2,433,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Rampart Investment Management Company LLC grew its stake in DXC Technology by 39.2{b35c63bac5fac9ed648f97d4700fe9ffe9c190bec929f61ce1f7fc4e68d68241} in the 2nd quarter. Rampart Investment Management Company LLC now owns 3,279 shares of the company’s stock worth $54,000 after buying an additional 924 shares in the last quarter. Signaturefd LLC lifted its holdings in shares of DXC Technology by 74.9{b35c63bac5fac9ed648f97d4700fe9ffe9c190bec929f61ce1f7fc4e68d68241} in the 2nd quarter. Signaturefd LLC now owns 2,206 shares of the company’s stock worth $36,000 after acquiring an additional 945 shares during the last quarter. Parallel Advisors LLC lifted its holdings in shares of DXC Technology by 75.0{b35c63bac5fac9ed648f97d4700fe9ffe9c190bec929f61ce1f7fc4e68d68241} in the 2nd quarter. Parallel Advisors LLC now owns 2,544 shares of the company’s stock worth $41,000 after acquiring an additional 1,090 shares during the last quarter. World Asset Management Inc lifted its holdings in shares of DXC Technology by 6.4{b35c63bac5fac9ed648f97d4700fe9ffe9c190bec929f61ce1f7fc4e68d68241} in the 2nd quarter. World Asset Management Inc now owns 18,200 shares of the company’s stock worth $300,000 after acquiring an additional 1,092 shares during the last quarter. Finally, New Mexico Educational Retirement Board lifted its holdings in shares of DXC Technology by 6.8{b35c63bac5fac9ed648f97d4700fe9ffe9c190bec929f61ce1f7fc4e68d68241} in the 2nd quarter. New Mexico Educational Retirement Board now owns 17,246 shares of the company’s stock worth $285,000 after acquiring an additional 1,100 shares during the last quarter. 85.64{b35c63bac5fac9ed648f97d4700fe9ffe9c190bec929f61ce1f7fc4e68d68241} of the stock is owned by institutional investors.

NYSE:DXC opened at $19.76 on Friday. The company has a fifty day moving average of $18.02 and a 200 day moving average of $17.91. DXC Technology Co has a 52 week low of $7.90 and a 52 week high of $38.37. The company has a quick ratio of 1.29, a current ratio of 1.29 and a debt-to-equity ratio of 2.09. The firm has a market capitalization of $4.88 billion, a P/E ratio of 4.76 and a beta of 2.35.

DXC Technology (NYSE:DXC) last issued its quarterly earnings data on Thursday, August 6th. The company reported $0.21 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.11 by $0.10. DXC Technology had a negative net margin of 29.90{b35c63bac5fac9ed648f97d4700fe9ffe9c190bec929f61ce1f7fc4e68d68241} and a positive return on equity of 14.79{b35c63bac5fac9ed648f97d4700fe9ffe9c190bec929f61ce1f7fc4e68d68241}. The business had revenue of $4.50 billion during the quarter, compared to analyst estimates of $4.32 billion. During the same period in the prior year, the business earned $1.74 EPS. The company’s revenue for the quarter was down 7.9{b35c63bac5fac9ed648f97d4700fe9ffe9c190bec929f61ce1f7fc4e68d68241} on a year-over-year basis. As a group, analysts anticipate that DXC Technology Co will post 2.24 EPS for the current year.

DXC has been the subject of a number of recent research reports. Morgan Stanley lowered their price objective on shares of DXC Technology from $35.00 to $33.00 and set an “overweight” rating for the company in a report on Friday, May 29th. Wells Fargo & Co restated a “sell” rating on shares of DXC Technology in a report on Friday, May 29th. Citigroup lowered their price objective on shares of DXC Technology from $31.00 to $26.00 and set a “buy” rating for the company in a report on Thursday, May 21st. Cfra lowered their price objective on shares of DXC Technology from $22.00 to $18.00 and set a “hold” rating for the company in a report on Friday, May 29th. Finally, Zacks Investment Research upgraded shares of DXC Technology from a “strong sell” rating to a “hold” rating and set a $19.00 price target for the company in a report on Thursday, August 6th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and four have issued a buy rating to the company. DXC Technology presently has an average rating of “Hold” and a consensus price target of $26.73.

About DXC Technology

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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