Bokf Na Has $679,000 Stock Position in DXC Technology (NYSE:DXC)

Bokf Na lowered its holdings in shares of DXC Technology (NYSE:DXC) by 17.9% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 32,277 shares of the company’s stock after selling 7,016 shares during the period. Bokf Na’s holdings in DXC Technology were worth $679,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. GAMMA Investing LLC purchased a new position in DXC Technology during the fourth quarter worth about $49,000. Quarry LP purchased a new stake in DXC Technology during the 4th quarter valued at $51,000. Quest Partners LLC purchased a new stake in DXC Technology during the 4th quarter valued at $104,000. Quadrant Capital Group LLC raised its holdings in DXC Technology by 450.1% in the 4th quarter. Quadrant Capital Group LLC now owns 6,618 shares of the company’s stock worth $151,000 after purchasing an additional 5,415 shares in the last quarter. Finally, EntryPoint Capital LLC bought a new position in DXC Technology in the 1st quarter worth $162,000. Institutional investors own 96.20% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently commented on DXC. Royal Bank of Canada cut their price objective on shares of DXC Technology from $24.00 to $18.00 and set a “sector perform” rating on the stock in a research report on Friday, May 17th. Stifel Nicolaus cut their target price on DXC Technology from $21.00 to $19.00 and set a “hold” rating for the company in a research report on Friday, May 17th. Morgan Stanley decreased their price target on DXC Technology from $21.00 to $18.00 and set an “equal weight” rating for the company in a research note on Friday, May 17th. Susquehanna boosted their price target on DXC Technology from $15.00 to $19.00 and gave the stock a “neutral” rating in a research report on Wednesday, June 12th. Finally, BMO Capital Markets reduced their target price on DXC Technology from $23.00 to $17.50 and set a “market perform” rating on the stock in a research report on Friday, May 17th. Three analysts have rated the stock with a sell rating and eight have given a hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $20.14.

DXC Technology Trading Down 1.2 %

DXC stock traded down $0.24 during midday trading on Monday, hitting $19.82. 92,872 shares of the company’s stock were exchanged, compared to its average volume of 2,546,060. The business has a 50-day simple moving average of $17.93 and a two-hundred day simple moving average of $19.99. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 1.25. The stock has a market capitalization of $3.57 billion, a PE ratio of 53.81, a P/E/G ratio of 2.29 and a beta of 1.73. DXC Technology has a 1-year low of $14.78 and a 1-year high of $28.01.

DXC Technology (NYSE:DXC) last issued its quarterly earnings data on Thursday, May 16th. The company reported $0.97 earnings per share for the quarter, beating analysts’ consensus estimates of $0.83 by $0.14. DXC Technology had a return on equity of 18.43% and a net margin of 0.67%. The business had revenue of $3.39 billion during the quarter, compared to analysts’ expectations of $3.37 billion. During the same period in the previous year, the firm posted $1.02 earnings per share. The company’s revenue was down 5.6% on a year-over-year basis. On average, sell-side analysts predict that DXC Technology will post 2.73 EPS for the current fiscal year.

About DXC Technology

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).