Hillsdale Investment Management Inc. Lowers Position in DXC Technology Company. $DXC

Hillsdale Investment Management Inc. decreased its stake in shares of DXC Technology Company. (NYSE:DXC) by 28.1% in the 1st quarter, HoldingsChannel.com reports. The firm owned 422,000 shares of the company’s stock after selling 165,300 shares during the quarter. Hillsdale Investment Management Inc.’s holdings in DXC Technology were worth $5,305,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Lido Advisors LLC boosted its holdings in shares of DXC Technology by 6.1% in the 4th quarter. Lido Advisors LLC now owns 17,383 shares of the company’s stock valued at $241,000 after purchasing an additional 1,003 shares during the last quarter. Fifth Third Bancorp increased its holdings in shares of DXC Technology by 116.0% during the 4th quarter. Fifth Third Bancorp now owns 2,102 shares of the company’s stock worth $31,000 after buying an additional 1,129 shares during the last quarter. Hantz Financial Services Inc. increased its holdings in shares of DXC Technology by 110.5% during the 4th quarter. Hantz Financial Services Inc. now owns 2,185 shares of the company’s stock worth $32,000 after buying an additional 1,147 shares during the last quarter. EverSource Wealth Advisors LLC raised its position in shares of DXC Technology by 240.6% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,737 shares of the company’s stock worth $27,000 after buying an additional 1,227 shares during the period. Finally, Focus Partners Wealth raised its position in shares of DXC Technology by 9.9% in the 3rd quarter. Focus Partners Wealth now owns 15,094 shares of the company’s stock worth $202,000 after buying an additional 1,357 shares during the period. Hedge funds and other institutional investors own 96.20% of the company’s stock.

Analyst Ratings Changes

DXC has been the subject of several research analyst reports. Wall Street Zen lowered DXC Technology from a “buy” rating to a “hold” rating in a research note on Saturday, March 28th. Morgan Stanley reduced their price objective on DXC Technology from $15.00 to $9.00 and set an “equal weight” rating on the stock in a research note on Thursday, May 14th. Stifel Nicolaus set a $12.00 target price on DXC Technology in a report on Friday, May 8th. Zacks Research downgraded shares of DXC Technology from a “hold” rating to a “strong sell” rating in a research report on Tuesday, May 12th. Finally, BMO Capital Markets dropped their target price on shares of DXC Technology from $17.00 to $10.00 and set a “market perform” rating for the company in a research report on Monday, May 11th. Six equities research analysts have rated the stock with a Hold rating and four have issued a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Reduce” and an average price target of $12.25.

DXC Technology Stock Performance

NYSE:DXC opened at $9.15 on Wednesday. The firm’s fifty day simple moving average is $9.25 and its 200 day simple moving average is $11.85. The company has a current ratio of 1.36, a quick ratio of 1.36 and a debt-to-equity ratio of 0.94. DXC Technology Company. has a twelve month low of $7.90 and a twelve month high of $15.68. The firm has a market capitalization of $1.50 billion, a price-to-earnings ratio of 152.58 and a beta of 0.82.

DXC Technology (NYSE:DXC) last announced its quarterly earnings results on Friday, May 8th. The company reported $0.77 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.70 by $0.07. DXC Technology had a return on equity of 17.24% and a net margin of 0.14%.The firm had revenue of $3.13 billion during the quarter, compared to the consensus estimate of $3.17 billion. During the same period in the prior year, the firm earned $0.84 EPS. The firm’s quarterly revenue was down 1.2% compared to the same quarter last year. As a group, equities research analysts expect that DXC Technology Company. will post 2.61 earnings per share for the current fiscal year.

Insider Buying and Selling at DXC Technology

In related news, CEO Raul J. Fernandez bought 28,051 shares of the firm’s stock in a transaction dated Monday, May 11th. The stock was bought at an average price of $8.90 per share, with a total value of $249,653.90. Following the completion of the transaction, the chief executive officer directly owned 844,052 shares of the company’s stock, valued at approximately $7,512,062.80. This represents a 3.44% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.13% of the stock is owned by insiders.

About DXC Technology

DXC Technology, headquartered in Tysons Corner, Virginia, is a global leader in IT services and solutions. The company was formed in 2017 through the merger of Computer Sciences Corporation (CSC) and the Enterprise Services business of Hewlett Packard Enterprise, combining decades of experience in consulting, systems integration and managed services. Since its inception, DXC has focused on helping clients modernize IT environments and drive digital transformation across their organizations.

DXC Technology’s core service offerings encompass cloud and platform services, applications and analytics, security, and workplace and mobility solutions.