Clifford Capital Partners LLC Sells 31,293 Shares of DXC Technology (NYSE:DXC)

Clifford Capital Partners LLC trimmed its position in DXC Technology (NYSE:DXC) by 4.5% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 657,242 shares of the company’s stock after selling 31,293 shares during the period. DXC Technology makes up 2.7% of Clifford Capital Partners LLC’s holdings, making the stock its 25th biggest holding. Clifford Capital Partners LLC’s holdings in DXC Technology were worth $13,638,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. William B. Walkup & Associates Inc. purchased a new position in shares of DXC Technology in the second quarter valued at about $26,000. Mather Group LLC. raised its position in DXC Technology by 55.0% during the 2nd quarter. Mather Group LLC. now owns 1,637 shares of the company’s stock valued at $35,000 after purchasing an additional 581 shares during the last quarter. Family Firm Inc. purchased a new stake in DXC Technology in the 2nd quarter worth approximately $37,000. Fifth Third Bancorp grew its position in shares of DXC Technology by 40.1% in the 2nd quarter. Fifth Third Bancorp now owns 1,954 shares of the company’s stock worth $37,000 after buying an additional 559 shares during the last quarter. Finally, Matrix Trust Co purchased a new position in shares of DXC Technology during the third quarter valued at approximately $43,000. 96.20% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on DXC shares. JPMorgan Chase & Co. raised their price target on DXC Technology from $19.00 to $22.00 and gave the stock an “underweight” rating in a research note on Friday, September 6th. BMO Capital Markets raised their target price on shares of DXC Technology from $22.00 to $25.00 and gave the stock a “market perform” rating in a research report on Monday, November 11th. Royal Bank of Canada increased their price target on shares of DXC Technology from $18.00 to $20.00 and gave the stock a “sector perform” rating in a research note on Friday, August 9th. Finally, Susquehanna upped their target price on DXC Technology from $19.00 to $23.00 and gave the stock a “neutral” rating in a report on Friday, November 8th. 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 currently has an average rating of “Hold” and an average target price of $20.89.

DXC Technology Price Performance

Shares of DXC opened at $22.53 on Wednesday. The firm’s 50-day simple moving average is $20.84 and its two-hundred day simple moving average is $19.55. DXC Technology has a fifty-two week low of $14.78 and a fifty-two week high of $25.14. The stock has a market cap of $4.08 billion, a PE ratio of 281.66, a price-to-earnings-growth ratio of 1.46 and a beta of 1.67. The company has a debt-to-equity ratio of 1.18, a quick ratio of 1.25 and a current ratio of 1.25.

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

Insider Activity

In related news, SVP Christopher Anthony Voci sold 2,500 shares of the firm’s stock in a transaction that occurred on Friday, September 13th. The shares were sold at an average price of $21.37, for a total transaction of $53,425.00. Following the completion of the sale, the senior vice president now owns 83,746 shares of the company’s stock, valued at $1,789,652.02. This trade represents a 2.90 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.54% of the company’s stock.

DXC Technology Company 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).