Regent Investment Management LLC Has $4.45 Million Stake in DXC Technology Co (DXC)

Regent Investment Management LLC cut its holdings in shares of DXC Technology Co (NYSE:DXC) by 0.5% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 83,765 shares of the company’s stock after selling 405 shares during the period. DXC Technology makes up about 1.7% of Regent Investment Management LLC’s portfolio, making the stock its 13th largest holding. Regent Investment Management LLC’s holdings in DXC Technology were worth $4,454,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the company. Strategic Wealth Partners Ltd. grew its position in shares of DXC Technology by 3,925.0% during the 3rd quarter. Strategic Wealth Partners Ltd. now owns 322 shares of the company’s stock valued at $30,000 after acquiring an additional 314 shares during the period. IMS Capital Management acquired a new stake in DXC Technology in the 3rd quarter worth about $36,000. Gateway Investment Advisers LLC boosted its holdings in DXC Technology by 3.8% in the 4th quarter. Gateway Investment Advisers LLC now owns 13,438 shares of the company’s stock worth $714,000 after buying an additional 493 shares during the last quarter. Daiwa SB Investments Ltd. boosted its holdings in DXC Technology by 25.3% in the 3rd quarter. Daiwa SB Investments Ltd. now owns 2,820 shares of the company’s stock worth $264,000 after buying an additional 570 shares during the last quarter. Finally, Strs Ohio boosted its holdings in DXC Technology by 3.2% in the 3rd quarter. Strs Ohio now owns 23,976 shares of the company’s stock worth $2,242,000 after buying an additional 746 shares during the last quarter. Hedge funds and other institutional investors own 85.06% of the company’s stock.

DXC traded down $0.43 during trading on Tuesday, reaching $62.19. The company’s stock had a trading volume of 50,325 shares, compared to its average volume of 2,464,405. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.04 and a quick ratio of 1.04. DXC Technology Co has a 1 year low of $49.19 and a 1 year high of $107.85. The firm has a market capitalization of $17.54 billion, a price-to-earnings ratio of 7.83, a price-to-earnings-growth ratio of 1.16 and a beta of 1.35.

DXC Technology (NYSE:DXC) last released its earnings results on Tuesday, November 6th. The company reported $2.02 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.96 by $0.06. DXC Technology had a net margin of 8.15% and a return on equity of 19.07%. The business had revenue of $5.01 billion for the quarter, compared to analyst estimates of $5.30 billion. During the same period last year, the company posted $1.93 EPS. The business’s revenue was down 8.1% on a year-over-year basis. On average, equities analysts anticipate that DXC Technology Co will post 8.16 earnings per share for the current fiscal year.

DXC has been the topic of several research analyst reports. Moffett Nathanson initiated coverage on DXC Technology in a report on Thursday, October 4th. They issued a “buy” rating and a $95.00 price objective on the stock. Zacks Investment Research cut DXC Technology from a “buy” rating to a “hold” rating in a report on Tuesday, October 9th. BMO Capital Markets reiterated a “buy” rating on shares of DXC Technology in a report on Wednesday, October 24th. ValuEngine cut DXC Technology from a “hold” rating to a “sell” rating in a report on Wednesday, October 24th. Finally, Cantor Fitzgerald reiterated a “hold” rating and issued a $70.00 price objective on shares of DXC Technology in a report on Wednesday, November 7th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company. DXC Technology currently has an average rating of “Buy” and a consensus price target of $92.31.

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DXC Technology Company 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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