Argyle Capital Management Inc. Has $811,000 Stake in DXC Technology (NYSE:DXC)

Argyle Capital Management Inc. trimmed its position in shares of DXC Technology (NYSE:DXC) by 13.3% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 35,461 shares of the company’s stock after selling 5,429 shares during the period. Argyle Capital Management Inc.’s holdings in DXC Technology were worth $811,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the stock. Versant Capital Management Inc raised its holdings in DXC Technology by 3,525.9% in the 4th quarter. Versant Capital Management Inc now owns 2,103 shares of the company’s stock valued at $48,000 after buying an additional 2,045 shares during the last quarter. GAMMA Investing LLC acquired a new stake in DXC Technology in the 4th quarter valued at $49,000. Headlands Technologies LLC acquired a new stake in DXC Technology in the 3rd quarter valued at $67,000. NBC Securities Inc. acquired a new stake in DXC Technology in the 3rd quarter valued at $94,000. Finally, CWM LLC lifted its stake in DXC Technology by 108.4% during the 3rd quarter. CWM LLC now owns 6,952 shares of the company’s stock valued at $145,000 after acquiring an additional 3,616 shares in the last quarter. Institutional investors own 96.20% of the company’s stock.

Insider Activity

In other DXC Technology news, EVP William L. Deckelman, Jr. sold 18,102 shares of the firm’s stock in a transaction on Thursday, February 29th. The stock was sold at an average price of $21.73, for a total transaction of $393,356.46. Following the completion of the sale, the executive vice president now owns 124,806 shares of the company’s stock, valued at $2,712,034.38. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Company insiders own 0.87% of the company’s stock.

DXC Technology Trading Down 1.4 %

Shares of NYSE DXC traded down $0.29 during trading hours on Friday, hitting $20.08. 1,338,298 shares of the company traded hands, compared to its average volume of 1,447,324. The company’s 50 day moving average price is $20.85 and its 200 day moving average price is $21.89. The stock has a market capitalization of $3.67 billion, a price-to-earnings ratio of -10.51, a price-to-earnings-growth ratio of 1.81 and a beta of 1.85. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 1.15. DXC Technology has a 12 month low of $18.61 and a 12 month high of $28.89.

DXC Technology (NYSE:DXC) last issued its earnings results on Thursday, February 1st. The company reported $0.87 earnings per share for the quarter, topping the consensus estimate of $0.77 by $0.10. DXC Technology had a positive return on equity of 19.00% and a negative net margin of 3.35%. The business had revenue of $3.40 billion during the quarter, compared to analysts’ expectations of $3.36 billion. During the same period in the prior year, the business earned $0.95 EPS. The business’s revenue for the quarter was down 4.7% compared to the same quarter last year. On average, equities research analysts anticipate that DXC Technology will post 3.03 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

DXC has been the topic of a number of recent analyst reports. Guggenheim began coverage on DXC Technology in a research note on Tuesday, March 19th. They set a “neutral” rating and a $22.00 target price on the stock. Citigroup lowered DXC Technology from a “neutral” rating to a “sell” rating and cut their target price for the stock from $24.00 to $21.00 in a research note on Wednesday, January 17th. JPMorgan Chase & Co. lowered DXC Technology from a “neutral” rating to an “underweight” rating and cut their target price for the stock from $27.00 to $24.00 in a research note on Wednesday, January 24th. Finally, Royal Bank of Canada reiterated a “sector perform” rating and issued a $24.00 price objective on shares of DXC Technology in a research report on Friday, February 2nd. Three analysts have rated the stock with a sell rating and six have assigned a hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $23.20.

DXC Technology Company Profile

DXC Technology Company, together with its subsidiaries, provides information technology services and solutions primarily 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).