DXC Technology (NYSE:DXC) Stock Holdings Lowered by New York State Common Retirement Fund

New York State Common Retirement Fund decreased its stake in DXC Technology (NYSE:DXCFree Report) by 85.9% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 163,648 shares of the company’s stock after selling 996,920 shares during the quarter. New York State Common Retirement Fund’s holdings in DXC Technology were worth $3,409,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of the stock. BlackRock Inc. increased its position in shares of DXC Technology by 1.0% in the second quarter. BlackRock Inc. now owns 15,840,800 shares of the company’s stock worth $423,266,000 after acquiring an additional 162,032 shares in the last quarter. State Street Corp raised its stake in DXC Technology by 2.2% during the 2nd quarter. State Street Corp now owns 8,103,448 shares of the company’s stock valued at $216,524,000 after purchasing an additional 176,003 shares during the period. Dimensional Fund Advisors LP lifted its holdings in shares of DXC Technology by 16.0% in the second quarter. Dimensional Fund Advisors LP now owns 7,133,301 shares of the company’s stock valued at $190,598,000 after purchasing an additional 981,650 shares in the last quarter. Geode Capital Management LLC boosted its position in shares of DXC Technology by 1.6% in the second quarter. Geode Capital Management LLC now owns 5,087,942 shares of the company’s stock worth $135,828,000 after buying an additional 79,686 shares during the period. Finally, Clearbridge Investments LLC grew its holdings in shares of DXC Technology by 1.5% during the first quarter. Clearbridge Investments LLC now owns 4,895,097 shares of the company’s stock valued at $159,727,000 after buying an additional 74,007 shares in the last quarter. Hedge funds and other institutional investors own 88.09% of the company’s stock.

DXC Technology Stock Performance

Shares of DXC opened at $22.50 on Tuesday. The firm has a market cap of $4.11 billion, a price-to-earnings ratio of -11.78, a price-to-earnings-growth ratio of 2.28 and a beta of 1.87. The company’s fifty day moving average is $23.01 and its 200-day moving average is $21.97. The company has a quick ratio of 1.11, a current 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 $29.85.

DXC Technology (NYSE:DXCGet Free Report) last issued its quarterly earnings data on Thursday, February 1st. The company reported $0.87 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.77 by $0.10. DXC Technology had a negative net margin of 3.35% and a positive return on equity of 19.00%. The firm 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 company posted $0.95 earnings per share. DXC Technology’s revenue for the quarter was down 4.7% on a year-over-year basis. Equities analysts expect that DXC Technology will post 3.03 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on DXC. BMO Capital Markets reduced their price objective on DXC Technology from $25.00 to $23.00 and set a “market perform” rating for the company in a research note on Friday, November 3rd. Wolfe Research restated an “underperform” rating and set a $22.00 price target on shares of DXC Technology in a report on Tuesday, October 17th. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $24.00 price objective on shares of DXC Technology in a research report on Friday, February 2nd. Citigroup downgraded shares of 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 report on Wednesday, January 17th. Finally, JPMorgan Chase & Co. cut shares of DXC Technology from a “neutral” rating to an “underweight” rating and lowered their price target for the company from $27.00 to $24.00 in a report on Wednesday, January 24th. Three analysts have rated the stock with a sell rating and five have issued a hold rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $23.33.

Get Our Latest Stock Analysis on DXC

About DXC Technology

(Free Report)

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).

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Institutional Ownership by Quarter for DXC Technology (NYSE:DXC)

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