Treasurer of the State of North Carolina Decreases Position in DXC Technology (NYSE:DXC)

Treasurer of the State of North Carolina trimmed its stake in DXC Technology (NYSE:DXCFree Report) by 5.0% in the 4th quarter, Holdings Channel.com reports. The firm owned 90,788 shares of the company’s stock after selling 4,773 shares during the period. Treasurer of the State of North Carolina’s holdings in DXC Technology were worth $2,076,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Versant Capital Management Inc lifted its position in DXC Technology by 3,525.9% in the fourth quarter. Versant Capital Management Inc now owns 2,103 shares of the company’s stock worth $48,000 after buying an additional 2,045 shares during the last quarter. GAMMA Investing LLC bought a new stake in shares of DXC Technology in the 4th quarter worth about $49,000. Headlands Technologies LLC purchased a new position in shares of DXC Technology during the 3rd quarter worth about $67,000. Quest Partners LLC bought a new position in DXC Technology during the 4th quarter valued at about $104,000. Finally, Quadrant Capital Group LLC raised its position in DXC Technology by 450.1% in the 4th quarter. Quadrant Capital Group LLC now owns 6,618 shares of the company’s stock worth $151,000 after purchasing an additional 5,415 shares during the period. Hedge funds and other institutional investors own 96.20% of the company’s stock.

DXC Technology Trading Up 2.7 %

NYSE DXC opened at $15.86 on Friday. DXC Technology has a one year low of $14.78 and a one year high of $28.89. The company has a debt-to-equity ratio of 1.25, a quick ratio of 1.17 and a current ratio of 1.17. The company has a market capitalization of $2.84 billion, a price-to-earnings ratio of 42.86, a price-to-earnings-growth ratio of 1.77 and a beta of 1.73. The company’s 50-day simple moving average is $18.98 and its two-hundred day simple moving average is $21.18.

DXC Technology (NYSE:DXCGet Free Report) last issued its quarterly earnings data on Thursday, May 16th. The company reported $0.97 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.83 by $0.14. The company had revenue of $3.39 billion for the quarter, compared to analyst estimates of $3.37 billion. DXC Technology had a net margin of 0.67% and a return on equity of 18.43%. DXC Technology’s revenue was down 5.6% compared to the same quarter last year. During the same period last year, the company posted $1.02 earnings per share. Equities analysts forecast that DXC Technology will post 2.73 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on DXC. Stifel Nicolaus cut their target price on DXC Technology from $21.00 to $19.00 and set a “hold” rating on the stock in a research note on Friday, May 17th. Guggenheim began coverage on DXC Technology in a research note on Tuesday, March 19th. They issued a “neutral” rating and a $22.00 target price on the stock. Susquehanna decreased their target price on DXC Technology from $22.00 to $15.00 and set a “neutral” rating for the company in a research report on Friday, May 17th. Royal Bank of Canada cut their price target on shares of DXC Technology from $24.00 to $18.00 and set a “sector perform” rating on the stock in a report on Friday, May 17th. Finally, TD Cowen decreased their price objective on shares of DXC Technology from $22.00 to $18.00 and set a “hold” rating for the company in a report on Tuesday, May 21st. Three analysts have rated the stock with a sell rating and eight have issued a hold rating to the company’s stock. According to data from MarketBeat.com, DXC Technology currently has a consensus rating of “Hold” and an average target price of $19.77.

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DXC Technology Profile

(Free Report)

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).

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

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