New York State Common Retirement Fund decreased its position in shares of DXC Technology (NYSE:DXC – Free Report) by 12.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 143,880 shares of the company’s stock after selling 19,768 shares during the period. New York State Common Retirement Fund’s holdings in DXC Technology were worth $3,291,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently added to or reduced their stakes in DXC. Versant Capital Management Inc grew its position in shares of DXC Technology by 3,525.9% during 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 in the last quarter. Headlands Technologies LLC bought a new stake in shares of DXC Technology in the 3rd quarter worth about $67,000. NBC Securities Inc. bought a new stake in shares of DXC Technology in the 3rd quarter worth about $94,000. V Square Quantitative Management LLC acquired a new stake in shares of DXC Technology in the 3rd quarter valued at about $197,000. Finally, Levin Capital Strategies L.P. bought a new position in shares of DXC Technology during the third quarter worth about $213,000. Institutional investors and hedge funds own 96.20% of the company’s stock.
Insider Buying and Selling at DXC Technology
In other DXC Technology news, EVP William L. Deckelman, Jr. sold 18,102 shares of the firm’s stock in a transaction that occurred on Thursday, February 29th. The shares were sold at an average price of $21.73, for a total value of $393,356.46. Following the sale, the executive vice president now owns 124,806 shares in the company, valued at $2,712,034.38. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.87% of the stock is currently owned by company insiders.
DXC Technology Stock Performance
Shares of DXC opened at $19.72 on Tuesday. The company has a debt-to-equity ratio of 1.15, a quick ratio of 1.11 and a current ratio of 1.11. DXC Technology has a 1 year low of $18.61 and a 1 year high of $28.89. The firm has a fifty day moving average of $20.64 and a 200-day moving average of $21.81. The company has a market cap of $3.61 billion, a price-to-earnings ratio of -10.32, a price-to-earnings-growth ratio of 1.72 and a beta of 1.85.
Wall Street Analysts Forecast Growth
DXC has been the topic of several research reports. JPMorgan Chase & Co. cut DXC Technology from a “neutral” rating to an “underweight” rating and cut their price objective for the company from $27.00 to $24.00 in a research note on Wednesday, January 24th. Citigroup cut DXC Technology from a “neutral” rating to a “sell” rating and reduced their price objective for the stock from $24.00 to $21.00 in a research note on Wednesday, January 17th. Guggenheim assumed coverage on shares of DXC Technology in a research note on Tuesday, March 19th. They set a “neutral” rating and a $22.00 target price for the company. Finally, Royal Bank of Canada restated a “sector perform” rating and issued a $24.00 price target 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 given a hold rating to the company’s stock. According to data from MarketBeat.com, DXC Technology presently has a consensus rating of “Hold” and a consensus price target of $23.20.
Check Out Our Latest Research Report on DXC
DXC Technology 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).
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