96,900 Shares in DXC Technology (NYSE:DXC) Bought by Louisiana State Employees Retirement System

Louisiana State Employees Retirement System purchased a new stake in DXC Technology (NYSE:DXC) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 96,900 shares of the company’s stock, valued at approximately $2,216,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. State of Alaska Department of Revenue raised its stake in shares of DXC Technology by 388.6% during the 4th quarter. State of Alaska Department of Revenue now owns 119,130 shares of the company’s stock valued at $2,724,000 after buying an additional 94,748 shares during the last quarter. Ameriprise Financial Inc. increased its stake in shares of DXC Technology by 0.3% in the 3rd quarter. Ameriprise Financial Inc. now owns 2,992,875 shares of the company’s stock valued at $62,342,000 after purchasing an additional 8,235 shares in the last quarter. PNC Financial Services Group Inc. increased its stake in shares of DXC Technology by 9.9% in the 3rd quarter. PNC Financial Services Group Inc. now owns 63,800 shares of the company’s stock valued at $1,329,000 after purchasing an additional 5,735 shares in the last quarter. SG Americas Securities LLC increased its stake in shares of DXC Technology by 165.1% in the 4th quarter. SG Americas Securities LLC now owns 82,550 shares of the company’s stock valued at $1,888,000 after purchasing an additional 51,409 shares in the last quarter. Finally, Schroder Investment Management Group increased its stake in shares of DXC Technology by 338.4% in the 3rd quarter. Schroder Investment Management Group now owns 434,204 shares of the company’s stock valued at $9,044,000 after purchasing an additional 335,161 shares in the last quarter. 96.20% of the stock is owned by institutional investors and hedge funds.

Insider Activity at DXC Technology

In related news, EVP William L. Deckelman, Jr. sold 18,102 shares of the company’s stock in a transaction that occurred on Thursday, February 29th. The stock was sold at an average price of $21.73, for a total value of $393,356.46. Following the transaction, the executive vice president now directly owns 124,806 shares in the company, valued at $2,712,034.38. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.87% of the stock is currently owned by insiders.

Analyst Ratings Changes

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

DXC Technology Trading Down 1.0 %

Shares of DXC Technology stock opened at $19.79 on Thursday. The stock has a market cap of $3.62 billion, a P/E ratio of -10.36, a P/E/G ratio of 1.80 and a beta of 1.85. The stock’s 50 day simple moving average is $21.07 and its 200-day simple moving average is $21.95. DXC Technology has a 1-year low of $18.61 and a 1-year high of $28.89. The company has a debt-to-equity ratio of 1.15, a current ratio of 1.11 and a quick ratio of 1.11.

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. The business had revenue of $3.40 billion for the quarter, compared to analysts’ expectations of $3.36 billion. DXC Technology had a positive return on equity of 19.00% and a negative net margin of 3.35%. The business’s revenue for the quarter was down 4.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.95 EPS. Analysts predict that DXC Technology will post 3.03 EPS for the current fiscal year.

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).