DXC Technology Company. (NYSE:DXC) Shares Sold by Teacher Retirement System of Texas

Teacher Retirement System of Texas reduced its stake in DXC Technology Company. (NYSE:DXC) by 15.1% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 78,537 shares of the company’s stock after selling 14,021 shares during the period. Teacher Retirement System of Texas’ holdings in DXC Technology were worth $1,339,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the stock. New York State Teachers Retirement System increased its holdings in DXC Technology by 0.6% in the 1st quarter. New York State Teachers Retirement System now owns 220,890 shares of the company’s stock valued at $3,766,000 after purchasing an additional 1,301 shares in the last quarter. Waterfront Wealth Inc. acquired a new stake in DXC Technology in the 1st quarter valued at $266,000. Allspring Global Investments Holdings LLC increased its holdings in DXC Technology by 323.4% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 63,772 shares of the company’s stock valued at $1,106,000 after purchasing an additional 48,711 shares in the last quarter. Highland Capital Management LLC increased its holdings in DXC Technology by 25.0% in the 1st quarter. Highland Capital Management LLC now owns 14,809 shares of the company’s stock valued at $252,000 after purchasing an additional 2,959 shares in the last quarter. Finally, Robeco Institutional Asset Management B.V. increased its holdings in DXC Technology by 4.7% in the 1st quarter. Robeco Institutional Asset Management B.V. now owns 367,646 shares of the company’s stock valued at $6,268,000 after purchasing an additional 16,469 shares in the last quarter. 96.20% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages recently issued reports on DXC. Royal Bank Of Canada lowered their price target on DXC Technology from $27.00 to $18.00 and set a “sector perform” rating for the company in a report on Thursday, May 15th. Morgan Stanley lowered their target price on DXC Technology from $22.00 to $16.00 and set an “equal weight” rating for the company in a research note on Thursday, May 15th. JPMorgan Chase & Co. lowered their target price on DXC Technology from $22.00 to $18.00 and set an “underweight” rating for the company in a research note on Wednesday, May 21st. Susquehanna lowered their target price on DXC Technology from $23.00 to $16.00 and set a “neutral” rating for the company in a research note on Wednesday, April 23rd. Finally, Wall Street Zen downgraded DXC Technology from a “buy” rating to a “hold” rating in a research note on Saturday. One equities research analyst has rated the stock with a sell rating and six have issued a hold rating to the company’s stock. Based on data from MarketBeat.com, DXC Technology currently has a consensus rating of “Hold” and a consensus target price of $17.00.

DXC Technology Stock Down 5.4%

NYSE:DXC opened at $14.30 on Friday. The company has a market capitalization of $2.59 billion, a price-to-earnings ratio of 6.78, a price-to-earnings-growth ratio of 3.77 and a beta of 1.20. DXC Technology Company. has a one year low of $13.44 and a one year high of $24.83. The stock has a 50-day simple moving average of $15.47 and a 200 day simple moving average of $17.33. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.22 and a current ratio of 1.22.

DXC Technology (NYSE:DXC) last posted its quarterly earnings results on Wednesday, May 14th. The company reported $0.84 EPS for the quarter, topping analysts’ consensus estimates of $0.76 by $0.08. The business had revenue of $3.17 billion during the quarter, compared to the consensus estimate of $3.13 billion. DXC Technology had a return on equity of 19.36% and a net margin of 3.02%. The company’s revenue for the quarter was down 6.4% compared to the same quarter last year. During the same period last year, the firm earned $0.97 earnings per share. Sell-side analysts predict that DXC Technology Company. will post 3.35 EPS for the current fiscal year.

DXC Technology Profile

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).