DXC Technology Company. (NYSE:DXC) Shares Sold by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC decreased its holdings in DXC Technology Company. (NYSE:DXC) by 7.6% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 14,425 shares of the company’s stock after selling 1,185 shares during the quarter. Nisa Investment Advisors LLC’s holdings in DXC Technology were worth $246,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Twelve Points Wealth Management LLC lifted its holdings in DXC Technology by 22.2% in the first quarter. Twelve Points Wealth Management LLC now owns 101,974 shares of the company’s stock valued at $1,739,000 after acquiring an additional 18,507 shares during the last quarter. Principal Financial Group Inc. increased its holdings in DXC Technology by 2.4% in the first quarter. Principal Financial Group Inc. now owns 898,356 shares of the company’s stock valued at $15,317,000 after buying an additional 20,957 shares during the last quarter. New York State Teachers Retirement System increased its holdings in DXC Technology by 0.6% in the first quarter. New York State Teachers Retirement System now owns 220,890 shares of the company’s stock valued at $3,766,000 after buying an additional 1,301 shares during the last quarter. Waterfront Wealth Inc. purchased a new position in DXC Technology in the first quarter valued at $266,000. Finally, Allspring Global Investments Holdings LLC grew its holdings in shares of DXC Technology by 323.4% during the first quarter. Allspring Global Investments Holdings LLC now owns 63,772 shares of the company’s stock worth $1,106,000 after purchasing an additional 48,711 shares during the last quarter. Institutional investors and hedge funds own 96.20% of the company’s stock.

DXC Technology Price Performance

NYSE DXC opened at $14.57 on Friday. The company has a 50-day moving average price of $15.36 and a two-hundred day moving average price of $17.19. The company has a current ratio of 1.22, a quick ratio of 1.22 and a debt-to-equity ratio of 0.86. The stock has a market cap of $2.64 billion, a price-to-earnings ratio of 6.90 and a beta of 1.20. DXC Technology Company. has a 52 week low of $13.44 and a 52 week high of $24.83.

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

Analyst Ratings Changes

Several brokerages have recently weighed in on DXC. Susquehanna decreased their target price on shares of DXC Technology from $23.00 to $16.00 and set a “neutral” rating for the company in a research note on Wednesday, April 23rd. Wall Street Zen downgraded shares of DXC Technology from a “buy” rating to a “hold” rating in a research report on Saturday, July 12th. JPMorgan Chase & Co. reduced their price objective on DXC Technology from $22.00 to $18.00 and set an “underweight” rating on the stock in a research report on Wednesday, May 21st. BMO Capital Markets lowered their target price on shares of DXC Technology from $26.00 to $17.00 and set a “market perform” rating for the company in a research note on Thursday, May 15th. Finally, Morgan Stanley lowered their target price on shares of 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. One analyst has rated the stock with a sell rating and six have assigned a hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $17.00.

DXC Technology Company 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).