Mutual of America Capital Management LLC Decreases Position in DXC Technology Company. (NYSE:DXC)

Mutual of America Capital Management LLC lessened its position in shares of DXC Technology Company. (NYSE:DXC) by 3.9% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 26,365 shares of the company’s stock after selling 1,057 shares during the quarter. Mutual of America Capital Management LLC’s holdings in DXC Technology were worth $450,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Byrne Asset Management LLC acquired a new stake in DXC Technology in the 1st quarter worth about $33,000. Meeder Asset Management Inc. purchased a new stake in DXC Technology in the fourth quarter valued at approximately $55,000. Wealthquest Corp purchased a new position in DXC Technology during the first quarter worth approximately $49,000. Quarry LP boosted its holdings in shares of DXC Technology by 604.1% in the 4th quarter. Quarry LP now owns 3,978 shares of the company’s stock valued at $79,000 after purchasing an additional 3,413 shares during the last quarter. Finally, GAMMA Investing LLC increased its holdings in shares of DXC Technology by 37.4% during the 1st quarter. GAMMA Investing LLC now owns 4,507 shares of the company’s stock worth $77,000 after buying an additional 1,226 shares during the last quarter. 96.20% of the stock is owned by institutional investors and hedge funds.

DXC Technology Price Performance

NYSE DXC opened at $14.66 on Wednesday. The stock has a market capitalization of $2.66 billion, a PE ratio of 6.95 and a beta of 1.20. The company has a 50 day moving average price of $15.23 and a two-hundred day moving average price of $17.06. The company has a quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 0.86. DXC Technology Company. has a 12-month low of $13.44 and a 12-month high of $24.83.

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

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the stock. JPMorgan Chase & Co. lowered their price target on shares of DXC Technology from $22.00 to $18.00 and set an “underweight” rating for the company in a report on Wednesday, May 21st. Morgan Stanley lowered their price objective on DXC Technology from $22.00 to $16.00 and set an “equal weight” rating for the company in a report on Thursday, May 15th. Royal Bank Of Canada lowered their target price on shares of DXC Technology from $27.00 to $18.00 and set a “sector perform” rating for the company in a research note on Thursday, May 15th. BMO Capital Markets reduced their price target on shares of DXC Technology from $26.00 to $17.00 and set a “market perform” rating on the stock in a research report on Thursday, May 15th. Finally, Susquehanna reduced their price target on shares of DXC Technology from $23.00 to $16.00 and set a “neutral” rating for the company in a report on Wednesday, April 23rd. One analyst has rated the stock with a sell rating, five have given a hold rating and one has assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $17.00.

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).