DXC Technology Company. $DXC Holdings Lifted by State of Alaska Department of Revenue

State of Alaska Department of Revenue boosted its holdings in DXC Technology Company. (NYSE:DXC) by 23.6% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 370,768 shares of the company’s stock after acquiring an additional 70,782 shares during the quarter. State of Alaska Department of Revenue owned about 0.21% of DXC Technology worth $5,052,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. EverSource Wealth Advisors LLC boosted its position in shares of DXC Technology by 240.6% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,737 shares of the company’s stock valued at $27,000 after purchasing an additional 1,227 shares in the last quarter. Headlands Technologies LLC bought a new stake in DXC Technology during the second quarter worth approximately $39,000. Signaturefd LLC grew its position in DXC Technology by 187.3% in the second quarter. Signaturefd LLC now owns 3,054 shares of the company’s stock worth $47,000 after buying an additional 1,991 shares during the last quarter. Allworth Financial LP increased its holdings in shares of DXC Technology by 68.9% in the second quarter. Allworth Financial LP now owns 3,330 shares of the company’s stock valued at $51,000 after buying an additional 1,359 shares in the last quarter. Finally, Newbridge Financial Services Group Inc. lifted its position in shares of DXC Technology by 143.3% during the 2nd quarter. Newbridge Financial Services Group Inc. now owns 4,075 shares of the company’s stock valued at $62,000 after acquiring an additional 2,400 shares during the last quarter. 96.20% of the stock is owned by institutional investors and hedge funds.

DXC Technology Stock Up 2.4%

NYSE:DXC opened at $15.42 on Monday. The business’s fifty day moving average price is $14.08 and its 200 day moving average price is $14.06. The firm has a market capitalization of $2.68 billion, a price-to-earnings ratio of 7.59 and a beta of 1.04. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 0.71. DXC Technology Company. has a 1-year low of $11.82 and a 1-year high of $23.75.

DXC Technology (NYSE:DXC) last released its earnings results on Friday, October 31st. The company reported $0.84 earnings per share for the quarter, beating the consensus estimate of $0.71 by $0.13. The company had revenue of $3.16 billion for the quarter, compared to analysts’ expectations of $3.17 billion. DXC Technology had a return on equity of 17.83% and a net margin of 2.93%.The business’s revenue for the quarter was down 2.5% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.93 EPS. On average, sell-side analysts forecast that DXC Technology Company. will post 3.35 earnings per share for the current fiscal year.

Insider Activity at DXC Technology

In other news, SVP Christopher Anthony Voci sold 2,500 shares of the company’s stock in a transaction on Thursday, December 11th. The shares were sold at an average price of $15.15, for a total value of $37,875.00. Following the transaction, the senior vice president directly owned 88,605 shares of the company’s stock, valued at approximately $1,342,365.75. This represents a 2.74% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.61% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on DXC. Susquehanna set a $14.00 target price on DXC Technology and gave the stock a “neutral” rating in a report on Friday, October 31st. Wolfe Research lowered DXC Technology from a “strong-buy” rating to a “strong sell” rating in a research report on Thursday. Wall Street Zen raised DXC Technology from a “hold” rating to a “buy” rating in a research note on Sunday, November 9th. Stifel Nicolaus reduced their price objective on shares of DXC Technology from $15.00 to $14.00 and set a “hold” rating for the company in a research note on Friday, October 31st. Finally, Weiss Ratings reiterated a “sell (d)” rating on shares of DXC Technology in a report on Wednesday, October 8th. Six investment analysts have rated the stock with a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, DXC Technology has a consensus rating of “Reduce” and a consensus price target of $15.00.

About DXC Technology

DXC Technology, headquartered in Tysons Corner, Virginia, is a global leader in IT services and solutions. The company was formed in 2017 through the merger of Computer Sciences Corporation (CSC) and the Enterprise Services business of Hewlett Packard Enterprise, combining decades of experience in consulting, systems integration and managed services. Since its inception, DXC has focused on helping clients modernize IT environments and drive digital transformation across their organizations.

DXC Technology’s core service offerings encompass cloud and platform services, applications and analytics, security, and workplace and mobility solutions.