DXC Technology (NYSE:DXC) Shares Acquired by State of Tennessee Department of Treasury

State of Tennessee Department of Treasury raised its position in shares of DXC Technology (NYSE:DXC) by 27.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 99,459 shares of the company’s stock after acquiring an additional 21,546 shares during the quarter. State of Tennessee Department of Treasury owned approximately 0.05% of DXC Technology worth $1,987,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. US Bancorp DE raised its holdings in shares of DXC Technology by 17.3% during the fourth quarter. US Bancorp DE now owns 13,406 shares of the company’s stock valued at $268,000 after acquiring an additional 1,977 shares during the last quarter. Sterling Capital Management LLC increased its holdings in shares of DXC Technology by 55.4% in the fourth quarter. Sterling Capital Management LLC now owns 10,748 shares of the company’s stock valued at $215,000 after purchasing an additional 3,833 shares during the last quarter. Principal Financial Group Inc. increased its holdings in shares of DXC Technology by 3.0% in the fourth quarter. Principal Financial Group Inc. now owns 877,399 shares of the company’s stock valued at $17,530,000 after purchasing an additional 25,573 shares during the last quarter. Royce & Associates LP increased its holdings in shares of DXC Technology by 35.7% in the fourth quarter. Royce & Associates LP now owns 124,813 shares of the company’s stock valued at $2,494,000 after purchasing an additional 32,842 shares during the last quarter. Finally, State of Alaska Department of Revenue increased its holdings in shares of DXC Technology by 86.9% in the fourth quarter. State of Alaska Department of Revenue now owns 192,880 shares of the company’s stock valued at $3,853,000 after purchasing an additional 89,698 shares during the last quarter. Institutional investors and hedge funds own 96.20% of the company’s stock.

DXC Technology Stock Performance

Shares of DXC Technology stock opened at $15.70 on Tuesday. The company has a debt-to-equity ratio of 1.12, a current ratio of 1.34 and a quick ratio of 1.34. The stock has a market capitalization of $2.84 billion, a price-to-earnings ratio of -37.38, a price-to-earnings-growth ratio of 1.16 and a beta of 1.37. The business has a 50-day moving average of $16.62 and a 200 day moving average of $19.50. DXC Technology has a 12 month low of $13.44 and a 12 month high of $24.83.

DXC Technology (NYSE:DXC) last issued its quarterly earnings results on Tuesday, February 4th. The company reported $0.92 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.69 by $0.23. DXC Technology had a negative net margin of 0.57% and a positive return on equity of 20.70%. As a group, sell-side analysts forecast that DXC Technology will post 3.35 earnings per share for the current year.

Analysts Set New Price Targets

Several research firms recently commented on DXC. Morgan Stanley increased their price target on DXC Technology from $20.00 to $22.00 and gave the company an “equal weight” rating in a report on Friday, January 31st. Susquehanna lowered their price objective on DXC Technology from $23.00 to $16.00 and set a “neutral” rating for the company in a research report on Wednesday, April 23rd. One investment analyst has rated the stock with a sell rating and six have issued a hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $20.29.

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).