State of Alaska Department of Revenue Cuts Holdings in DXC Technology (NYSE:DXC)

State of Alaska Department of Revenue decreased its holdings in DXC Technology (NYSE:DXC) by 1.8% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 103,182 shares of the company’s stock after selling 1,861 shares during the quarter. State of Alaska Department of Revenue’s holdings in DXC Technology were worth $2,141,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Pacer Advisors Inc. raised its position in shares of DXC Technology by 30.4% in the 2nd quarter. Pacer Advisors Inc. now owns 19,240,978 shares of the company’s stock worth $367,310,000 after acquiring an additional 4,489,924 shares in the last quarter. American Century Companies Inc. raised its holdings in DXC Technology by 20.8% in the second quarter. American Century Companies Inc. now owns 3,991,295 shares of the company’s stock worth $76,194,000 after purchasing an additional 687,522 shares in the last quarter. LSV Asset Management lifted its position in shares of DXC Technology by 0.8% during the second quarter. LSV Asset Management now owns 3,436,128 shares of the company’s stock valued at $65,596,000 after buying an additional 26,186 shares during the last quarter. CANADA LIFE ASSURANCE Co lifted its position in shares of DXC Technology by 1.8% during the first quarter. CANADA LIFE ASSURANCE Co now owns 3,184,365 shares of the company’s stock valued at $67,615,000 after buying an additional 55,467 shares during the last quarter. Finally, AQR Capital Management LLC boosted its holdings in shares of DXC Technology by 11.3% in the 2nd quarter. AQR Capital Management LLC now owns 2,117,753 shares of the company’s stock valued at $39,898,000 after buying an additional 215,692 shares in the last quarter. Hedge funds and other institutional investors own 96.20% of the company’s stock.

Insider Activity at DXC Technology

In other DXC Technology news, EVP Mary E. Finch sold 31,047 shares of the stock in a transaction that occurred on Monday, August 12th. The stock was sold at an average price of $19.36, for a total transaction of $601,069.92. Following the transaction, the executive vice president now owns 325,665 shares in the company, valued at approximately $6,304,874.40. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In related news, SVP Christopher Anthony Voci sold 2,500 shares of the company’s stock in a transaction dated Friday, September 13th. The shares were sold at an average price of $21.37, for a total transaction of $53,425.00. Following the completion of the sale, the senior vice president now owns 83,746 shares of the company’s stock, valued at approximately $1,789,652.02. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Mary E. Finch sold 31,047 shares of the business’s stock in a transaction that occurred on Monday, August 12th. The stock was sold at an average price of $19.36, for a total value of $601,069.92. Following the transaction, the executive vice president now owns 325,665 shares in the company, valued at approximately $6,304,874.40. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.54% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

DXC has been the subject of several recent analyst reports. JPMorgan Chase & Co. boosted their price objective on shares of DXC Technology from $19.00 to $22.00 and gave the stock an “underweight” rating in a research note on Friday, September 6th. Royal Bank of Canada raised their price objective on DXC Technology from $18.00 to $20.00 and gave the stock a “sector perform” rating in a research report on Friday, August 9th. Finally, BMO Capital Markets upped their target price on DXC Technology from $17.50 to $22.00 and gave the company a “market perform” rating in a research report on Friday, August 9th. Two analysts have rated the stock with a sell rating and seven have assigned a hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $20.11.

DXC Technology Stock Up 0.8 %

DXC Technology stock opened at $20.02 on Friday. The business’s 50-day simple moving average is $20.60 and its two-hundred day simple moving average is $19.37. The company has a debt-to-equity ratio of 1.21, a quick ratio of 1.21 and a current ratio of 1.21. The company has a market cap of $3.62 billion, a PE ratio of 58.88, a PEG ratio of 1.82 and a beta of 1.67. DXC Technology has a fifty-two week low of $14.78 and a fifty-two week high of $25.14.

DXC Technology (NYSE:DXC) last posted its quarterly earnings results on Thursday, August 8th. The company reported $0.74 EPS for the quarter, beating the consensus estimate of $0.57 by $0.17. The company had revenue of $3.24 billion for the quarter, compared to analyst estimates of $3.14 billion. DXC Technology had a net margin of 0.60% and a return on equity of 19.20%. Equities analysts anticipate that DXC Technology will post 2.89 EPS for the current year.

About DXC Technology

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).