Louisiana State Employees Retirement System Sells 2,600 Shares of DXC Technology (NYSE:DXC)

Louisiana State Employees Retirement System reduced its holdings in shares of DXC Technology (NYSE:DXC) by 2.9% in the 3rd quarter, Holdings Channel.com reports. The fund owned 87,400 shares of the company’s stock after selling 2,600 shares during the period. Louisiana State Employees Retirement System’s holdings in DXC Technology were worth $1,814,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in the business. Pacer Advisors Inc. boosted its holdings 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 valued at $367,310,000 after buying an additional 4,489,924 shares during the last quarter. American Century Companies Inc. boosted its holdings in shares of DXC Technology by 20.8% in the 2nd quarter. American Century Companies Inc. now owns 3,991,295 shares of the company’s stock valued at $76,194,000 after buying an additional 687,522 shares during the last quarter. LSV Asset Management boosted its holdings in shares of DXC Technology by 0.8% in the 2nd 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 boosted its holdings in shares of DXC Technology by 1.8% in the 1st 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 during the last quarter. 96.20% of the stock is owned by institutional investors.

DXC Technology Stock Down 0.7 %

DXC opened at $20.78 on Thursday. DXC Technology has a fifty-two week low of $14.78 and a fifty-two week high of $25.14. 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 capitalization of $3.75 billion, a P/E ratio of 56.16, a P/E/G ratio of 1.77 and a beta of 1.67. The stock has a fifty day moving average of $20.60 and a 200-day moving average of $19.36.

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

Insider Transactions at DXC Technology

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

Wall Street Analysts Forecast Growth

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

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).