New York State Teachers Retirement System Has $4.44 Million Stock Holdings in DXC Technology (NYSE:DXC)

New York State Teachers Retirement System raised its position in shares of DXC Technology (NYSE:DXC) by 2.9% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 213,791 shares of the company’s stock after acquiring an additional 5,976 shares during the period. New York State Teachers Retirement System’s holdings in DXC Technology were worth $4,436,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in DXC. Wealth Enhancement Advisory Services LLC lifted its holdings in shares of DXC Technology by 24.2% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 15,519 shares of the company’s stock worth $322,000 after buying an additional 3,024 shares in the last quarter. Highland Capital Management LLC acquired a new stake in shares of DXC Technology during the 3rd quarter worth $231,000. Carolina Wealth Advisors LLC acquired a new stake in DXC Technology during the third quarter worth about $79,000. Twelve Points Wealth Management LLC raised its position in shares of DXC Technology by 79.2% in the 3rd quarter. Twelve Points Wealth Management LLC now owns 69,022 shares of the company’s stock valued at $1,432,000 after buying an additional 30,502 shares in the last quarter. Finally, Exchange Traded Concepts LLC bought a new position in DXC Technology in the third quarter valued at approximately $958,000. 96.20% of the stock is owned by institutional investors and hedge funds.

DXC Technology Price Performance

DXC stock opened at $21.43 on Thursday. The company has a debt-to-equity ratio of 1.21, a quick ratio of 1.21 and a current ratio of 1.21. DXC Technology has a 52-week low of $14.78 and a 52-week high of $25.14. The company has a market capitalization of $3.87 billion, a P/E ratio of 63.03, a PEG ratio of 1.75 and a beta of 1.67. The company has a fifty day moving average price of $20.62 and a 200-day moving average price of $19.39.

DXC Technology (NYSE:DXC) last announced its 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. DXC Technology had a return on equity of 19.20% and a net margin of 0.60%. The business had revenue of $3.24 billion for the quarter, compared to analysts’ expectations of $3.14 billion. As a group, equities analysts expect that DXC Technology will post 2.89 EPS for the current year.

Insider Transactions at DXC Technology

In other DXC Technology news, EVP Mary E. Finch sold 31,047 shares of the stock in a transaction dated Monday, August 12th. The stock was sold at an average price of $19.36, for a total transaction of $601,069.92. Following the completion of the sale, the executive vice president now directly owns 325,665 shares in the company, valued at approximately $6,304,874.40. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In other DXC Technology news, EVP Mary E. Finch sold 31,047 shares of DXC Technology stock in a transaction on Monday, August 12th. The shares were sold at an average price of $19.36, for a total value of $601,069.92. Following the completion of the sale, the executive vice president now directly owns 325,665 shares of the company’s stock, valued at approximately $6,304,874.40. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, SVP Christopher Anthony Voci sold 2,500 shares of the firm’s stock in a transaction dated Friday, September 13th. The shares were sold at an average price of $21.37, for a total value 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 ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.54% of the company’s stock.

Analyst Ratings Changes

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

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).