Strs Ohio Makes New $1.04 Million Investment in DXC Technology (NYSE:DXC)

Strs Ohio bought a new position in DXC Technology (NYSE:DXC) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm bought 45,262 shares of the company’s stock, valued at approximately $1,035,000.

A number of other institutional investors have also bought and sold shares of DXC. Versant Capital Management Inc lifted its stake in DXC Technology by 3,525.9% in the 4th quarter. Versant Capital Management Inc now owns 2,103 shares of the company’s stock worth $48,000 after purchasing an additional 2,045 shares in the last quarter. Headlands Technologies LLC purchased a new position in DXC Technology in the 3rd quarter worth approximately $67,000. NBC Securities Inc. acquired a new stake in shares of DXC Technology during the 3rd quarter worth approximately $94,000. CWM LLC increased its holdings in shares of DXC Technology by 108.4% during the 3rd quarter. CWM LLC now owns 6,952 shares of the company’s stock worth $145,000 after buying an additional 3,616 shares during the last quarter. Finally, V Square Quantitative Management LLC acquired a new stake in shares of DXC Technology during the 3rd quarter worth approximately $197,000. 96.20% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the stock. Royal Bank of Canada restated a “sector perform” rating and set a $24.00 price target on shares of DXC Technology in a report on Friday, February 2nd. Citigroup downgraded shares of DXC Technology from a “neutral” rating to a “sell” rating and cut their price target for the stock from $24.00 to $21.00 in a report on Wednesday, January 17th. JPMorgan Chase & Co. downgraded shares of DXC Technology from a “neutral” rating to an “underweight” rating and cut their price target for the stock from $27.00 to $24.00 in a report on Wednesday, January 24th. Finally, Guggenheim assumed coverage on shares of DXC Technology in a report on Tuesday, March 19th. They set a “neutral” rating and a $22.00 price target for the company. Three equities research analysts have rated the stock with a sell rating and six have issued a hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $23.20.

Insider Transactions at DXC Technology

In other news, EVP William L. Deckelman, Jr. sold 18,102 shares of DXC Technology stock in a transaction on Thursday, February 29th. The shares were sold at an average price of $21.73, for a total transaction of $393,356.46. Following the completion of the sale, the executive vice president now directly owns 124,806 shares of the company’s stock, valued at approximately $2,712,034.38. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 0.87% of the company’s stock.

DXC Technology Stock Performance

Shares of DXC stock opened at $21.16 on Wednesday. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 1.15. DXC Technology has a 52 week low of $18.61 and a 52 week high of $28.89. The stock has a market capitalization of $3.87 billion, a PE ratio of -11.08, a P/E/G ratio of 1.81 and a beta of 1.85. The firm has a 50 day moving average of $20.94 and a two-hundred day moving average of $21.93.

DXC Technology (NYSE:DXC) last issued its quarterly earnings results on Thursday, February 1st. The company reported $0.87 EPS for the quarter, beating the consensus estimate of $0.77 by $0.10. DXC Technology had a negative net margin of 3.35% and a positive return on equity of 19.00%. The company had revenue of $3.40 billion during the quarter, compared to analysts’ expectations of $3.36 billion. During the same quarter last year, the company posted $0.95 EPS. The firm’s revenue was down 4.7% compared to the same quarter last year. On average, research analysts predict that DXC Technology will post 3.03 EPS for the current fiscal year.

DXC Technology Company Profile

DXC Technology Company, together with its subsidiaries, provides information technology services and solutions primarily 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).