Public Employees Retirement Association of Colorado trimmed its position in DXC Technology Co (NYSE:DXC) by 9.2% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 49,902 shares of the company’s stock after selling 5,073 shares during the quarter. Public Employees Retirement Association of Colorado’s holdings in DXC Technology were worth $2,752,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in the business. Advisor Partners LLC boosted its holdings in shares of DXC Technology by 2.1% in the first quarter. Advisor Partners LLC now owns 8,341 shares of the company’s stock worth $536,000 after buying an additional 168 shares during the period. Commerce Bank boosted its holdings in shares of DXC Technology by 1.7% during the first quarter. Commerce Bank now owns 10,287 shares of the company’s stock worth $661,000 after purchasing an additional 172 shares during the period. Whittier Trust Co. boosted its holdings in shares of DXC Technology by 5.1% during the first quarter. Whittier Trust Co. now owns 3,741 shares of the company’s stock worth $241,000 after purchasing an additional 182 shares during the period. AGF Investments LLC boosted its holdings in shares of DXC Technology by 0.8% during the second quarter. AGF Investments LLC now owns 22,639 shares of the company’s stock worth $1,249,000 after purchasing an additional 189 shares during the period. Finally, Patten Group Inc. boosted its holdings in shares of DXC Technology by 2.0% during the first quarter. Patten Group Inc. now owns 11,124 shares of the company’s stock worth $715,000 after purchasing an additional 216 shares during the period. Institutional investors own 86.39% of the company’s stock.

In other news, EVP Joanne Mason sold 48,679 shares of DXC Technology stock in a transaction that occurred on Monday, June 17th. The shares were sold at an average price of $51.99, for a total value of $2,530,821.21. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO John M. Lawrie purchased 10,000 shares of the company’s stock in a transaction dated Tuesday, August 6th. The stock was purchased at an average cost of $49.56 per share, for a total transaction of $495,600.00. The disclosure for this purchase can be found here. Insiders acquired 22,066 shares of company stock valued at $1,153,043 over the last quarter. Corporate insiders own 0.81% of the company’s stock.

Several analysts recently commented on the stock. Zacks Investment Research cut shares of DXC Technology from a “hold” rating to a “sell” rating and set a $36.00 price target for the company. in a report on Tuesday, August 13th. Evercore ISI restated a “buy” rating and set a $82.00 price target on shares of DXC Technology in a report on Sunday, August 11th. Goldman Sachs Group cut shares of DXC Technology from a “conviction-buy” rating to a “buy” rating in a report on Monday, April 22nd. KeyCorp decreased their price target on shares of DXC Technology from $97.00 to $88.00 and set an “overweight” rating for the company in a report on Monday, May 20th. Finally, Wells Fargo & Co decreased their price target on shares of DXC Technology from $72.00 to $55.00 and set a “market perform” rating for the company in a report on Friday, May 24th. Two analysts have rated the stock with a sell rating, five have issued a hold rating and eight have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $69.17.

NYSE DXC opened at $31.79 on Friday. The company has a quick ratio of 0.96, a current ratio of 0.88 and a debt-to-equity ratio of 0.80. The stock has a market capitalization of $8.02 billion, a PE ratio of 3.81, a price-to-earnings-growth ratio of 1.07 and a beta of 1.74. The company has a 50 day moving average price of $51.86 and a two-hundred day moving average price of $58.75. DXC Technology Co has a 12-month low of $30.11 and a 12-month high of $96.75.

DXC Technology (NYSE:DXC) last posted its earnings results on Thursday, August 8th. The company reported $1.74 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.71 by $0.03. The firm had revenue of $4.89 billion during the quarter, compared to analysts’ expectations of $4.86 billion. DXC Technology had a net margin of 5.70% and a return on equity of 19.57%. The company’s revenue was down 7.4% compared to the same quarter last year. During the same period in the previous year, the company earned $1.93 earnings per share. As a group, equities analysts anticipate that DXC Technology Co will post 7.31 EPS for the current year.

DXC Technology Profile

DXC Technology Company, together with its subsidiaries, provides information technology services and solutions primarily in North America, Europe, Asia, and Australia. It operates through three segments: Global Business Services (GBS), Global Infrastructure Services (GIS), and United States Public Sector (USPS).

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Institutional Ownership by Quarter for DXC Technology (NYSE:DXC)

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