75,300 Shares in DXC Technology Company. $DXC Purchased by Louisiana State Employees Retirement System

Louisiana State Employees Retirement System bought a new position in shares of DXC Technology Company. (NYSE:DXC) during the first quarter, Holdings Channel reports. The fund bought 75,300 shares of the company’s stock, valued at approximately $947,000.

Several other institutional investors and hedge funds also recently bought and sold shares of DXC. EverSource Wealth Advisors LLC grew its position in DXC Technology by 240.6% in the second quarter. EverSource Wealth Advisors LLC now owns 1,737 shares of the company’s stock worth $27,000 after acquiring an additional 1,227 shares during the period. Danske Bank A S raised its position in DXC Technology by 280.0% in the fourth quarter. Danske Bank A S now owns 1,900 shares of the company’s stock valued at $28,000 after purchasing an additional 1,400 shares during the period. Fifth Third Bancorp lifted its stake in shares of DXC Technology by 116.0% in the 4th quarter. Fifth Third Bancorp now owns 2,102 shares of the company’s stock valued at $31,000 after purchasing an additional 1,129 shares during the last quarter. Hantz Financial Services Inc. lifted its stake in shares of DXC Technology by 110.5% in the 4th quarter. Hantz Financial Services Inc. now owns 2,185 shares of the company’s stock valued at $32,000 after purchasing an additional 1,147 shares during the last quarter. Finally, CIBC Private Wealth Group LLC grew its holdings in shares of DXC Technology by 13,258.8% during the 4th quarter. CIBC Private Wealth Group LLC now owns 2,271 shares of the company’s stock worth $33,000 after purchasing an additional 2,254 shares during the period. 96.20% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at DXC Technology

In other news, CEO Raul J. Fernandez bought 28,051 shares of the business’s stock in a transaction that occurred on Monday, May 11th. The shares were purchased at an average cost of $8.90 per share, for a total transaction of $249,653.90. Following the completion of the purchase, the chief executive officer owned 844,052 shares of the company’s stock, valued at approximately $7,512,062.80. This represents a 3.44% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 1.13% of the company’s stock.

DXC Technology Trading Down 0.3%

NYSE:DXC opened at $9.88 on Monday. The firm has a market cap of $1.62 billion, a PE ratio of 164.65 and a beta of 0.82. The stock has a fifty day moving average price of $9.54 and a 200 day moving average price of $12.13. DXC Technology Company. has a 12-month low of $7.90 and a 12-month high of $16.45. The company has a current ratio of 1.36, a quick ratio of 1.36 and a debt-to-equity ratio of 0.94.

DXC Technology (NYSE:DXC) last issued its quarterly earnings results on Friday, May 8th. The company reported $0.77 earnings per share for the quarter, topping the consensus estimate of $0.70 by $0.07. The company had revenue of $3.13 billion for the quarter, compared to the consensus estimate of $3.17 billion. DXC Technology had a return on equity of 17.24% and a net margin of 0.14%.DXC Technology’s revenue was down 1.2% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.84 EPS. Sell-side analysts anticipate that DXC Technology Company. will post 2.62 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of analysts recently issued reports on DXC shares. TD Cowen cut their price objective on DXC Technology from $15.00 to $14.00 and set a “hold” rating for the company in a research report on Monday, April 6th. Zacks Research lowered shares of DXC Technology from a “hold” rating to a “strong sell” rating in a research note on Tuesday, May 12th. Morgan Stanley dropped their price target on shares of DXC Technology from $15.00 to $9.00 and set an “equal weight” rating for the company in a research report on Thursday, May 14th. Wall Street Zen downgraded shares of DXC Technology from a “buy” rating to a “hold” rating in a research note on Saturday, March 28th. Finally, Royal Bank Of Canada restated a “sector perform” rating and issued a $16.00 price objective on shares of DXC Technology in a report on Friday, June 12th. Six investment analysts have rated the stock with a Hold rating and four have assigned a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Reduce” and an average target price of $12.75.

About DXC Technology

DXC Technology, headquartered in Tysons Corner, Virginia, is a global leader in IT services and solutions. The company was formed in 2017 through the merger of Computer Sciences Corporation (CSC) and the Enterprise Services business of Hewlett Packard Enterprise, combining decades of experience in consulting, systems integration and managed services. Since its inception, DXC has focused on helping clients modernize IT environments and drive digital transformation across their organizations.

DXC Technology’s core service offerings encompass cloud and platform services, applications and analytics, security, and workplace and mobility solutions.