DXC Technology (NYSE:DXC) Shares Bought by Alaska Permanent Fund Corp

Alaska Permanent Fund Corp raised its holdings in DXC Technology (NYSE:DXC) by 2.9% during the 4th quarter, Holdings Channel reports. The firm owned 91,912 shares of the company’s stock after buying an additional 2,612 shares during the quarter. Alaska Permanent Fund Corp’s holdings in DXC Technology were worth $2,102,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Versant Capital Management Inc grew its holdings in DXC Technology by 3,525.9% in the fourth quarter. Versant Capital Management Inc now owns 2,103 shares of the company’s stock valued at $48,000 after purchasing an additional 2,045 shares during the period. GAMMA Investing LLC purchased a new stake in shares of DXC Technology during the fourth quarter worth approximately $49,000. Headlands Technologies LLC purchased a new stake in shares of DXC Technology during the third quarter worth approximately $67,000. NBC Securities Inc. purchased a new stake in shares of DXC Technology during the third quarter worth approximately $94,000. Finally, CWM LLC increased its position in shares of DXC Technology by 108.4% during the third quarter. CWM LLC now owns 6,952 shares of the company’s stock worth $145,000 after purchasing an additional 3,616 shares in the last quarter. 96.20% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at DXC Technology

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

DXC Technology Stock Down 3.2 %

Shares of NYSE:DXC opened at $20.36 on Friday. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 1.15. The business has a fifty day moving average of $20.92 and a two-hundred day moving average of $21.92. The stock has a market cap of $3.72 billion, a P/E ratio of -10.66, a PEG ratio of 1.89 and a beta of 1.85. DXC Technology has a 52-week low of $18.61 and a 52-week high of $28.89.

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

Analyst Ratings Changes

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

About DXC Technology

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).