Nisa Investment Advisors LLC Decreases Holdings in DXC Technology (NYSE:DXC)

Nisa Investment Advisors LLC reduced its position in DXC Technology (NYSE:DXC) by 7.6% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 15,610 shares of the company’s stock after selling 1,275 shares during the period. Nisa Investment Advisors LLC’s holdings in DXC Technology were worth $312,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of the company. Pacer Advisors Inc. increased its holdings in DXC Technology by 4.7% during the 3rd quarter. Pacer Advisors Inc. now owns 20,140,488 shares of the company’s stock valued at $417,915,000 after acquiring an additional 899,510 shares in the last quarter. Assenagon Asset Management S.A. lifted its stake in DXC Technology by 4,893.5% in the 4th quarter. Assenagon Asset Management S.A. now owns 669,576 shares of the company’s stock valued at $13,378,000 after buying an additional 656,167 shares in the last quarter. Millennium Management LLC increased its position in DXC Technology by 352.6% during the second quarter. Millennium Management LLC now owns 625,197 shares of the company’s stock worth $11,935,000 after buying an additional 487,072 shares in the last quarter. Moran Wealth Management LLC acquired a new position in shares of DXC Technology in the third quarter worth $2,414,000. Finally, Clifford Capital Partners LLC lifted its position in shares of DXC Technology by 20.1% in the second quarter. Clifford Capital Partners LLC now owns 688,535 shares of the company’s stock valued at $13,144,000 after acquiring an additional 115,245 shares in the last quarter. 96.20% of the stock is currently owned by hedge funds and other institutional investors.

DXC Technology Trading Up 1.0 %

Shares of DXC stock opened at $21.63 on Thursday. DXC Technology has a fifty-two week low of $14.78 and a fifty-two week high of $24.83. The firm’s 50 day moving average price is $21.12 and its two-hundred day moving average price is $20.63. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 1.18. The stock has a market cap of $3.92 billion, a price-to-earnings ratio of 270.46, a price-to-earnings-growth ratio of 1.34 and a beta of 1.66.

DXC Technology (NYSE:DXC) last released its earnings results on Thursday, November 7th. The company reported $0.93 earnings per share for the quarter, topping the consensus estimate of $0.72 by $0.21. DXC Technology had a net margin of 0.18% and a return on equity of 20.42%. The company had revenue of $3.24 billion during the quarter, compared to the consensus estimate of $3.21 billion. During the same quarter in the previous year, the firm earned $0.70 EPS. On average, analysts anticipate that DXC Technology will post 3.18 EPS for the current year.

Wall Street Analyst Weigh In

A number of analysts recently commented on DXC shares. BMO Capital Markets lifted their price objective on DXC Technology from $22.00 to $25.00 and gave the stock a “market perform” rating in a research report on Monday, November 11th. Susquehanna upped their price objective on shares of DXC Technology from $19.00 to $23.00 and gave the company a “neutral” rating in a research note on Friday, November 8th. One equities research analyst has rated the stock with a sell rating and seven have given a hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $20.88.

DXC Technology Profile

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).