Mutual of America Capital Management LLC Reduces Position in DXC Technology (NYSE:DXC)

Mutual of America Capital Management LLC trimmed its position in DXC Technology (NYSE:DXC) by 7.5% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 27,195 shares of the company’s stock after selling 2,212 shares during the quarter. Mutual of America Capital Management LLC’s holdings in DXC Technology were worth $564,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of DXC. William B. Walkup & Associates Inc. acquired a new stake in DXC Technology in the second quarter valued at $26,000. Mather Group LLC. raised its position in shares of DXC Technology by 55.0% during the 2nd quarter. Mather Group LLC. now owns 1,637 shares of the company’s stock worth $35,000 after acquiring an additional 581 shares in the last quarter. Family Firm Inc. purchased a new stake in DXC Technology during the second quarter worth approximately $37,000. Fifth Third Bancorp boosted its holdings in DXC Technology by 40.1% in the second quarter. Fifth Third Bancorp now owns 1,954 shares of the company’s stock valued at $37,000 after purchasing an additional 559 shares in the last quarter. Finally, Matrix Trust Co purchased a new position in DXC Technology in the third quarter valued at approximately $43,000. 96.20% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, SVP Christopher Anthony Voci sold 2,500 shares of the stock in a transaction that occurred on Friday, September 13th. The stock was sold at an average price of $21.37, for a total transaction of $53,425.00. Following the completion of the transaction, the senior vice president now directly owns 83,746 shares of the company’s stock, valued at approximately $1,789,652.02. This represents a 2.90 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders own 0.54% of the company’s stock.

Wall Street Analysts Forecast Growth

DXC has been the subject of several recent analyst reports. Susquehanna boosted their price objective on shares of DXC Technology from $19.00 to $23.00 and gave the stock a “neutral” rating in a research report on Friday, November 8th. JPMorgan Chase & Co. upped their price objective on shares of DXC Technology from $19.00 to $22.00 and gave the company an “underweight” rating in a research note on Friday, September 6th. Royal Bank of Canada lifted their target price on DXC Technology from $18.00 to $20.00 and gave the stock a “sector perform” rating in a research report on Friday, August 9th. Finally, BMO Capital Markets upped their target price on DXC Technology from $22.00 to $25.00 and gave the company a “market perform” rating in a research report on Monday, November 11th. Two investment analysts have rated the stock with a sell rating and seven have issued a hold rating to the company. Based on data from MarketBeat, DXC Technology presently has a consensus rating of “Hold” and a consensus target price of $20.89.

DXC Technology Stock Down 0.3 %

DXC Technology stock opened at $22.53 on Wednesday. The stock has a 50 day moving average of $20.84 and a two-hundred day moving average of $19.55. DXC Technology has a twelve month low of $14.78 and a twelve month high of $25.14. The stock has a market capitalization of $4.08 billion, a price-to-earnings ratio of 281.63, a PEG ratio of 1.44 and a beta of 1.67. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 1.18.

DXC Technology (NYSE:DXC) last issued its quarterly 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. The firm had revenue of $3.24 billion during the quarter, compared to the consensus estimate of $3.21 billion. DXC Technology had a return on equity of 20.42% and a net margin of 0.18%. During the same period last year, the company earned $0.70 earnings per share. As a group, research analysts expect that DXC Technology will post 3.18 earnings per share for the current year.

About DXC Technology

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).