New York State Teachers Retirement System Grows Position in DXC Technology (NYSE:DXC)

New York State Teachers Retirement System grew its stake in DXC Technology (NYSE:DXC) by 2.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 219,589 shares of the company’s stock after purchasing an additional 5,798 shares during the period. New York State Teachers Retirement System owned approximately 0.12% of DXC Technology worth $4,387,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. CWM LLC grew its stake in shares of DXC Technology by 63.2% during the 3rd quarter. CWM LLC now owns 6,341 shares of the company’s stock worth $132,000 after purchasing an additional 2,456 shares during the period. Highland Capital Management LLC acquired a new stake in shares of DXC Technology during the 3rd quarter worth $231,000. Wealth Enhancement Advisory Services LLC raised its holdings in DXC Technology by 24.2% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 15,519 shares of the company’s stock valued at $322,000 after buying an additional 3,024 shares during the period. Robeco Institutional Asset Management B.V. raised its stake in shares of DXC Technology by 31.7% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 350,760 shares of the company’s stock valued at $7,278,000 after acquiring an additional 84,524 shares during the period. Finally, Brooktree Capital Management boosted its holdings in DXC Technology by 2.4% in the 3rd quarter. Brooktree Capital Management now owns 92,751 shares of the company’s stock worth $1,925,000 after acquiring an additional 2,150 shares during the period. 96.20% of the stock is owned by institutional investors and hedge funds.

DXC Technology Stock Performance

DXC opened at $20.21 on Friday. The company has a market capitalization of $3.66 billion, a price-to-earnings ratio of -48.11, a P/E/G ratio of 1.22 and a beta of 1.65. The business’s 50-day moving average price is $20.75 and its two-hundred day moving average price is $20.76. The company has a debt-to-equity ratio of 1.12, a current ratio of 1.34 and a quick ratio of 1.34. DXC Technology has a 1 year low of $14.78 and a 1 year high of $24.83.

DXC Technology (NYSE:DXC) last issued its quarterly earnings data on Tuesday, February 4th. The company reported $0.92 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.69 by $0.23. DXC Technology had a negative net margin of 0.57% and a positive return on equity of 20.70%. Equities analysts expect that DXC Technology will post 3.35 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the stock. Susquehanna increased their target price on shares of DXC Technology from $19.00 to $23.00 and gave the stock a “neutral” rating in a report on Friday, November 8th. BMO Capital Markets lifted their target price on shares of DXC Technology from $22.00 to $25.00 and gave the company a “market perform” rating in a research note on Monday, November 11th. Finally, Morgan Stanley increased their price target on shares of DXC Technology from $20.00 to $22.00 and gave the company an “equal weight” rating in a report on Friday, January 31st. One analyst has rated the stock with a sell rating and seven have assigned a hold rating to the company’s stock. Based on data from MarketBeat.com, DXC Technology presently has a consensus rating of “Hold” and an average price target of $21.38.

DXC Technology Company 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).