DXC Technology (NYSE:DXC) Shares Purchased by Teacher Retirement System of Texas

Teacher Retirement System of Texas boosted its position in shares of DXC Technology (NYSE:DXC) by 13.9% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 92,558 shares of the company’s stock after acquiring an additional 11,289 shares during the period. Teacher Retirement System of Texas’ holdings in DXC Technology were worth $1,849,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Xponance Inc. acquired a new position in shares of DXC Technology during the fourth quarter worth $213,000. Brooktree Capital Management increased its holdings in shares of DXC Technology by 3.1% in the 4th quarter. Brooktree Capital Management now owns 95,663 shares of the company’s stock valued at $1,911,000 after acquiring an additional 2,912 shares during the last quarter. Counterpoint Mutual Funds LLC acquired a new stake in shares of DXC Technology during the 4th quarter worth about $327,000. Corient Private Wealth LLC lifted its stake in DXC Technology by 2.3% during the fourth quarter. Corient Private Wealth LLC now owns 32,796 shares of the company’s stock worth $655,000 after purchasing an additional 740 shares during the last quarter. Finally, Royce & Associates LP increased its stake in DXC Technology by 35.7% in the fourth quarter. Royce & Associates LP now owns 124,813 shares of the company’s stock valued at $2,494,000 after purchasing an additional 32,842 shares during the last quarter. 96.20% of the stock is owned by hedge funds and other institutional investors.

DXC Technology Trading Down 0.7 %

DXC opened at $17.39 on Friday. The firm has a market cap of $3.15 billion, a price-to-earnings ratio of -41.41, a price-to-earnings-growth ratio of 1.16 and a beta of 1.62. DXC Technology has a 52 week low of $14.79 and a 52 week high of $24.83. The business’s 50 day moving average is $19.42 and its two-hundred day moving average is $20.40. The company has a quick ratio of 1.34, a current ratio of 1.34 and a debt-to-equity ratio of 1.12.

DXC Technology (NYSE:DXC) last released its quarterly earnings results on Tuesday, February 4th. The company reported $0.92 EPS for the quarter, beating 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%. On average, research analysts predict that DXC Technology will post 3.35 EPS for the current year.

Analysts Set New Price Targets

Separately, Morgan Stanley boosted their price objective on shares of DXC Technology from $20.00 to $22.00 and gave the stock an “equal weight” rating in a research report on Friday, January 31st. One equities research analyst has rated the stock with a sell rating and six have issued a hold rating to the company’s stock. Based on data from MarketBeat, DXC Technology currently has a consensus rating of “Hold” and a consensus price target of $21.29.

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).