Retirement Systems of Alabama Has $2.64 Million Stake in DXC Technology (NYSE:DXC)



Retirement Systems of Alabama lowered its position in shares of DXC Technology (NYSE:DXCGet Rating) by 3.1% during the first quarter, HoldingsChannel.com reports. The fund owned 81,003 shares of the company’s stock after selling 2,578 shares during the quarter. Retirement Systems of Alabama’s holdings in DXC Technology were worth $2,643,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Horrell Capital Management Inc. boosted its position in DXC Technology by 5.6% during the first quarter. Horrell Capital Management Inc. now owns 190,000 shares of the company’s stock valued at $6,200,000 after acquiring an additional 10,000 shares during the last quarter. Ellevest Inc. boosted its position in DXC Technology by 141.3% during the first quarter. Ellevest Inc. now owns 753 shares of the company’s stock valued at $25,000 after acquiring an additional 441 shares during the last quarter. Fifth Third Bancorp boosted its position in DXC Technology by 12.4% during the first quarter. Fifth Third Bancorp now owns 6,762 shares of the company’s stock valued at $221,000 after acquiring an additional 748 shares during the last quarter. TCW Group Inc. boosted its position in DXC Technology by 5.6% during the first quarter. TCW Group Inc. now owns 38,117 shares of the company’s stock valued at $1,244,000 after acquiring an additional 2,017 shares during the last quarter. Finally, Scout Investments Inc. boosted its position in DXC Technology by 257.6% during the first quarter. Scout Investments Inc. now owns 2,513,257 shares of the company’s stock valued at $82,008,000 after acquiring an additional 1,810,524 shares during the last quarter. 89.41% of the stock is currently owned by institutional investors and hedge funds.

DXC opened at $29.87 on Friday. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.09 and a quick ratio of 1.09. DXC Technology has a fifty-two week low of $27.28 and a fifty-two week high of $44.18. The firm has a market capitalization of $6.86 billion, a PE ratio of 10.48, a P/E/G ratio of 0.37 and a beta of 2.09. The company’s 50-day moving average is $31.13 and its 200 day moving average is $32.04.

DXC Technology (NYSE:DXCGet Rating) last posted its quarterly earnings data on Wednesday, May 25th. The company reported $0.84 EPS for the quarter, missing the consensus estimate of $1.00 by ($0.16). The firm had revenue of $4.01 billion during the quarter, compared to analysts’ expectations of $4.12 billion. DXC Technology had a net margin of 4.41% and a return on equity of 17.08%. The company’s quarterly revenue was down 8.6% on a year-over-year basis. During the same quarter last year, the business posted $0.74 EPS. As a group, analysts expect that DXC Technology will post 3.96 EPS for the current year.

DXC has been the topic of a number of research analyst reports. Susquehanna Bancshares cut their price target on shares of DXC Technology from $42.00 to $41.00 and set a “positive” rating on the stock in a research report on Thursday, May 26th. Cowen cut their price objective on shares of DXC Technology from $45.00 to $43.00 and set an “outperform” rating on the stock in a research report on Thursday, May 26th. Susquehanna cut their price objective on shares of DXC Technology from $42.00 to $41.00 in a research report on Thursday, May 26th. JPMorgan Chase & Co. cut their price objective on shares of DXC Technology from $41.00 to $39.00 and set an “underweight” rating on the stock in a research report on Tuesday, March 22nd. Finally, Deutsche Bank Aktiengesellschaft cut their price objective on shares of DXC Technology from $53.00 to $48.00 in a research report on Thursday, May 26th. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and seven have issued a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of $39.58.

DXC Technology Company Profile (Get Rating)

DXC Technology Company, together with its subsidiaries, provides information technology services and solutions primarily in North America, Europe, Asia, and Australia. It operates in two segments, Global Business Services (GBS) and Global Infrastructure Services (GIS). The GBS segment offers a portfolio of analytics services and extensive partner ecosystem that help its customers to gain rapid insights, automate operations, and accelerate their digital transformation journeys; and software engineering, consulting, and data analytics solutions that enable businesses to run and manage their mission-critical functions, transform their operations, and develop new ways of doing business.

Recommended Stories

Want to see what other hedge funds are holding DXC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for DXC Technology (NYSE:DXCGet Rating).

Institutional Ownership by Quarter for DXC Technology (NYSE:DXC)



Receive News & Ratings for DXC Technology Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for DXC Technology and related companies with MarketBeat.com’s FREE daily email newsletter.



Source link

Leave A Reply

Your email address will not be published.