Maryland State Retirement & Pension System Sells 6,717 Shares of DXC Technology (NYSE:DXC)

Maryland State Retirement & Pension System cut its holdings in shares of DXC Technology (NYSE:DXC) by 8.1% in the 2nd quarter, Holdings Channel reports. The firm owned 76,513 shares of the company’s stock after selling 6,717 shares during the period. Maryland State Retirement & Pension System’s holdings in DXC Technology were worth $1,461,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Lee Danner & Bass Inc. bought a new position in shares of DXC Technology in the 2nd quarter valued at $3,735,000. BNP PARIBAS ASSET MANAGEMENT Holding S.A. bought a new position in shares of DXC Technology in the 2nd quarter valued at $260,000. Innealta Capital LLC bought a new position in shares of DXC Technology in the 2nd quarter valued at $96,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of DXC Technology by 4.3% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 40,701 shares of the company’s stock valued at $777,000 after acquiring an additional 1,668 shares during the last quarter. Finally, Summit Securities Group LLC bought a new position in shares of DXC Technology in the 2nd quarter valued at $153,000. 96.20% of the stock is currently owned by institutional investors.

Insider Transactions at DXC Technology

In related news, EVP Mary E. Finch sold 31,047 shares of the business’s stock in a transaction dated Monday, August 12th. The stock was sold at an average price of $19.36, for a total value of $601,069.92. Following the completion of the sale, the executive vice president now directly owns 325,665 shares of the company’s stock, valued at approximately $6,304,874.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.54% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the company. Stifel Nicolaus decreased their price objective on DXC Technology from $21.00 to $19.00 and set a “hold” rating for the company in a report on Friday, May 17th. Royal Bank of Canada increased their price objective on DXC Technology from $18.00 to $20.00 and gave the company a “sector perform” rating in a report on Friday, August 9th. TD Cowen decreased their price objective on DXC Technology from $22.00 to $18.00 and set a “hold” rating for the company in a report on Tuesday, May 21st. Morgan Stanley decreased their price objective on DXC Technology from $21.00 to $18.00 and set an “equal weight” rating for the company in a report on Friday, May 17th. Finally, BMO Capital Markets increased their price objective on DXC Technology from $17.50 to $22.00 and gave the company a “market perform” rating in a report on Friday, August 9th. Three analysts have rated the stock with a sell rating and seven have given a hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $20.50.

DXC Technology Trading Down 0.2 %

Shares of DXC stock traded down $0.05 during mid-day trading on Friday, hitting $20.67. The company’s stock had a trading volume of 2,049,944 shares, compared to its average volume of 2,381,818. The company’s fifty day simple moving average is $19.39 and its 200-day simple moving average is $19.51. DXC Technology has a 52 week low of $14.78 and a 52 week high of $25.14. The company has a debt-to-equity ratio of 1.25, a quick ratio of 1.17 and a current ratio of 1.17. The company has a market cap of $3.73 billion, a PE ratio of 55.86, a P/E/G ratio of 2.27 and a beta of 1.73.

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).