Vestcor Inc Lowers Holdings in DXC Technology (NYSE:DXC)

Vestcor Inc trimmed its position in DXC Technology (NYSE:DXC) by 71.9% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 4,290 shares of the company’s stock after selling 11,000 shares during the quarter. Vestcor Inc’s holdings in DXC Technology were worth $86,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. US Bancorp DE raised its position in shares of DXC Technology by 17.3% in the 4th quarter. US Bancorp DE now owns 13,406 shares of the company’s stock worth $268,000 after acquiring an additional 1,977 shares in the last quarter. Principal Financial Group Inc. raised its position in shares of DXC Technology by 3.0% in the 4th quarter. Principal Financial Group Inc. now owns 877,399 shares of the company’s stock worth $17,530,000 after acquiring an additional 25,573 shares in the last quarter. State of Alaska Department of Revenue raised its position in shares of DXC Technology by 86.9% in the 4th quarter. State of Alaska Department of Revenue now owns 192,880 shares of the company’s stock worth $3,853,000 after acquiring an additional 89,698 shares in the last quarter. Barclays PLC raised its position in shares of DXC Technology by 273.6% in the 3rd quarter. Barclays PLC now owns 85,831 shares of the company’s stock worth $1,781,000 after acquiring an additional 62,857 shares in the last quarter. Finally, Point72 Asset Management L.P. bought a new position in shares of DXC Technology in the 3rd quarter worth $1,438,000. 96.20% of the stock is currently owned by hedge funds and other institutional investors.

DXC Technology Trading Down 0.3 %

Shares of NYSE:DXC opened at $17.33 on Wednesday. The business’s 50-day moving average is $19.84 and its 200 day moving average is $20.58. DXC Technology has a 1 year low of $14.79 and a 1 year high of $24.83. The firm has a market capitalization of $3.14 billion, a P/E ratio of -41.25, a P/E/G ratio of 1.16 and a beta of 1.62. 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 (NYSE:DXC) last announced its earnings results on Tuesday, February 4th. The company reported $0.92 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.69 by $0.23. DXC Technology had a positive return on equity of 20.70% and a negative net margin of 0.57%. On average, research analysts predict that DXC Technology will post 3.35 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Separately, Morgan Stanley boosted their price target on 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 seven have given a hold rating to the company. According to data from MarketBeat.com, DXC Technology presently has an average rating of “Hold” and an average target price of $21.38.

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).