Illinois Municipal Retirement Fund Increases Position in DXC Technology (NYSE:DXC)

Illinois Municipal Retirement Fund raised its position in shares of DXC Technology (NYSE:DXC) by 9.4% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 100,943 shares of the company’s stock after purchasing an additional 8,677 shares during the period. Illinois Municipal Retirement Fund owned approximately 0.06% of DXC Technology worth $2,017,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Principal Financial Group Inc. increased its position in shares of DXC Technology by 3.0% during the 4th quarter. Principal Financial Group Inc. now owns 877,399 shares of the company’s stock valued at $17,530,000 after purchasing an additional 25,573 shares during the last quarter. State of Alaska Department of Revenue grew its position in DXC Technology by 86.9% during the fourth quarter. State of Alaska Department of Revenue now owns 192,880 shares of the company’s stock valued at $3,853,000 after acquiring an additional 89,698 shares during the last quarter. Barclays PLC raised its stake in shares of DXC Technology by 273.6% during the third 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. Point72 Asset Management L.P. bought a new stake in shares of DXC Technology in the 3rd quarter worth approximately $1,438,000. Finally, Dynamic Technology Lab Private Ltd purchased a new stake in shares of DXC Technology in the 3rd quarter valued at $1,904,000. Hedge funds and other institutional investors own 96.20% of the company’s stock.

Wall Street Analyst Weigh In

DXC has been the topic of a number of analyst reports. Susquehanna lifted their target price on shares of DXC Technology from $19.00 to $23.00 and gave the stock a “neutral” rating in a research report on Friday, November 8th. BMO Capital Markets raised their price objective on 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 boosted their target price on DXC Technology from $20.00 to $22.00 and gave the company an “equal weight” rating in a research note on Friday, January 31st. One research analyst has rated the stock with a sell rating and seven have assigned a hold rating to the company. According to MarketBeat, DXC Technology presently has a consensus rating of “Hold” and a consensus target price of $21.38.

DXC Technology Price Performance

DXC stock opened at $18.33 on Friday. The company has a current ratio of 1.34, a quick ratio of 1.34 and a debt-to-equity ratio of 1.12. The firm’s 50-day moving average price is $20.50 and its two-hundred day moving average price is $20.78. The stock has a market capitalization of $3.32 billion, a price-to-earnings ratio of -43.63, a PEG ratio of 1.16 and a beta of 1.65. DXC Technology has a 12-month low of $14.78 and a 12-month high of $24.83.

DXC Technology (NYSE:DXC) last announced its quarterly earnings results on Tuesday, February 4th. The company reported $0.92 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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%. As a group, equities analysts predict that DXC Technology will post 3.35 earnings per share for the current year.

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).