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

Teacher Retirement System of Texas boosted its holdings in DXC Technology (NYSE:DXC) by 13.9% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 92,558 shares of the company’s stock after acquiring an additional 11,289 shares during the period. Teacher Retirement System of Texas owned 0.05% of DXC Technology worth $1,849,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in the business. Charles Schwab Investment Management Inc. grew its holdings in shares of DXC Technology by 3.5% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,930,963 shares of the company’s stock worth $38,581,000 after purchasing an additional 64,867 shares during the period. Principal Financial Group Inc. lifted its position in DXC Technology by 3.0% in the fourth quarter. Principal Financial Group Inc. now owns 877,399 shares of the company’s stock valued at $17,530,000 after buying an additional 25,573 shares during the last quarter. JPMorgan Chase & Co. lifted its position in DXC Technology by 1.3% in the third quarter. JPMorgan Chase & Co. now owns 823,191 shares of the company’s stock valued at $17,081,000 after buying an additional 10,922 shares during the last quarter. Assenagon Asset Management S.A. increased its position in shares of DXC Technology by 4,893.5% during the fourth quarter. Assenagon Asset Management S.A. now owns 669,576 shares of the company’s stock valued at $13,378,000 after acquiring an additional 656,167 shares during the last quarter. Finally, Swiss National Bank increased its position in shares of DXC Technology by 1.1% during the fourth quarter. Swiss National Bank now owns 355,700 shares of the company’s stock valued at $7,107,000 after acquiring an additional 3,800 shares during the last quarter. 96.20% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Separately, Morgan Stanley increased 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 investment analyst has rated the stock with a sell rating and six have assigned a hold rating to the company’s stock. According to data from MarketBeat, DXC Technology currently has an average rating of “Hold” and an average price target of $21.29.

DXC Technology Stock Down 0.7 %

Shares of NYSE:DXC opened at $17.39 on Friday. The firm’s 50-day moving average is $19.42 and its two-hundred day moving average is $20.40. 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 has a 1 year low of $14.79 and a 1 year high of $24.83. The firm has a market capitalization of $3.15 billion, a PE ratio of -41.41, a price-to-earnings-growth ratio of 1.16 and a beta of 1.62.

DXC Technology (NYSE:DXC) last issued 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%. Analysts predict that DXC Technology will post 3.35 EPS 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).