DXC Technology (NYSE:DXC) Shares Sold by Vestcor Inc

Vestcor Inc cut its position in DXC Technology (NYSE:DXC) by 71.9% during the fourth quarter, Holdings Channel reports. The firm owned 4,290 shares of the company’s stock after selling 11,000 shares during the period. Vestcor Inc’s holdings in DXC Technology were worth $86,000 as of its most recent filing with the SEC.

Other hedge funds have also recently modified their holdings of the company. Newbridge Financial Services Group Inc. boosted its stake in shares of DXC Technology by 116.1% in the fourth quarter. Newbridge Financial Services Group Inc. now owns 1,675 shares of the company’s stock worth $33,000 after buying an additional 900 shares during the last quarter. Prospera Private Wealth LLC purchased a new stake in shares of DXC Technology in the third quarter worth about $49,000. Smartleaf Asset Management LLC boosted its stake in shares of DXC Technology by 366.4% in the fourth quarter. Smartleaf Asset Management LLC now owns 2,999 shares of the company’s stock worth $60,000 after buying an additional 2,356 shares during the last quarter. Brown Lisle Cummings Inc. boosted its stake in shares of DXC Technology by 60.0% in the fourth quarter. Brown Lisle Cummings Inc. now owns 3,200 shares of the company’s stock worth $64,000 after buying an additional 1,200 shares during the last quarter. Finally, Quest Partners LLC purchased a new stake in shares of DXC Technology in the third quarter worth about $97,000. Hedge funds and other institutional investors own 96.20% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Morgan Stanley upped their target price on DXC Technology from $20.00 to $22.00 and gave the stock an “equal weight” rating in a research note on Friday, January 31st. One investment analyst has rated the stock with a sell rating and seven have issued a hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $21.38.

DXC Technology Stock Performance

Shares of DXC stock opened at $17.33 on Wednesday. The company 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 business’s 50 day moving average is $19.84 and its two-hundred day moving average is $20.58. The company has a current ratio of 1.34, a quick ratio of 1.34 and a debt-to-equity ratio of 1.12. DXC Technology has a 12-month low of $14.79 and a 12-month high of $24.83.

DXC Technology (NYSE:DXC) last issued its quarterly earnings results on Tuesday, February 4th. The company reported $0.92 earnings per share (EPS) for the quarter, topping 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%. Analysts expect that DXC Technology will post 3.35 EPS for the current fiscal year.

DXC Technology Company 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).