State of Tennessee Department of Treasury Increases Stock Position in DXC Technology (NYSE:DXC)

State of Tennessee Department of Treasury increased its stake in shares of DXC Technology (NYSE:DXC - Free Report) by 27.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 99,459 shares of the company's stock after acquiring an additional 21,546 shares during the quarter. State of Tennessee Department of Treasury owned about 0.05% of DXC Technology worth $1,987,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Newbridge Financial Services Group Inc. increased its position in DXC Technology by 116.1% during 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 in the last quarter. Meeder Asset Management Inc. purchased a new stake in shares of DXC Technology during the fourth quarter valued at approximately $55,000. Smartleaf Asset Management LLC grew its stake in DXC Technology by 366.4% during the 4th quarter. Smartleaf Asset Management LLC now owns 2,999 shares of the company's stock valued at $60,000 after purchasing an additional 2,356 shares in the last quarter. Brown Lisle Cummings Inc. grew its position in shares of DXC Technology by 60.0% during the 4th quarter. Brown Lisle Cummings Inc. now owns 3,200 shares of the company's stock valued at $64,000 after buying an additional 1,200 shares during the last quarter. Finally, Matrix Trust Co boosted its stake in DXC Technology by 347.2% during the 4th quarter. Matrix Trust Co now owns 9,343 shares of the company's stock valued at $187,000 after purchasing an additional 7,254 shares during the period. Institutional investors and hedge funds own 96.20% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on DXC shares. Susquehanna decreased their target price on DXC Technology from $23.00 to $16.00 and set a "neutral" rating on the stock in a report on Wednesday, April 23rd. Morgan Stanley increased their price target 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 equities research analyst has rated the stock with a sell rating and six have given a hold rating to the stock. According to MarketBeat.com, DXC Technology has a consensus rating of "Hold" and an average price target of $20.29.

DXC Technology Stock Performance

DXC Technology stock traded up $0.37 during mid-day trading on Friday, reaching $16.06. 815,858 shares of the company's stock were exchanged, compared to its average volume of 1,749,691. DXC Technology has a one year low of $13.44 and a one year high of $24.83. The business's fifty day simple moving average is $16.38 and its 200 day simple moving average is $19.41. The company has a quick ratio of 1.34, a current ratio of 1.34 and a debt-to-equity ratio of 1.12. The firm has a market capitalization of $2.91 billion, a PE ratio of -38.24, a P/E/G ratio of 1.16 and a beta of 1.37.

DXC Technology (NYSE:DXC - Get Free Report) last released its quarterly earnings data on Tuesday, February 4th. The company reported $0.92 EPS for the quarter, beating analysts' consensus estimates 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%. On average, sell-side analysts expect that DXC Technology will post 3.35 earnings per share for the current year.

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).