DXC Technology (NYSE:DXC) Shares Bought by Maryland State Retirement & Pension System

Maryland State Retirement & Pension System raised its position in shares of DXC Technology (NYSE:DXC - Free Report) by 406.0% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 87,712 shares of the company's stock after purchasing an additional 70,378 shares during the quarter. Maryland State Retirement & Pension System's holdings in DXC Technology were worth $2,006,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the company. Benjamin F. Edwards & Company Inc. raised its position in DXC Technology by 1.8% in the 4th quarter. Benjamin F. Edwards & Company Inc. now owns 28,500 shares of the company's stock worth $652,000 after buying an additional 500 shares during the last quarter. Covestor Ltd lifted its position in DXC Technology by 2.9% during the third quarter. Covestor Ltd now owns 27,804 shares of the company's stock valued at $579,000 after purchasing an additional 785 shares during the period. New Mexico Educational Retirement Board boosted its holdings in DXC Technology by 7.2% in the third quarter. New Mexico Educational Retirement Board now owns 11,846 shares of the company's stock worth $247,000 after purchasing an additional 800 shares during the last quarter. Equitable Trust Co. boosted its holdings in DXC Technology by 6.9% in the fourth quarter. Equitable Trust Co. now owns 16,288 shares of the company's stock worth $373,000 after purchasing an additional 1,045 shares during the last quarter. Finally, OMERS ADMINISTRATION Corp grew its position in DXC Technology by 2.2% in the 3rd quarter. OMERS ADMINISTRATION Corp now owns 51,800 shares of the company's stock worth $1,079,000 after purchasing an additional 1,100 shares during the period. 96.20% of the stock is owned by hedge funds and other institutional investors.

DXC Technology Price Performance

Shares of DXC traded up $0.19 during midday trading on Wednesday, hitting $19.89. 1,232,837 shares of the company traded hands, compared to its average volume of 2,338,416. DXC Technology has a 52 week low of $18.61 and a 52 week high of $28.89. The company has a debt-to-equity ratio of 1.15, a quick ratio of 1.11 and a current ratio of 1.11. The firm has a 50 day moving average of $20.60 and a 200-day moving average of $21.80. The stock has a market cap of $3.64 billion, a price-to-earnings ratio of -10.32, a PEG ratio of 1.72 and a beta of 1.85.

Analyst Ratings Changes

A number of equities research analysts have issued reports on DXC shares. Citigroup downgraded DXC Technology from a "neutral" rating to a "sell" rating and cut their price target for the company from $24.00 to $21.00 in a research note on Wednesday, January 17th. JPMorgan Chase & Co. downgraded shares of DXC Technology from a "neutral" rating to an "underweight" rating and cut their price objective for the company from $27.00 to $24.00 in a research report on Wednesday, January 24th. Guggenheim began coverage on DXC Technology in a research report on Tuesday, March 19th. They set a "neutral" rating and a $22.00 target price on the stock. Finally, Royal Bank of Canada reaffirmed a "sector perform" rating and issued a $24.00 price objective on shares of DXC Technology in a research note on Friday, February 2nd. Three analysts have rated the stock with a sell rating and six have issued a hold rating to the stock. According to MarketBeat.com, DXC Technology has a consensus rating of "Hold" and a consensus target price of $23.20.

Insider Transactions at DXC Technology

In other DXC Technology news, EVP William L. Deckelman, Jr. sold 18,102 shares of the stock in a transaction on Thursday, February 29th. The shares were sold at an average price of $21.73, for a total transaction of $393,356.46. Following the completion of the transaction, the executive vice president now owns 124,806 shares in the company, valued at $2,712,034.38. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.87% of the company's stock.

About DXC Technology

DXC Technology Company, together with its subsidiaries, provides information technology services and solutions primarily 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).