DXC Technology (NYSE:DXC) Shares Sold by California Public Employees Retirement System

California Public Employees Retirement System decreased its position in shares of DXC Technology (NYSE:DXC - Free Report) by 8.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 312,354 shares of the company's stock after selling 27,429 shares during the quarter. California Public Employees Retirement System owned about 0.17% of DXC Technology worth $6,241,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of DXC. Arizona State Retirement System grew its position in shares of DXC Technology by 1.1% in the 4th quarter. Arizona State Retirement System now owns 52,475 shares of the company's stock valued at $1,048,000 after acquiring an additional 566 shares during the period. Highland Capital Management LLC raised its stake in DXC Technology by 6.6% during the fourth quarter. Highland Capital Management LLC now owns 11,850 shares of the company's stock worth $237,000 after acquiring an additional 731 shares in the last quarter. Corient Private Wealth LLC boosted its holdings in shares of DXC Technology by 2.3% during the 4th quarter. Corient Private Wealth LLC now owns 32,796 shares of the company's stock valued at $655,000 after acquiring an additional 740 shares in the last quarter. Newbridge Financial Services Group Inc. grew its holdings in DXC Technology by 116.1% during the 4th quarter. Newbridge Financial Services Group Inc. now owns 1,675 shares of the company's stock worth $33,000 after acquiring an additional 900 shares during the last quarter. Finally, CIBC Asset Management Inc raised its position in DXC Technology by 5.6% during the 4th quarter. CIBC Asset Management Inc now owns 17,976 shares of the company's stock worth $359,000 after purchasing an additional 950 shares during the last quarter. Institutional investors and hedge funds own 96.20% of the company's stock.

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DXC Technology Trading Up 1.3 %

Shares of DXC traded up $0.18 during midday trading on Friday, hitting $14.43. The stock had a trading volume of 1,541,642 shares, compared to its average volume of 1,764,222. DXC Technology has a 1 year low of $13.44 and a 1 year high of $24.83. The company has a debt-to-equity ratio of 1.12, a current ratio of 1.34 and a quick ratio of 1.34. The stock's 50 day moving average is $17.93 and its 200 day moving average is $19.93. The firm has a market cap of $2.61 billion, a PE ratio of -34.36, a price-to-earnings-growth ratio of 1.16 and a beta of 1.37.

DXC Technology (NYSE:DXC - Get Free Report) last released 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%. As a group, analysts forecast that DXC Technology will post 3.35 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, Morgan Stanley upped their price objective on shares of DXC Technology from $20.00 to $22.00 and gave the stock an "equal weight" rating in a report on Friday, January 31st. One investment analyst has rated the stock with a sell rating and six have issued a hold rating to the stock. According to MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $21.29.

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).