State of Alaska Department of Revenue Buys 89,698 Shares of DXC Technology (NYSE:DXC)

State of Alaska Department of Revenue grew its holdings in shares of DXC Technology (NYSE:DXC - Free Report) by 86.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 192,880 shares of the company's stock after buying an additional 89,698 shares during the period. State of Alaska Department of Revenue owned 0.11% of DXC Technology worth $3,853,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in the business. Highland Capital Management LLC raised its holdings in shares of DXC Technology by 6.6% during the fourth quarter. Highland Capital Management LLC now owns 11,850 shares of the company's stock valued at $237,000 after buying an additional 731 shares during the last quarter. GAMMA Investing LLC raised its holdings in DXC Technology by 48.7% during the third quarter. GAMMA Investing LLC now owns 3,425 shares of the company's stock worth $71,000 after purchasing an additional 1,122 shares in the last quarter. Brown Lisle Cummings Inc. raised its holdings in DXC Technology by 60.0% during the fourth quarter. Brown Lisle Cummings Inc. now owns 3,200 shares of the company's stock worth $64,000 after purchasing an additional 1,200 shares in the last quarter. Franklin Resources Inc. raised its holdings in DXC Technology by 2.4% during the third quarter. Franklin Resources Inc. now owns 63,230 shares of the company's stock worth $1,272,000 after purchasing an additional 1,502 shares in the last quarter. Finally, Paragon Capital Management Inc. raised its holdings in DXC Technology by 1.8% during the fourth quarter. Paragon Capital Management Inc. now owns 98,949 shares of the company's stock worth $1,977,000 after purchasing an additional 1,722 shares in the last quarter. Institutional investors own 96.20% of the company's stock.

DXC Technology Price Performance

NYSE DXC traded down $0.01 on Wednesday, reaching $20.07. The company's stock had a trading volume of 849,150 shares, compared to its average volume of 1,094,955. The firm has a market cap of $3.63 billion, a PE ratio of -47.78, a price-to-earnings-growth ratio of 1.59 and a beta of 1.65. The business has a 50-day moving average price of $20.92 and a 200 day moving average price of $20.75. DXC Technology has a 52 week low of $14.78 and a 52 week high of $24.83. The company has a current ratio of 1.34, a quick ratio of 1.25 and a debt-to-equity ratio of 1.12.

DXC Technology (NYSE:DXC - Get Free Report) last posted its earnings results on Tuesday, February 4th. The company reported $0.92 earnings per share 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%. Sell-side analysts expect that DXC Technology will post 3.36 EPS for the current year.

Wall Street Analysts Forecast Growth

DXC has been the topic of several recent analyst reports. Susquehanna boosted their target price on DXC Technology from $19.00 to $23.00 and gave the stock a "neutral" rating in a report on Friday, November 8th. BMO Capital Markets boosted their target price on DXC Technology from $22.00 to $25.00 and gave the stock a "market perform" rating in a report on Monday, November 11th. Finally, Morgan Stanley boosted their target price on 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 seven have assigned a hold rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $21.38.

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).