State Street Corp Sells 24,556 Shares of DXC Technology (NYSE:DXC)

State Street Corp trimmed its holdings in shares of DXC Technology (NYSE:DXC - Free Report) by 0.4% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,353,591 shares of the company's stock after selling 24,556 shares during the period. State Street Corp owned 3.51% of DXC Technology worth $131,837,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Millennium Management LLC lifted its holdings in DXC Technology by 352.6% in the second quarter. Millennium Management LLC now owns 625,197 shares of the company's stock valued at $11,935,000 after buying an additional 487,072 shares during the period. Point72 Asset Management L.P. acquired a new position in shares of DXC Technology in the 3rd quarter valued at $1,438,000. Susquehanna Fundamental Investments LLC bought a new position in shares of DXC Technology in the 2nd quarter worth $3,483,000. Dynamic Technology Lab Private Ltd bought a new stake in DXC Technology in the third quarter valued at about $1,904,000. Finally, Royce & Associates LP raised its position in shares of DXC Technology by 124.7% in the 3rd quarter. Royce & Associates LP now owns 91,971 shares of the company's stock valued at $1,908,000 after acquiring an additional 51,041 shares during the period. Institutional investors own 96.20% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts have commented on DXC shares. JPMorgan Chase & Co. raised their target price on shares of DXC Technology from $19.00 to $22.00 and gave the stock an "underweight" rating in a report on Friday, September 6th. Susquehanna lifted their target price on DXC Technology from $19.00 to $23.00 and gave the company a "neutral" rating in a research report on Friday, November 8th. Finally, BMO Capital Markets upped their price target on DXC Technology from $22.00 to $25.00 and gave the stock a "market perform" rating in a research report on Monday, November 11th. Two investment analysts have rated the stock with a sell rating and seven have issued a hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $20.89.

DXC Technology Price Performance

DXC stock traded down $0.26 during midday trading on Friday, reaching $21.46. The company had a trading volume of 1,678,918 shares, compared to its average volume of 2,037,667. DXC Technology has a 1-year low of $14.78 and a 1-year high of $25.14. The stock has a 50 day moving average price of $21.25 and a 200-day moving average price of $20.00. The company has a debt-to-equity ratio of 1.18, a current ratio of 1.25 and a quick ratio of 1.25. The company has a market capitalization of $3.88 billion, a price-to-earnings ratio of 268.28, a price-to-earnings-growth ratio of 1.40 and a beta of 1.65.

DXC Technology (NYSE:DXC - Get Free Report) last posted its quarterly earnings results on Thursday, November 7th. The company reported $0.93 EPS for the quarter, topping analysts' consensus estimates of $0.72 by $0.21. The company had revenue of $3.24 billion during the quarter, compared to analysts' expectations of $3.21 billion. DXC Technology had a return on equity of 20.42% and a net margin of 0.18%. During the same quarter in the previous year, the firm earned $0.70 EPS. Equities research analysts expect that DXC Technology will post 3.18 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).