Alaska Permanent Fund Corp Has $2.10 Million Position in DXC Technology (NYSE:DXC)

Alaska Permanent Fund Corp increased its stake in shares of DXC Technology (NYSE:DXC) by 2.9% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 91,912 shares of the company’s stock after buying an additional 2,612 shares during the period. Alaska Permanent Fund Corp’s holdings in DXC Technology were worth $2,102,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of DXC. Invesco Ltd. raised its stake in DXC Technology by 9.5% in the 3rd quarter. Invesco Ltd. now owns 17,080,376 shares of the company’s stock worth $355,784,000 after purchasing an additional 1,478,484 shares in the last quarter. Pacer Advisors Inc. raised its stake in DXC Technology by 86.8% in the 4th quarter. Pacer Advisors Inc. now owns 8,234,245 shares of the company’s stock worth $188,317,000 after purchasing an additional 3,827,176 shares in the last quarter. LSV Asset Management raised its stake in DXC Technology by 0.7% in the 3rd quarter. LSV Asset Management now owns 3,553,327 shares of the company’s stock worth $74,016,000 after purchasing an additional 25,579 shares in the last quarter. Ameriprise Financial Inc. raised its stake in DXC Technology by 0.3% in the 3rd quarter. Ameriprise Financial Inc. now owns 2,992,875 shares of the company’s stock worth $62,342,000 after purchasing an additional 8,235 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its position in shares of DXC Technology by 21.8% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,541,257 shares of the company’s stock valued at $52,934,000 after buying an additional 455,115 shares in the last quarter. Institutional investors own 96.20% of the company’s stock.

DXC Technology Price Performance

DXC stock opened at $20.36 on Friday. The company has a 50 day simple moving average of $20.92 and a 200 day simple moving average of $21.92. The stock has a market cap of $3.72 billion, a price-to-earnings ratio of -10.66, a P/E/G ratio of 1.89 and a beta of 1.85. DXC Technology has a 1 year low of $18.61 and a 1 year high of $28.89. The company has a debt-to-equity ratio of 1.15, a current ratio of 1.11 and a quick ratio of 1.11.

DXC Technology (NYSE:DXC) last posted its earnings results on Thursday, February 1st. The company reported $0.87 earnings per share for the quarter, topping analysts’ consensus estimates of $0.77 by $0.10. DXC Technology had a negative net margin of 3.35% and a positive return on equity of 19.00%. The firm had revenue of $3.40 billion for the quarter, compared to analyst estimates of $3.36 billion. During the same period in the previous year, the firm posted $0.95 EPS. The company’s revenue for the quarter was down 4.7% compared to the same quarter last year. Research analysts anticipate that DXC Technology will post 3.03 EPS for the current fiscal year.

Insiders Place Their Bets

In other DXC Technology news, EVP William L. Deckelman, Jr. sold 18,102 shares of the business’s stock in a transaction that occurred 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 sale, the executive vice president now directly owns 124,806 shares of the company’s stock, valued at approximately $2,712,034.38. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.87% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on DXC shares. JPMorgan Chase & Co. cut shares of DXC Technology from a “neutral” rating to an “underweight” rating and dropped their target price for the company from $27.00 to $24.00 in a research report on Wednesday, January 24th. Citigroup cut shares of DXC Technology from a “neutral” rating to a “sell” rating and dropped their target price for the company from $24.00 to $21.00 in a research report on Wednesday, January 17th. Guggenheim started coverage on shares of DXC Technology in a research report on Tuesday, March 19th. They issued a “neutral” rating and a $22.00 target price for the company. Finally, Royal Bank of Canada restated a “sector perform” rating and issued a $24.00 target price on shares of DXC Technology in a research report on Friday, February 2nd. Three equities research analysts have rated the stock with a sell rating and six have given a hold rating to the stock. Based on data from MarketBeat.com, DXC Technology currently has a consensus rating of “Hold” and an average target price of $23.20.

DXC Technology Profile

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).