From MarketBeat:
Teacher Retirement System of Texas has decreased its position in DXC Technology by 73.2% in the third quarter, selling 44,758 shares to bring the total to 16,387. Other institutional investors have also acquired or reduced their stakes in DXC Technology, with the total institutional ownership at 88.09%. Market valuation for DXC Technology on the NYSE took a hit when the company’s stocks dropped to $21.67. With a 12-month low of $18.61 and a high of $29.85, DXC trades at a market capitalization of $4.20 billion, and has a P/E ratio of -8.77. DXC Technology Company, specializing in information technology services and solutions, reported $3.40 billion in revenue and an earnings per share of $0.87 for the last quarter. Several brokerages have downgraded DXC Technology stock. JPMorgan Chase, Royal Bank of Canada, and Citigroup are among the brokerages which lowered shares to “underweight” and “$24.00.” This data has caused the current consensus rating of the stock to be “Hold,” and the average target price to be $23.33.
Read more: Teacher Retirement System of Texas Cuts Stock Position in DXC Technology (NYSE:DXC)