DXC Technology Company. $DXC Shares Purchased by The Manufacturers Life Insurance Company

The Manufacturers Life Insurance Company raised its stake in shares of DXC Technology Company. (NYSE:DXC) by 137.3% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 81,726 shares of the company’s stock after purchasing an additional 47,284 shares during the period. The Manufacturers Life Insurance Company’s holdings in DXC Technology were worth $723,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Hantz Financial Services Inc. lifted its holdings in shares of DXC Technology by 110.5% in the 4th quarter. Hantz Financial Services Inc. now owns 2,185 shares of the company’s stock worth $32,000 after acquiring an additional 1,147 shares during the last quarter. Bessemer Group Inc. raised its position in DXC Technology by 61.1% in the 1st quarter. Bessemer Group Inc. now owns 3,680 shares of the company’s stock valued at $47,000 after purchasing an additional 1,395 shares in the last quarter. Covestor Ltd raised its holdings in shares of DXC Technology by 31.2% in the 2nd quarter. Covestor Ltd now owns 6,603 shares of the company’s stock valued at $58,000 after purchasing an additional 1,570 shares in the last quarter. Versant Capital Management Inc lifted its stake in DXC Technology by 47.4% during the second quarter. Versant Capital Management Inc now owns 7,474 shares of the company’s stock worth $66,000 after purchasing an additional 2,404 shares during the last quarter. Finally, Rothschild Investment LLC raised its holdings in DXC Technology by 83.4% during the fourth quarter. Rothschild Investment LLC now owns 5,467 shares of the company’s stock worth $80,000 after purchasing an additional 2,486 shares in the last quarter. Institutional investors and hedge funds own 96.20% of the company’s stock.

DXC Technology Stock Performance

DXC opened at $12.15 on Tuesday. The company has a quick ratio of 1.41, a current ratio of 1.41 and a debt-to-equity ratio of 0.90. DXC Technology Company. has a fifty-two week low of $7.90 and a fifty-two week high of $15.68. The firm has a market cap of $1.94 billion, a PE ratio of 17.36 and a beta of 0.80. The business has a fifty day simple moving average of $10.62 and a 200-day simple moving average of $10.74.

DXC Technology (NYSE:DXC) last released its quarterly earnings results on Thursday, July 30th. The company reported $0.40 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.41 by ($0.01). DXC Technology had a net margin of 0.99% and a return on equity of 15.60%. The firm had revenue of $3 billion for the quarter, compared to analyst estimates of $2.99 billion. During the same quarter in the prior year, the firm earned $0.68 EPS. The firm’s revenue was down 5.0% compared to the same quarter last year. DXC Technology has set its Q2 2027 guidance at 0.550-0.550 EPS. As a group, equities analysts predict that DXC Technology Company. will post 2.61 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the stock. Royal Bank Of Canada cut their target price on shares of DXC Technology from $16.00 to $14.00 and set a “sector perform” rating for the company in a research note on Friday, July 31st. Morgan Stanley set a $12.00 price objective on shares of DXC Technology in a research note on Monday, August 3rd. Zacks Research upgraded DXC Technology from a “strong sell” rating to a “hold” rating in a report on Monday, July 13th. Stifel Nicolaus lowered their price objective on DXC Technology from $12.00 to $10.50 and set a “hold” rating for the company in a research report on Friday, July 31st. Finally, Weiss Ratings restated a “sell (d)” rating on shares of DXC Technology in a report on Friday, August 7th. Seven equities research analysts have rated the stock with a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Reduce” and an average target price of $12.21.

About DXC Technology

DXC Technology (NYSE: DXC) is a global information technology services company that helps businesses and government organizations modernize, manage and secure their technology environments. Its services include IT consulting, systems integration, application development and modernization, cloud computing, cybersecurity, data and analytics, and managed infrastructure.

The company also provides workplace and end-user computing services, enterprise application services, and technology support for complex operating environments.