DXC Technology Company. $DXC Position Boosted by BlackRock Inc.

BlackRock Inc. boosted its holdings in DXC Technology Company. (NYSE:DXC) by 21.5% during the 2nd quarter, Holdings Channel reports. The fund owned 28,276,735 shares of the company’s stock after acquiring an additional 4,994,936 shares during the quarter. BlackRock Inc. owned about 0.18% of DXC Technology worth $250,249,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP increased its position in shares of DXC Technology by 2.6% during the 1st quarter. Dimensional Fund Advisors LP now owns 10,029,966 shares of the company’s stock valued at $126,068,000 after purchasing an additional 258,819 shares during the period. CastleKnight Management LP raised its stake in shares of DXC Technology by 344.7% in the 4th quarter. CastleKnight Management LP now owns 324,651 shares of the company’s stock worth $4,756,000 after buying an additional 251,651 shares in the last quarter. GSA Capital Partners LLP acquired a new stake in shares of DXC Technology in the second quarter valued at $2,572,000. SG Americas Securities LLC boosted its stake in DXC Technology by 42.0% during the first quarter. SG Americas Securities LLC now owns 1,068,547 shares of the company’s stock valued at $13,432,000 after buying an additional 316,218 shares in the last quarter. Finally, SEB Asset Management AB bought a new position in DXC Technology during the first quarter valued at about $12,103,000. Institutional investors own 96.20% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the company. Royal Bank Of Canada lowered their target price on DXC Technology from $16.00 to $14.00 and set a “sector perform” rating on the stock in a report on Friday, July 31st. TD Cowen upped their price target on shares of DXC Technology from $10.00 to $12.00 and gave the company a “hold” rating in a report on Monday, August 3rd. Morgan Stanley set a $12.00 price objective on shares of DXC Technology in a research report on Monday, August 3rd. Weiss Ratings reiterated a “sell (d)” rating on shares of DXC Technology in a report on Friday, August 7th. Finally, Stifel Nicolaus cut their target price on shares of DXC Technology from $12.00 to $10.50 and set a “hold” rating for the company in a research note on Friday, July 31st. Seven investment analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Reduce” and an average price target of $12.21.

DXC Technology Stock Performance

DXC Technology stock opened at $10.53 on Thursday. DXC Technology Company. has a fifty-two week low of $7.90 and a fifty-two week high of $15.68. The firm’s 50 day simple moving average is $9.99 and its 200-day simple moving average is $10.93. The company has a debt-to-equity ratio of 0.90, a current ratio of 1.41 and a quick ratio of 1.41. The company has a market cap of $1.68 billion, a P/E ratio of 15.04 and a beta of 0.79.

DXC Technology (NYSE:DXC) last issued its quarterly earnings results on Thursday, July 30th. The company reported $0.40 EPS for the quarter, missing the consensus estimate 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 during the quarter, compared to analysts’ expectations of $2.99 billion. During the same quarter last year, the company posted $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 research analysts predict that DXC Technology Company. will post 2.61 EPS for the current year.

DXC Technology Company Profile

DXC Technology, headquartered in Tysons Corner, Virginia, is a global leader in IT services and solutions. The company was formed in 2017 through the merger of Computer Sciences Corporation (CSC) and the Enterprise Services business of Hewlett Packard Enterprise, combining decades of experience in consulting, systems integration and managed services. Since its inception, DXC has focused on helping clients modernize IT environments and drive digital transformation across their organizations.

DXC Technology’s core service offerings encompass cloud and platform services, applications and analytics, security, and workplace and mobility solutions.