UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Lowers Position in DXC Technology Company. $DXC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC reduced its stake in DXC Technology Company. (NYSE:DXC) by 27.9% in the second quarter, HoldingsChannel reports. The institutional investor owned 435,205 shares of the company’s stock after selling 168,048 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in DXC Technology were worth $3,852,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of the company. Empowered Funds LLC purchased a new position in shares of DXC Technology in the 2nd quarter worth about $2,189,000. United Capital Financial Advisors LLC purchased a new position in DXC Technology in the 2nd quarter valued at approximately $158,000. Capstone Investment Advisors LLC bought a new stake in shares of DXC Technology during the 2nd quarter valued at $168,000. Parvin Asset Management LLC purchased a new position in DXC Technology during the 2nd quarter valued at about $159,000. Finally, Corient Private Wealth LP bought a new stake in DXC Technology during the 2nd quarter worth approximately $1,874,000. Institutional investors own 96.20% of the company’s stock.

DXC Technology Trading Down 2.6%

Shares of NYSE:DXC opened at $10.92 on Thursday. 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 stock’s fifty day moving average price is $10.53 and its 200-day moving average price is $10.76. DXC Technology Company. has a 1 year low of $7.90 and a 1 year high of $15.68. The company has a market cap of $1.75 billion, a P/E ratio of 15.61 and a beta of 0.80.

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

Analysts Set New Price Targets

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

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.