Legal & General Group Plc cut its stake in shares of DXC Technology Company. (NYSE:DXC – Free Report) by 13.3% in the fourth quarter, Holdings Channel reports. The firm owned 506,517 shares of the company’s stock after selling 78,010 shares during the quarter. Legal & General Group Plc’s holdings in DXC Technology were worth $7,420,000 at the end of the most recent quarter.
A number of other institutional investors have also made changes to their positions in the stock. Smartleaf Asset Management LLC grew its stake in shares of DXC Technology by 38.2% during the third quarter. Smartleaf Asset Management LLC now owns 2,814 shares of the company’s stock worth $38,000 after purchasing an additional 778 shares during the period. Arizona State Retirement System grew its stake in shares of DXC Technology by 1.8% during the third quarter. Arizona State Retirement System now owns 53,799 shares of the company’s stock worth $733,000 after purchasing an additional 961 shares during the period. Fifth Third Bancorp grew its stake in shares of DXC Technology by 116.0% during the fourth quarter. Fifth Third Bancorp now owns 2,102 shares of the company’s stock worth $31,000 after purchasing an additional 1,129 shares during the period. Hantz Financial Services Inc. grew its stake in shares of DXC Technology by 110.5% during the fourth quarter. Hantz Financial Services Inc. now owns 2,185 shares of the company’s stock worth $32,000 after purchasing an additional 1,147 shares during the period. Finally, EverSource Wealth Advisors LLC grew its stake in shares of DXC Technology by 240.6% during the second quarter. EverSource Wealth Advisors LLC now owns 1,737 shares of the company’s stock worth $27,000 after purchasing an additional 1,227 shares during the period. 96.20% of the stock is owned by institutional investors and hedge funds.
Analysts Set New Price Targets
DXC has been the topic of several recent analyst reports. Weiss Ratings lowered DXC Technology from a “sell (d+)” rating to a “sell (d)” rating in a report on Monday, May 11th. Stifel Nicolaus set a $12.00 target price on DXC Technology in a report on Friday, May 8th. Morgan Stanley reduced their target price on DXC Technology from $15.00 to $9.00 and set an “equal weight” rating on the stock in a report on Thursday, May 14th. TD Cowen reduced their target price on DXC Technology from $15.00 to $14.00 and set a “hold” rating on the stock in a report on Monday, April 6th. Finally, BMO Capital Markets reduced their target price on DXC Technology from $17.00 to $10.00 and set a “market perform” rating on the stock in a report on Monday, May 11th. Six analysts have rated the stock with a Hold rating and four have given a Sell rating to the company’s stock. According to MarketBeat, DXC Technology presently has a consensus rating of “Reduce” and an average target price of $12.75.
Insider Activity at DXC Technology
In other news, CEO Raul J. Fernandez purchased 28,051 shares of the business’s stock in a transaction dated Monday, May 11th. The shares were bought at an average cost of $8.90 per share, for a total transaction of $249,653.90. Following the completion of the acquisition, the chief executive officer directly owned 844,052 shares in the company, valued at approximately $7,512,062.80. This trade represents a 3.44% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.61% of the stock is currently owned by company insiders.
DXC Technology Stock Performance
DXC stock opened at $9.00 on Friday. The business’s 50-day moving average price is $11.00 and its two-hundred day moving average price is $12.79. The company has a current ratio of 1.36, a quick ratio of 1.36 and a debt-to-equity ratio of 0.94. The firm has a market cap of $1.47 billion, a PE ratio of 149.92 and a beta of 0.81. DXC Technology Company. has a 1-year low of $7.90 and a 1-year high of $16.45.
DXC Technology (NYSE:DXC – Get Free Report) last posted its earnings results on Thursday, May 7th. The company reported $0.77 earnings per share for the quarter, topping the consensus estimate of $0.70 by $0.07. The firm had revenue of $3.13 billion for the quarter, compared to analyst estimates of $3.17 billion. DXC Technology had a return on equity of 17.24% and a net margin of 0.14%.The company’s revenue for the quarter was down 1.2% on a year-over-year basis. During the same period in the previous year, the company posted $0.84 earnings per share. DXC Technology has set its Q1 2027 guidance at 0.400-0.400 EPS and its FY 2027 guidance at 2.400-2.900 EPS. As a group, research analysts forecast that DXC Technology Company. will post 2.64 earnings per share for the current year.
About DXC Technology
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.
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