Pacer Advisors Inc. lessened its stake in DXC Technology Company. (NYSE:DXC – Free Report) by 18.8% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,401,778 shares of the company’s stock after selling 323,537 shares during the period. Pacer Advisors Inc.’s holdings in DXC Technology were worth $17,620,000 as of its most recent SEC filing.
Other large investors have also recently bought and sold shares of the company. Glenmede Trust Co. NA lifted its holdings in DXC Technology by 13.3% during the 1st quarter. Glenmede Trust Co. NA now owns 880,260 shares of the company’s stock worth $11,065,000 after buying an additional 103,221 shares in the last quarter. Access Investment Management LLC acquired a new stake in shares of DXC Technology in the 1st quarter valued at $6,256,000. Bank of America Corp DE increased its stake in shares of DXC Technology by 41.1% in the 1st quarter. Bank of America Corp DE now owns 1,074,481 shares of the company’s stock valued at $13,506,000 after buying an additional 313,078 shares during the period. Amundi raised its position in shares of DXC Technology by 79.4% during the first quarter. Amundi now owns 45,502 shares of the company’s stock worth $572,000 after acquiring an additional 20,143 shares during the last quarter. Finally, California State Teachers Retirement System raised its position in shares of DXC Technology by 25.5% during the first quarter. California State Teachers Retirement System now owns 206,513 shares of the company’s stock worth $2,596,000 after acquiring an additional 42,026 shares during the last quarter. Institutional investors and hedge funds own 96.20% of the company’s stock.
Analyst Upgrades and Downgrades
Several brokerages have recently issued reports on DXC. Weiss Ratings lowered DXC Technology from a “sell (d+)” rating to a “sell (d)” rating in a research note on Monday, May 11th. BMO Capital Markets lowered their price objective on DXC Technology from $17.00 to $10.00 and set a “market perform” rating for the company in a research report on Monday, May 11th. TD Cowen boosted their price objective on DXC Technology from $10.00 to $12.00 and gave the stock a “hold” rating in a report on Monday. Stifel Nicolaus cut their target price on shares of DXC Technology from $12.00 to $10.50 and set a “hold” rating on the stock in a research report on Friday. Finally, Zacks Research raised shares of DXC Technology from a “strong sell” rating to a “hold” rating in a research note on Monday, July 13th. Seven analysts have rated the stock with a Hold rating and three have given a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Reduce” and a consensus target price of $12.44.
DXC Technology Trading Up 0.6%
NYSE DXC opened at $11.04 on Wednesday. The stock has a 50-day simple moving average of $9.50 and a 200 day simple moving average of $11.36. The company has a market capitalization of $1.76 billion, a PE ratio of 15.76 and a beta of 0.79. The company has a current ratio of 1.41, a quick ratio of 1.36 and a debt-to-equity ratio of 0.90. DXC Technology Company. has a 12 month low of $7.90 and a 12 month high of $15.68.
DXC Technology (NYSE:DXC – Get Free Report) last issued its 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 return on equity of 15.60% and a net margin of 0.99%.The company had revenue of $3 billion for the quarter, compared to the consensus estimate of $2.99 billion. During the same quarter last year, the business posted $0.68 EPS. DXC Technology’s quarterly revenue was down 5.0% on a year-over-year basis. DXC Technology has set its Q2 2027 guidance at 0.550-0.550 EPS. Research analysts forecast that DXC Technology Company. will post 2.6 EPS for the current year.
Insider Activity at DXC Technology
In other news, CEO Raul J. Fernandez purchased 28,051 shares of the business’s stock in a transaction that occurred on Monday, May 11th. The shares were acquired at an average cost of $8.90 per share, for a total transaction of $249,653.90. Following the transaction, the chief executive officer directly owned 844,052 shares of the company’s stock, valued at approximately $7,512,062.80. The trade was a 3.44% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this link. 1.13% of the stock is currently owned by company insiders.
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.
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