Quantinno Capital Management LP increased its position in DXC Technology Company. (NYSE:DXC – Free Report) by 622.0% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 563,258 shares of the company’s stock after buying an additional 485,245 shares during the quarter. Quantinno Capital Management LP’s holdings in DXC Technology were worth $7,080,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds have also added to or reduced their stakes in the company. EverSource Wealth Advisors LLC grew its holdings in DXC Technology by 240.6% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,737 shares of the company’s stock worth $27,000 after acquiring an additional 1,227 shares during the last quarter. Danske Bank A S increased its position in shares of DXC Technology by 280.0% during the fourth quarter. Danske Bank A S now owns 1,900 shares of the company’s stock worth $28,000 after buying an additional 1,400 shares during the period. Fifth Third Bancorp raised its position in shares of DXC Technology by 116.0% in the 4th quarter. Fifth Third Bancorp now owns 2,102 shares of the company’s stock worth $31,000 after acquiring an additional 1,129 shares in the last quarter. Hantz Financial Services Inc. increased its holdings in DXC Technology by 110.5% in 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 in the last quarter. Finally, CIBC Private Wealth Group LLC increased its stake in shares of DXC Technology by 13,258.8% in the 4th quarter. CIBC Private Wealth Group LLC now owns 2,271 shares of the company’s stock valued at $33,000 after acquiring an additional 2,254 shares in the last quarter. 96.20% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
Several brokerages recently issued reports on DXC. TD Cowen increased their target price on shares of DXC Technology from $10.00 to $12.00 and gave the stock a “hold” rating in a research note on Monday. BMO Capital Markets decreased their price target on shares of DXC Technology from $17.00 to $10.00 and set a “market perform” rating for the company in a research note on Monday, May 11th. Morgan Stanley set a $12.00 price objective on shares of DXC Technology in a report on Monday. Stifel Nicolaus reduced their target price on DXC Technology from $12.00 to $10.50 and set a “hold” rating for the company in a research note on Friday, July 31st. Finally, Royal Bank Of Canada decreased their target price on DXC Technology from $16.00 to $14.00 and set a “sector perform” rating for the company in a research report on Friday, July 31st. Seven research analysts have rated the stock with a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Reduce” and an average price target of $12.44.
Insider Buying and Selling at DXC Technology
In other DXC Technology news, CEO Raul J. Fernandez bought 28,051 shares of the stock in a transaction that occurred on Monday, May 11th. The shares were bought at an average price of $8.90 per share, for a total transaction of $249,653.90. Following the acquisition, 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 document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.13% of the stock is owned by corporate insiders.
DXC Technology Stock Performance
NYSE DXC opened at $11.12 on Thursday. The company has a market cap of $1.78 billion, a P/E ratio of 15.88 and a beta of 0.79. The company has a fifty day simple moving average of $9.54 and a 200 day simple moving average of $11.33. 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 released its quarterly earnings data on Thursday, July 30th. The company reported $0.40 earnings per share for the quarter, missing the consensus estimate of $0.41 by ($0.01). DXC Technology had a return on equity of 15.60% and a net margin of 0.99%.The business had revenue of $3 billion for the quarter, compared to analyst estimates of $2.99 billion. During the same quarter in the previous year, the company posted $0.68 EPS. The business’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. Sell-side analysts predict that DXC Technology Company. will post 2.6 earnings per share for the current fiscal 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.
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