Hara Capital LLC acquired a new stake in shares of DXC Technology Company. (NYSE:DXC – Free Report) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 261,893 shares of the company’s stock, valued at approximately $2,318,000. DXC Technology accounts for about 1.2% of Hara Capital LLC’s holdings, making the stock its 25th largest holding. Hara Capital LLC owned 0.16% of DXC Technology as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. BlackRock Inc. lifted its stake in shares of DXC Technology by 21.5% during the 2nd quarter. BlackRock Inc. now owns 28,276,735 shares of the company’s stock worth $250,249,000 after purchasing an additional 4,994,936 shares during the period. AQR Capital Management LLC grew its position in shares of DXC Technology by 97.0% in the second quarter. AQR Capital Management LLC now owns 3,933,973 shares of the company’s stock valued at $60,150,000 after purchasing an additional 1,936,726 shares during the period. UBS Group AG increased its stake in DXC Technology by 131.2% in the third quarter. UBS Group AG now owns 2,047,395 shares of the company’s stock valued at $27,906,000 after purchasing an additional 1,161,879 shares during the last quarter. Qube Research & Technologies Ltd increased its stake in DXC Technology by 1,156.1% in the second quarter. Qube Research & Technologies Ltd now owns 1,132,578 shares of the company’s stock valued at $17,317,000 after purchasing an additional 1,042,409 shares during the last quarter. Finally, SEB Asset Management AB purchased a new position in DXC Technology during the first quarter worth about $12,103,000. 96.20% of the stock is owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
Several research firms have commented on DXC. BMO Capital Markets lowered their price target on DXC Technology from $17.00 to $10.00 and set a “market perform” rating for the company in a report on Monday, May 11th. Royal Bank Of Canada cut their price objective on shares of DXC Technology from $16.00 to $14.00 and set a “sector perform” rating on the stock in a report on Friday, July 31st. Weiss Ratings reissued a “sell (d)” rating on shares of DXC Technology in a research report 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, TD Cowen increased their price target on shares of DXC Technology from $10.00 to $12.00 and gave the stock a “hold” rating in a research note on Monday, August 3rd. Seven equities research analysts have rated the stock with a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Reduce” and an average target price of $12.21.
DXC Technology Price Performance
DXC stock opened at $10.71 on Friday. The company has a market cap of $1.71 billion, a PE ratio of 15.30 and a beta of 0.79. The company has a current ratio of 1.41, a quick ratio of 1.41 and a debt-to-equity ratio of 0.90. The stock has a 50-day moving average price of $9.86 and a two-hundred day moving average price of $11.03. 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 EPS for the quarter, missing analysts’ consensus estimates of $0.41 by ($0.01). The firm had revenue of $3 billion during the quarter, compared to analysts’ expectations of $2.99 billion. DXC Technology had a return on equity of 15.60% and a net margin of 0.99%.The business’s revenue for the quarter was down 5.0% compared to the same quarter last year. During the same quarter last year, the business earned $0.68 earnings per share. DXC Technology has set its Q2 2027 guidance at 0.550-0.550 EPS. As a group, research analysts predict that DXC Technology Company. will post 2.61 EPS for the current year.
DXC Technology 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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