Great Lakes Advisors LLC purchased a new stake in shares of DXC Technology Company. (NYSE:DXC – Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor purchased 290,062 shares of the company’s stock, valued at approximately $2,567,000.
A number of other institutional investors also recently modified their holdings of the company. Royal Bank of Canada increased its position in shares of DXC Technology by 156.3% during the first quarter. Royal Bank of Canada now owns 99,930 shares of the company’s stock valued at $1,703,000 after buying an additional 60,935 shares during the period. Goldman Sachs Group Inc. grew its stake in DXC Technology by 4.1% in the first quarter. Goldman Sachs Group Inc. now owns 1,239,558 shares of the company’s stock worth $21,134,000 after purchasing an additional 49,228 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in DXC Technology by 4.9% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 735,597 shares of the company’s stock worth $12,542,000 after purchasing an additional 34,544 shares in the last quarter. Creative Planning lifted its position in DXC Technology by 83.9% during the second quarter. Creative Planning now owns 21,863 shares of the company’s stock valued at $334,000 after buying an additional 9,972 shares during the period. Finally, EverSource Wealth Advisors LLC boosted its holdings in shares of DXC Technology by 240.6% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,737 shares of the company’s stock valued at $27,000 after buying an additional 1,227 shares in the last quarter. 96.20% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Ratings Changes
A number of equities analysts recently issued reports on the stock. TD Cowen upped 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. Morgan Stanley set a $12.00 target price on DXC Technology in a research report on Monday, August 3rd. Zacks Research upgraded shares of DXC Technology from a “strong sell” rating to a “hold” rating in a research report on Monday, July 13th. BMO Capital Markets dropped their target price on shares of 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. Finally, Weiss Ratings reiterated a “sell (d)” rating on shares of DXC Technology in a research report on Friday, August 7th. Seven research analysts have rated the stock with a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, DXC Technology currently has an average rating of “Reduce” and a consensus price target of $12.21.
DXC Technology Price Performance
NYSE DXC opened at $10.81 on Friday. 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 firm has a market capitalization of $1.73 billion, a P/E ratio of 15.44 and a beta of 0.79. The firm’s fifty day simple moving average is $9.89 and its two-hundred day simple moving average is $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 announced its quarterly earnings data on Thursday, July 30th. The company reported $0.40 earnings per share (EPS) for the quarter, missing the consensus estimate 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 company’s revenue for the quarter was down 5.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.68 earnings per share. DXC Technology has set its Q2 2027 guidance at 0.550-0.550 EPS. Analysts forecast that DXC Technology Company. will post 2.61 EPS for the current fiscal 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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