Robeco Institutional Asset Management B.V. lessened its holdings in DXC Technology Company. (NYSE:DXC – Free Report) by 13.5% during the third quarter, Holdings Channel.com reports. The firm owned 421,358 shares of the company’s stock after selling 65,856 shares during the quarter. Robeco Institutional Asset Management B.V.’s holdings in DXC Technology were worth $4,563,000 at the end of the most recent quarter.
A number of other large investors also recently added to or reduced their stakes in DXC. Nykredit A S bought a new stake in DXC Technology in the second quarter worth $51,580,000. BlackRock Inc. boosted its position in DXC Technology by 21.5% during the second quarter. BlackRock Inc. now owns 28,276,735 shares of the company’s stock valued at $250,249,000 after buying an additional 4,994,936 shares during the period. State Street Corp grew its stake in shares of DXC Technology by 25.0% during the second quarter. State Street Corp now owns 7,683,280 shares of the company’s stock valued at $67,997,000 after buying an additional 1,536,243 shares during the last quarter. Bank of America Corp DE bought a new position in shares of DXC Technology during the second quarter valued at about $11,706,000. Finally, SEB Asset Management AB bought a new position in shares of DXC Technology during the first quarter valued at about $12,103,000. Hedge funds and other institutional investors own 96.20% of the company’s stock.
DXC Technology Trading Up 0.1%
NYSE:DXC opened at $16.09 on Friday. The firm has a market capitalization of $2.57 billion, a P/E ratio of 22.98 and a beta of 0.79. The company has a quick ratio of 1.41, a current ratio of 1.41 and a debt-to-equity ratio of 0.90. The company has a fifty day moving average of $11.80 and a 200 day moving average of $10.76. DXC Technology Company. has a 52 week low of $7.90 and a 52 week high of $16.17.
DXC Technology (NYSE:DXC – Get Free Report) last announced its quarterly 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). The firm had revenue of $3 billion during the quarter, compared to the consensus estimate of $2.99 billion. DXC Technology had a return on equity of 15.60% and a net margin of 0.99%. DXC Technology’s revenue was down 5.0% on a year-over-year basis. During the same period last year, the business earned $0.68 EPS. DXC Technology has set its Q2 2027 guidance at 0.550-0.550 EPS. On average, research analysts predict that DXC Technology Company. will post 2.59 earnings per share for the current year.
Analyst Upgrades and Downgrades
Several research firms have recently commented on DXC. Royal Bank Of Canada decreased their price objective on 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 upgraded DXC Technology from a “sell (d)” rating to a “sell (d+)” rating in a report on Tuesday, October 6th. Stifel Nicolaus reduced their price target on DXC Technology from $12.00 to $10.50 and set a “hold” rating on the stock in a research report on Friday, July 31st. Morgan Stanley set a $12.00 price target on DXC Technology in a research note on Monday, August 3rd. Finally, Zacks Research raised DXC Technology from a “strong sell” rating to a “hold” rating in a research note on Monday, July 13th. Seven equities research analysts have rated the stock with a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Reduce” and a consensus target price of $12.21.
View Our Latest Research Report on DXC Technology
About DXC Technology
DXC Technology (NYSE: DXC) is a global information technology services and solutions company that helps organizations modernize and manage their technology environments. Its services include consulting, application development and management, cloud migration and operations, cybersecurity, data and analytics, enterprise technology management, and workplace and end-user services.
The company serves businesses and government organizations across a range of industries, including financial services, healthcare, insurance, manufacturing, aerospace and defense, automotive, retail, and the public sector.
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