Empowered Funds LLC Makes New $2.19 Million Investment in DXC Technology Company. $DXC

Empowered Funds LLC bought a new position in shares of DXC Technology Company. (NYSE:DXCFree Report) in the 2nd quarter, HoldingsChannel reports. The fund bought 247,291 shares of the company’s stock, valued at approximately $2,189,000.

A number of other institutional investors have also made changes to their positions in DXC. Royal Bank of Canada lifted its holdings in shares of DXC Technology by 156.3% in the 1st quarter. Royal Bank of Canada now owns 99,930 shares of the company’s stock worth $1,703,000 after acquiring an additional 60,935 shares during the last quarter. Goldman Sachs Group Inc. boosted its position in shares of DXC Technology by 4.1% during the 1st 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 increased its holdings in DXC Technology by 4.9% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 735,597 shares of the company’s stock valued at $12,542,000 after purchasing an additional 34,544 shares during the last quarter. Creative Planning increased its holdings in DXC Technology by 83.9% in the 2nd quarter. Creative Planning now owns 21,863 shares of the company’s stock valued at $334,000 after purchasing an additional 9,972 shares during the last quarter. Finally, EverSource Wealth Advisors LLC raised its position in DXC Technology by 240.6% in the second quarter. EverSource Wealth Advisors LLC now owns 1,737 shares of the company’s stock valued at $27,000 after purchasing an additional 1,227 shares during the period. 96.20% of the stock is currently owned by institutional investors and hedge funds.

DXC Technology Stock Up 4.5%

DXC Technology stock opened at $11.66 on Thursday. The firm has a market capitalization of $1.86 billion, a P/E ratio of 16.65 and a beta of 0.80. The company has a current ratio of 1.41, a quick ratio of 1.41 and a debt-to-equity ratio of 0.90. DXC Technology Company. has a twelve month low of $7.90 and a twelve month high of $15.68. The stock’s fifty day simple moving average is $10.27 and its 200-day simple moving average is $10.83.

DXC Technology (NYSE:DXCGet Free Report) last released its earnings results on Thursday, July 30th. The company reported $0.40 EPS 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 company had revenue of $3 billion for the quarter, compared to analyst estimates of $2.99 billion. During the same period in the previous year, the firm earned $0.68 earnings per share. The company’s revenue for the quarter was down 5.0% compared to the same quarter last year. DXC Technology has set its Q2 2027 guidance at 0.550-0.550 EPS. As a group, equities analysts expect that DXC Technology Company. will post 2.61 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts have commented on the company. TD Cowen upped their price target on DXC Technology from $10.00 to $12.00 and gave the stock a “hold” rating in a research note on Monday, August 3rd. Weiss Ratings reiterated a “sell (d)” rating on shares of DXC Technology in a report on Friday, August 7th. Royal Bank Of Canada decreased their target price on DXC Technology from $16.00 to $14.00 and set a “sector perform” rating on the stock in a research note on Friday, July 31st. Zacks Research upgraded DXC Technology from a “strong sell” rating to a “hold” rating in a report on Monday, July 13th. Finally, Morgan Stanley set a $12.00 target price on DXC Technology in a research report on Monday, August 3rd. Seven research analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Reduce” and a consensus target price of $12.21.

Read Our Latest Analysis on DXC

DXC Technology Profile

(Free Report)

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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Institutional Ownership by Quarter for DXC Technology (NYSE:DXC)

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