The Manufacturers Life Insurance Company acquired a new stake in DXC Technology Company. (NYSE:DXC – Free Report) during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor acquired 81,726 shares of the company’s stock, valued at approximately $723,000. The Manufacturers Life Insurance Company owned 0.05% of DXC Technology at the end of the most recent quarter.
A number of other hedge funds have also modified their holdings of the stock. Trajan Wealth LLC bought a new position in DXC Technology during the 2nd quarter valued at about $117,000. Cibc World Market Inc. bought a new stake in DXC Technology during the second quarter worth about $124,000. Sanctuary Advisors LLC acquired a new stake in shares of DXC Technology during the second quarter worth approximately $818,000. Evolve Private Wealth LLC acquired a new stake in shares of DXC Technology during the second quarter worth approximately $185,000. Finally, Hara Capital LLC bought a new position in shares of DXC Technology in the second quarter valued at approximately $2,318,000. 96.20% of the stock is owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
A number of equities analysts have commented on the company. Zacks Research raised DXC Technology from a “strong sell” rating to a “hold” rating in a research note on Monday, July 13th. Stifel Nicolaus cut their price target on DXC Technology from $12.00 to $10.50 and set a “hold” rating for the company in a report on Friday, July 31st. 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 report on Monday, August 3rd. Weiss Ratings restated a “sell (d)” rating on shares of DXC Technology in a research report on Friday, August 7th. Finally, Royal Bank Of Canada decreased their price target on shares of 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. Seven research analysts have rated the stock with a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Reduce” and a consensus target price of $12.21.
DXC Technology Stock Performance
DXC Technology stock opened at $11.64 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. DXC Technology Company. has a 1 year low of $7.90 and a 1 year high of $15.68. The company has a market cap of $1.86 billion, a PE ratio of 16.63 and a beta of 0.80. The company’s 50-day moving average is $10.40 and its two-hundred day moving average is $10.82.
DXC Technology (NYSE:DXC – Get Free Report) last issued its earnings results 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 business had revenue of $3 billion during the quarter, compared to the consensus estimate of $2.99 billion. DXC Technology had a net margin of 0.99% and a return on equity of 15.60%. The firm’s revenue for the quarter was down 5.0% compared to the same quarter last year. During the same period last year, the business posted $0.68 EPS. DXC Technology has set its Q2 2027 guidance at 0.550-0.550 EPS. Equities analysts anticipate that DXC Technology Company. will post 2.61 earnings per share 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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