Hsbc Holdings PLC Invests $1.65 Million in DXC Technology Company. $DXC

Hsbc Holdings PLC bought a new position in shares of DXC Technology Company. (NYSE:DXC) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 188,370 shares of the company’s stock, valued at approximately $1,653,000.

Other hedge funds have also made changes to their positions in the company. Royal Bank of Canada raised its holdings in DXC Technology by 156.3% in the 1st 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. boosted its position in DXC Technology by 4.1% in the 1st quarter. Goldman Sachs Group Inc. now owns 1,239,558 shares of the company’s stock valued at $21,134,000 after buying an additional 49,228 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in DXC Technology by 4.9% during 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 worth $12,542,000 after purchasing an additional 34,544 shares in the last quarter. Creative Planning increased its stake in shares of DXC Technology by 83.9% during the second quarter. Creative Planning now owns 21,863 shares of the company’s stock worth $334,000 after buying an additional 9,972 shares during the period. Finally, EverSource Wealth Advisors LLC increased its stake in shares of DXC Technology by 240.6% during the second quarter. EverSource Wealth Advisors LLC now owns 1,737 shares of the company’s stock worth $27,000 after buying an additional 1,227 shares during the period. Hedge funds and other institutional investors own 96.20% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently commented on DXC. TD Cowen increased their price objective on DXC Technology from $10.00 to $12.00 and gave the company a “hold” rating in a report on Monday, August 3rd. Zacks Research raised DXC Technology from a “strong sell” rating to a “hold” rating in a report on Monday, July 13th. Morgan Stanley set a $12.00 price target on shares of DXC Technology in a research note on Monday, August 3rd. 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. Finally, Stifel Nicolaus reduced their price objective on shares of DXC Technology from $12.00 to $10.50 and set a “hold” rating for the company in a research report on Friday, July 31st. Seven research analysts have rated the stock with a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat.com, DXC Technology has an average rating of “Reduce” and an average price target of $12.21.

DXC Technology Trading Up 0.3%

NYSE DXC opened at $11.24 on Monday. The firm’s fifty day moving average is $10.09 and its two-hundred day moving average is $10.88. DXC Technology Company. has a one year low of $7.90 and a one year high of $15.68. The company has a debt-to-equity ratio of 0.90, a quick ratio of 1.41 and a current ratio of 1.41. The firm has a market cap of $1.80 billion, a PE ratio of 16.06 and a beta of 0.79.

DXC Technology (NYSE:DXC) last announced its earnings results on Thursday, July 30th. The company reported $0.40 earnings per share 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 business had revenue of $3 billion for the quarter, compared to analyst estimates of $2.99 billion. During the same quarter last year, the company posted $0.68 EPS. DXC Technology’s quarterly revenue was down 5.0% on a year-over-year basis. DXC Technology has set its Q2 2027 guidance at 0.550-0.550 EPS. Analysts expect that DXC Technology Company. will post 2.61 earnings per share for the current 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.