DXC Technology Company. $DXC Shares Purchased by Engineers Gate Manager LP

Engineers Gate Manager LP grew its position in shares of DXC Technology Company. (NYSE:DXC) by 100.8% during the second quarter, Holdings Channel reports. The firm owned 211,900 shares of the company’s stock after acquiring an additional 106,394 shares during the quarter. Engineers Gate Manager LP’s holdings in DXC Technology were worth $1,875,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Cidel Asset Management Inc. grew its position in DXC Technology by 16.2% in the 2nd quarter. Cidel Asset Management Inc. now owns 14,217 shares of the company’s stock valued at $126,000 after acquiring an additional 1,978 shares in the last quarter. Nykredit A S acquired a new stake in shares of DXC Technology during the second quarter worth about $36,106,000. Allianz Asset Management GmbH lifted its position in shares of DXC Technology by 58.3% during the second quarter. Allianz Asset Management GmbH now owns 1,564,754 shares of the company’s stock worth $13,848,000 after purchasing an additional 576,353 shares in the last quarter. Amundi boosted its stake in shares of DXC Technology by 1,084.6% in the second quarter. Amundi now owns 539,016 shares of the company’s stock valued at $4,770,000 after purchasing an additional 493,514 shares during the period. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new position in shares of DXC Technology in the second quarter valued at approximately $317,000. 96.20% of the stock is currently owned by hedge funds and other institutional investors.

DXC Technology Price Performance

Shares of DXC opened at $12.04 on Wednesday. The firm has a market capitalization of $1.92 billion, a price-to-earnings ratio of 17.19 and a beta of 0.80. The firm’s fifty day simple moving average is $10.66 and its 200-day simple moving average is $10.74. DXC Technology Company. has a twelve month low of $7.90 and a twelve month high of $15.68. 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 (NYSE:DXC) last posted 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 net margin of 0.99% and a return on equity of 15.60%. The business had revenue of $3 billion during the quarter, compared to analysts’ expectations of $2.99 billion. During the same period last year, the company earned $0.68 EPS. The business’s quarterly revenue 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. Equities analysts forecast that DXC Technology Company. will post 2.61 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on DXC shares. TD Cowen upped their target price 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. Royal Bank Of Canada cut their price objective on DXC Technology from $16.00 to $14.00 and set a “sector perform” rating on the stock in a research report on Friday, July 31st. Stifel Nicolaus reduced their price objective on DXC Technology from $12.00 to $10.50 and set a “hold” 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, Weiss Ratings reissued a “sell (d)” rating on shares of DXC Technology in a research note on Friday, August 7th. Seven research analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Reduce” and an average target price of $12.21.

DXC Technology Profile

DXC Technology (NYSE: DXC) is a global information technology services company that helps businesses and government organizations modernize, manage and secure their technology environments. Its services include IT consulting, systems integration, application development and modernization, cloud computing, cybersecurity, data and analytics, and managed infrastructure.

The company also provides workplace and end-user computing services, enterprise application services, and technology support for complex operating environments.