111 Capital Cuts Stake in DXC Technology Company. $DXC

Key Points

• 111 Capital reduced its stake in DXC Technology by 44.5%, selling 18,497 shares and leaving it with 23,110 shares worth approximately $353,000.
• Analysts have lowered their price targets for DXC Technology, with ranges dropping from $18.00 to as low as $14.00, while the average consensus target price stands at $15.60.
• DXC Technology reported $0.68 EPS for the last quarter, exceeding analysts' expectations, but experienced a 2.4% year-over-year revenue decline.

111 Capital lessened its holdings in shares of DXC Technology Company. (NYSE:DXC - Free Report) by 44.5% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 23,110 shares of the company's stock after selling 18,497 shares during the quarter. 111 Capital's holdings in DXC Technology were worth $353,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in DXC. Principal Financial Group Inc. grew its holdings in DXC Technology by 2.4% during the 1st quarter. Principal Financial Group Inc. now owns 898,356 shares of the company's stock valued at $15,317,000 after buying an additional 20,957 shares in the last quarter. Nuveen LLC purchased a new position in DXC Technology during the first quarter valued at $10,830,000. Jump Financial LLC purchased a new position in DXC Technology during the first quarter valued at $1,898,000. XTX Topco Ltd bought a new stake in DXC Technology in the 1st quarter valued at $1,570,000. Finally, Allspring Global Investments Holdings LLC lifted its stake in DXC Technology by 323.4% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 63,772 shares of the company's stock worth $1,106,000 after purchasing an additional 48,711 shares in the last quarter. 96.20% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on DXC shares. Royal Bank Of Canada cut their price objective on DXC Technology from $18.00 to $16.00 and set a "sector perform" rating for the company in a research report on Friday, August 1st. Wall Street Zen upgraded DXC Technology from a "hold" rating to a "buy" rating in a report on Sunday, July 20th. Morgan Stanley decreased their price objective on DXC Technology from $16.00 to $15.00 and set an "equal weight" rating on the stock in a report on Friday, August 1st. JPMorgan Chase & Co. lowered their target price on DXC Technology from $18.00 to $14.00 and set an "underweight" rating for the company in a research report on Wednesday, August 20th. Finally, Weiss Ratings restated a "sell (d)" rating on shares of DXC Technology in a research report on Saturday, September 27th. Five research analysts have rated the stock with a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Reduce" and a consensus target price of $15.60.

Insider Buying and Selling

In related news, SVP Christopher Anthony Voci sold 2,500 shares of the stock in a transaction dated Thursday, September 11th. The shares were sold at an average price of $14.52, for a total value of $36,300.00. Following the sale, the senior vice president directly owned 91,105 shares of the company's stock, valued at $1,322,844.60. This represents a 2.67% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 0.61% of the company's stock.

DXC Technology Price Performance

Shares of DXC Technology stock opened at $13.81 on Monday. The stock has a market cap of $2.47 billion, a price-to-earnings ratio of 6.70 and a beta of 1.12. The company has a debt-to-equity ratio of 0.90, a quick ratio of 1.22 and a current ratio of 1.22. The stock has a 50 day moving average price of $13.90 and a 200-day moving average price of $14.88. DXC Technology Company. has a one year low of $12.24 and a one year high of $24.83.

DXC Technology (NYSE:DXC - Get Free Report) last issued its quarterly earnings results on Thursday, July 31st. The company reported $0.68 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.64 by $0.04. DXC Technology had a return on equity of 18.59% and a net margin of 2.96%.The company had revenue of $3.16 billion during the quarter, compared to the consensus estimate of $3.06 billion. During the same period last year, the company earned $0.74 earnings per share. DXC Technology's revenue was down 2.4% on a year-over-year basis. DXC Technology has set its Q2 2026 guidance at 0.650-0.750 EPS. FY 2026 guidance at 2.850-3.350 EPS. Equities analysts expect that DXC Technology Company. will post 3.35 EPS for the current year.

DXC Technology Profile

DXC Technology Company, together with its subsidiaries, provides information technology services and solutions in the United States, the United Kingdom, rest of Europe, Australia, and internationally. It operates in two segments, Global Business Services (GBS) and Global Infrastructure Services (GIS).

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