1,536,243 DXC Technology Company. $DXC Shares Purchased by State Street Corp

Key Points

• State Street increased its DXC Technology stake by 25% in the second quarter, purchasing 1.54 million shares to own 7.68 million shares, or approximately 4.81% of the company. Institutional investors collectively hold 96.2% of DXC’s stock.
• DXC reported quarterly revenue of $3.0 billion, slightly above estimates, but adjusted EPS of $0.40 missed expectations by $0.01. Revenue declined 5% year over year, while shares recently traded near $10.82.
• Analyst sentiment remains cautious, with seven Hold ratings and two Sell ratings producing a consensus “Reduce” rating and a $12.21 price target.

State Street Corp raised its position in DXC Technology Company. (NYSE:DXC - Free Report) by 25.0% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 7,683,280 shares of the company's stock after purchasing an additional 1,536,243 shares during the quarter. State Street Corp owned about 4.81% of DXC Technology worth $67,997,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in DXC. The Manufacturers Life Insurance Company boosted its position in shares of DXC Technology by 137.3% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 81,726 shares of the company's stock valued at $723,000 after purchasing an additional 47,284 shares during the period. Sequoia Financial Advisors LLC boosted its holdings in shares of DXC Technology by 171.2% in the second quarter. Sequoia Financial Advisors LLC now owns 89,521 shares of the company's stock worth $792,000 after buying an additional 56,508 shares during the period. WINTON GROUP Ltd boosted its holdings in shares of DXC Technology by 215.9% in the second quarter. WINTON GROUP Ltd now owns 143,129 shares of the company's stock worth $1,267,000 after buying an additional 97,818 shares during the period. Engineers Gate Manager LP increased its position in shares of DXC Technology by 100.8% in the second quarter. Engineers Gate Manager LP now owns 211,900 shares of the company's stock worth $1,875,000 after acquiring an additional 106,394 shares in the last quarter. Finally, Cidel Asset Management Inc. raised its holdings in shares of DXC Technology by 16.2% during the second 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 during the period. Institutional investors own 96.20% of the company's stock.

DXC Technology Trading Down 0.5%

Shares of NYSE:DXC opened at $10.82 on Friday. DXC Technology Company. has a 1 year low of $7.90 and a 1 year high of $15.68. The firm has a fifty day moving average price of $10.89 and a 200 day moving average price of $10.66. The company has a current ratio of 1.41, a quick ratio of 1.41 and a debt-to-equity ratio of 0.90. The stock has a market capitalization of $1.73 billion, a PE ratio of 15.46 and a beta of 0.80.

DXC Technology (NYSE:DXC - Get Free Report) last released its quarterly 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 company had revenue of $3 billion for the quarter, compared to the consensus estimate of $2.99 billion. DXC Technology had a return on equity of 15.60% and a net margin of 0.99%.The business's revenue was down 5.0% compared to the same quarter last year. During the same quarter last year, the company posted $0.68 EPS. DXC Technology has set its Q2 2027 guidance at 0.550-0.550 EPS. Analysts expect that DXC Technology Company. will post 2.61 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on DXC shares. Morgan Stanley set a $12.00 price target on shares of DXC Technology in a research report on Monday, August 3rd. Weiss Ratings reissued a "sell (d)" rating on shares of DXC Technology in a research note on Friday, August 7th. TD Cowen raised their target price on DXC Technology from $10.00 to $12.00 and gave the stock a "hold" rating in a research report on Monday, August 3rd. Royal Bank Of Canada lowered their price target on 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, Zacks Research raised DXC Technology from a "strong sell" rating to a "hold" rating in a research note on Monday, July 13th. Seven investment analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Reduce" and a consensus price target 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.

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