247,291 Shares in DXC Technology Company. $DXC Bought by Empowered Funds LLC

Key Points

• Empowered Funds LLC bought 247,291 shares of DXC Technology during the second quarter, valued at approximately $2.19 million and representing about 0.15% of the company. Institutional investors collectively own 96.20% of DXC’s outstanding shares.
• Analyst sentiment remains cautious: seven analysts rate DXC a Hold and two rate it Sell, producing a consensus “Reduce” rating and an average price target of $12.21. Several brokerages recently lowered their targets, although TD Cowen and Morgan Stanley set targets of $12.
• DXC shares opened at $11.66 after rising 4.5%, while the company’s latest quarterly results showed $0.40 in adjusted EPS—slightly below estimates—and $3.0 billion in revenue, down 5% year over year.

Empowered Funds LLC bought a new position in shares of DXC Technology Company. (NYSE:DXC - Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 247,291 shares of the company's stock, valued at approximately $2,189,000. Empowered Funds LLC owned approximately 0.15% of DXC Technology as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in DXC. Royal Bank of Canada grew its position in shares of DXC Technology by 156.3% in the first quarter. Royal Bank of Canada now owns 99,930 shares of the company's stock valued at $1,703,000 after purchasing an additional 60,935 shares during the period. Goldman Sachs Group Inc. raised its holdings in shares of DXC Technology by 4.1% during the first quarter. Goldman Sachs Group Inc. now owns 1,239,558 shares of the company's stock valued at $21,134,000 after acquiring an additional 49,228 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in shares of DXC Technology by 4.9% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 735,597 shares of the company's stock valued at $12,542,000 after acquiring an additional 34,544 shares during the last quarter. Creative Planning lifted its position in shares of DXC Technology by 83.9% in the second quarter. Creative Planning now owns 21,863 shares of the company's stock valued at $334,000 after acquiring an additional 9,972 shares in the last quarter. Finally, EverSource Wealth Advisors LLC lifted its position in shares of DXC Technology by 240.6% in the second quarter. EverSource Wealth Advisors LLC now owns 1,737 shares of the company's stock valued at $27,000 after acquiring an additional 1,227 shares in the last quarter. Hedge funds and other institutional investors own 96.20% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on DXC. Morgan Stanley set a $12.00 price target on DXC Technology in a research report on Monday, August 3rd. Stifel Nicolaus lowered their target price on shares of DXC Technology from $12.00 to $10.50 and set a "hold" rating on the stock in a research note on Friday, July 31st. BMO Capital Markets dropped their target price on shares of DXC Technology from $17.00 to $10.00 and set a "market perform" rating for the company in a report on Monday, May 11th. Royal Bank Of Canada reduced their target price on shares of DXC Technology from $16.00 to $14.00 and set a "sector perform" rating for the company in a research report on Friday, July 31st. Finally, TD Cowen raised their price target 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. Seven research analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Reduce" and a consensus target price of $12.21.

DXC Technology Stock Up 4.5%

Shares of NYSE DXC opened at $11.66 on Thursday. The company has a 50 day simple moving average of $10.27 and a 200-day simple moving average of $10.83. The company has a market capitalization of $1.86 billion, a P/E ratio of 16.65 and a beta of 0.80. The company has a debt-to-equity ratio of 0.90, a current ratio of 1.41 and a quick ratio of 1.41. DXC Technology Company. has a 1 year low of $7.90 and a 1 year high of $15.68.

DXC Technology (NYSE:DXC - Get Free Report) last released its quarterly 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). The firm had revenue of $3 billion for the quarter, compared to analysts' expectations of $2.99 billion. DXC Technology had a net margin of 0.99% and a return on equity of 15.60%. The firm's quarterly revenue was down 5.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.68 EPS. DXC Technology has set its Q2 2027 guidance at 0.550-0.550 EPS. On average, equities research analysts predict 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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