290,578 Shares in DXC Technology Company. $DXC Bought by GSA Capital Partners LLP

Key Points

• GSA Capital Partners acquired 290,578 shares of DXC Technology worth approximately $2.6 million, while institutional investors collectively owned 96.2% of the company’s stock.
• Analyst sentiment remains cautious: seven analysts rate DXC a “Hold” and three rate it a “Sell,” resulting in a consensus “Reduce” rating and a $12.44 price target.
• DXC reported quarterly revenue of $3.0 billion, slightly above estimates, but earnings per share missed expectations and revenue declined 5% year over year.

GSA Capital Partners LLP acquired a new position in DXC Technology Company. (NYSE:DXC - Free Report) during the second quarter, according to the company in its most recent filing with the SEC. The fund acquired 290,578 shares of the company's stock, valued at approximately $2,572,000. GSA Capital Partners LLP owned approximately 0.18% of DXC Technology at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Royal Bank of Canada increased its position in shares of DXC Technology by 156.3% during the first quarter. Royal Bank of Canada now owns 99,930 shares of the company's stock worth $1,703,000 after acquiring an additional 60,935 shares during the last quarter. Goldman Sachs Group Inc. boosted its holdings in DXC Technology by 4.1% in the first quarter. Goldman Sachs Group Inc. now owns 1,239,558 shares of the company's stock valued at $21,134,000 after purchasing an additional 49,228 shares during the last quarter. 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 valued at $12,542,000 after purchasing an additional 34,544 shares in the last quarter. Creative Planning grew its stake in DXC Technology by 83.9% during the 2nd quarter. Creative Planning now owns 21,863 shares of the company's stock valued at $334,000 after purchasing an additional 9,972 shares in the last quarter. Finally, EverSource Wealth Advisors LLC increased its holdings in DXC Technology by 240.6% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,737 shares of the company's stock worth $27,000 after purchasing an additional 1,227 shares during the last quarter. 96.20% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the company. TD Cowen increased their target price on DXC Technology from $10.00 to $12.00 and gave the company a "hold" rating in a research note on Monday, August 3rd. BMO Capital Markets dropped their price target on shares of DXC Technology from $17.00 to $10.00 and set a "market perform" rating for the company in a research note on Monday, May 11th. Stifel Nicolaus cut their price target on shares of DXC Technology from $12.00 to $10.50 and set a "hold" rating on the stock in a report on Friday, July 31st. Weiss Ratings reiterated a "sell (d)" rating on shares of DXC Technology in a research note on Friday, August 7th. Finally, Zacks Research raised shares of DXC Technology from a "strong sell" rating to a "hold" rating in a report on Monday, July 13th. Seven equities research analysts have rated the stock with a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Reduce" and a consensus price target of $12.44.

DXC Technology Price Performance

Shares of NYSE DXC opened at $10.79 on Friday. 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. The company has a market capitalization of $1.72 billion, a price-to-earnings ratio of 15.42 and a beta of 0.79. The business has a 50 day simple moving average of $9.72 and a 200-day simple moving average of $11.17.

DXC Technology (NYSE:DXC - Get Free Report) last released 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). The business had revenue of $3 billion for the quarter, compared to the consensus estimate of $2.99 billion. DXC Technology had a net margin of 0.99% and a return on equity of 15.60%. The firm's revenue for the quarter was down 5.0% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.68 EPS. DXC Technology has set its Q2 2027 guidance at 0.550-0.550 EPS. As a group, equities research analysts expect 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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