Strs Ohio Purchases New Position in DXC Technology Company. $DXC

Key Points

• Strs Ohio purchased 75,492 shares of DXC Technology valued at approximately $1,287,000 during the first quarter, indicating strong institutional interest in the company.
• Recent analyst reports have led to price target reductions for DXC Technology shares, with targets set as low as $14.00 by JPMorgan Chase, while Wall Street Zen raised its rating to "buy."
• During its last earnings report, DXC Technology reported $0.68 earnings per share (EPS), beating estimates and highlighting a revenue of $3.16 billion despite a year-over-year decline.

Strs Ohio bought a new stake in DXC Technology Company. (NYSE:DXC - Free Report) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 75,492 shares of the company's stock, valued at approximately $1,287,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. BNP Paribas Financial Markets grew its holdings in DXC Technology by 83.2% during the fourth quarter. BNP Paribas Financial Markets now owns 23,464 shares of the company's stock valued at $469,000 after purchasing an additional 10,657 shares during the period. Millennium Management LLC grew its holdings in DXC Technology by 195.4% during the fourth quarter. Millennium Management LLC now owns 88,556 shares of the company's stock valued at $1,769,000 after purchasing an additional 58,576 shares during the period. Quantinno Capital Management LP bought a new position in DXC Technology during the fourth quarter valued at $268,000. Two Sigma Investments LP grew its holdings in DXC Technology by 24.5% during the fourth quarter. Two Sigma Investments LP now owns 31,499 shares of the company's stock valued at $629,000 after purchasing an additional 6,200 shares during the period. Finally, Vident Advisory LLC grew its holdings in DXC Technology by 2.5% during the fourth quarter. Vident Advisory LLC now owns 25,279 shares of the company's stock valued at $505,000 after purchasing an additional 624 shares during the period. 96.20% of the stock is owned by institutional investors.

Insider Activity

In related news, SVP Christopher Anthony Voci sold 2,500 shares of the business's stock in a transaction dated Thursday, September 11th. The stock was sold at an average price of $14.52, for a total transaction of $36,300.00. Following the transaction, the senior vice president owned 91,105 shares in the company, valued at $1,322,844.60. The trade was a 2.67% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.61% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the company. Royal Bank Of Canada reduced their price objective on DXC Technology from $18.00 to $16.00 and set a "sector perform" rating for the company in a report on Friday, August 1st. Morgan Stanley lowered their target price on shares of DXC Technology from $16.00 to $15.00 and set an "equal weight" rating on the stock in a report on Friday, August 1st. Wall Street Zen raised shares of DXC Technology from a "hold" rating to a "buy" rating in a report on Sunday, July 20th. Finally, JPMorgan Chase & Co. lowered their target price on shares of DXC Technology from $18.00 to $14.00 and set an "underweight" rating on the stock in a report on Wednesday, August 20th. Five investment analysts have rated the stock with a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of "Reduce" and a consensus target price of $15.60.

DXC Technology Trading Down 3.4%

Shares of NYSE DXC traded down $0.49 during midday trading on Friday, reaching $13.78. The company had a trading volume of 4,246,384 shares, compared to its average volume of 1,672,817. DXC Technology Company. has a one year low of $12.24 and a one year high of $24.83. The company has a quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 0.90. The firm's fifty day moving average price is $14.04 and its 200-day moving average price is $15.14. The stock has a market cap of $2.47 billion, a PE ratio of 6.69 and a beta of 1.16.

DXC Technology (NYSE:DXC - Get Free Report) last released its earnings results on Thursday, July 31st. The company reported $0.68 earnings per share for the quarter, beating 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 analyst estimates of $3.06 billion. During the same quarter in the previous year, the company posted $0.74 EPS. DXC Technology's revenue for the quarter 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. On average, equities research analysts anticipate that DXC Technology Company. will post 3.35 earnings per share 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).