Virtus Advisers LLC Makes New Investment in DXC Technology Company. $DXC

Key Points

• Virtus Advisers LLC acquired 86,901 shares of DXC Technology, marking a value of approximately $1.48 million, making it the firm's 6th largest holding.
• Multiple institutional investors, including Raymond James Financial and Hsbc Holdings PLC, have increased their stakes in DXC, which is currently owned 96.20% by institutional investors.
• DXC Technology recently reported earnings per share (EPS) of $0.68, beating forecasts, but noted a year-over-year revenue decline of 2.4% during the same quarter.

Virtus Advisers LLC acquired a new stake in shares of DXC Technology Company. (NYSE:DXC - Free Report) during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 86,901 shares of the company's stock, valued at approximately $1,482,000. DXC Technology comprises 1.9% of Virtus Advisers LLC's holdings, making the stock its 6th largest holding.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Byrne Asset Management LLC bought a new stake in shares of DXC Technology during the first quarter valued at approximately $33,000. Wealthquest Corp bought a new stake in shares of DXC Technology during the first quarter valued at approximately $49,000. Quarry LP raised its position in shares of DXC Technology by 604.1% during the fourth quarter. Quarry LP now owns 3,978 shares of the company's stock valued at $79,000 after buying an additional 3,413 shares during the last quarter. GAMMA Investing LLC raised its position in shares of DXC Technology by 37.4% during the first quarter. GAMMA Investing LLC now owns 4,507 shares of the company's stock valued at $77,000 after buying an additional 1,226 shares during the last quarter. Finally, CHICAGO TRUST Co NA bought a new stake in shares of DXC Technology during the first quarter valued at approximately $183,000. Institutional investors own 96.20% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on DXC shares. BMO Capital Markets reduced their price objective on shares of DXC Technology from $26.00 to $17.00 and set a "market perform" rating on the stock in a research report on Thursday, May 15th. Morgan Stanley cut their target price on shares of DXC Technology from $16.00 to $15.00 and set an "equal weight" rating for the company 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. Royal Bank Of Canada cut their target price on shares of DXC Technology from $18.00 to $16.00 and set a "sector perform" rating for the company in a report on Friday, August 1st. Finally, Guggenheim reissued a "neutral" rating on shares of DXC Technology in a report on Monday, May 12th. Five research analysts have rated the stock with a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat.com, DXC Technology presently has an average rating of "Reduce" and an average target price of $15.60.

DXC Technology Stock Down 0.7%

Shares of DXC stock traded down $0.10 on Thursday, hitting $14.21. The stock had a trading volume of 1,532,083 shares, compared to its average volume of 1,926,953. 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 business has a 50 day moving average price of $14.39 and a 200 day moving average price of $15.79. The company has a market cap of $2.54 billion, a PE ratio of 4.25 and a beta of 1.18. 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 announced its earnings results on Thursday, July 31st. The company reported $0.68 EPS for the quarter, topping analysts' consensus estimates of $0.64 by $0.04. The business had revenue of $3.16 billion during the quarter, compared to the consensus estimate of $3.06 billion. DXC Technology had a net margin of 2.96% and a return on equity of 18.59%. The firm's revenue was down 2.4% on a year-over-year basis. During the same period in the previous year, the company posted $0.74 earnings per share. DXC Technology has set its Q2 2026 guidance at 0.650-0.750 EPS. FY 2026 guidance at 2.850-3.350 EPS. Research analysts anticipate that DXC Technology Company. will post 3.35 earnings per share for the current fiscal 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).