Algert Global LLC Sells 87,227 Shares of DXC Technology Company. $DXC

Key Points

• Algert Global LLC reduced its stake in DXC Technology by 28.5%, selling 87,227 shares, bringing its total ownership to 218,398 shares valued at approximately $3.72 million.
• DXC Technology reported a quarterly earnings per share (EPS) of $0.68, beating expectations by $0.04, but its revenue declined by 2.4% compared to the previous year.
• Wall Street analysts have mixed ratings on DXC Technology, with an average price target of $16.40, reflecting a cautious outlook on the stock's performance.

Algert Global LLC lessened its stake in DXC Technology Company. (NYSE:DXC - Free Report) by 28.5% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 218,398 shares of the company's stock after selling 87,227 shares during the period. Algert Global LLC owned 0.12% of DXC Technology worth $3,724,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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

DXC Technology Price Performance

Shares of DXC Technology stock opened at $13.9750 on Wednesday. The firm has a market cap of $2.50 billion, a PE ratio of 6.78 and a beta of 1.18. DXC Technology Company. has a twelve month low of $12.24 and a twelve month 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 business has a 50-day moving average price of $14.58 and a 200 day moving average price of $16.08.

DXC Technology (NYSE:DXC - Get Free Report) last issued its quarterly earnings data on Thursday, July 31st. The company reported $0.68 EPS for the quarter, beating the consensus estimate 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 for the quarter, compared to analyst estimates of $3.06 billion. During the same period last year, the company earned $0.74 earnings per share. DXC Technology's quarterly revenue was down 2.4% compared to the same quarter last year. DXC Technology has set its Q2 2026 guidance at 0.650-0.750 EPS. FY 2026 guidance at 2.850-3.350 EPS. Sell-side analysts predict that DXC Technology Company. will post 3.35 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on DXC shares. Wall Street Zen raised shares of DXC Technology from a "hold" rating to a "buy" rating in a report on Sunday, July 20th. BMO Capital Markets lowered their target price on DXC Technology from $26.00 to $17.00 and set a "market perform" rating on the stock in a research note on Thursday, May 15th. JPMorgan Chase & Co. dropped their target price on DXC Technology from $22.00 to $18.00 and set an "underweight" rating on the stock in a report on Wednesday, May 21st. Morgan Stanley reduced their price target on DXC Technology from $16.00 to $15.00 and set an "equal weight" rating for the company in a research report on Friday, August 1st. Finally, Royal Bank Of Canada decreased their price target 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. Five analysts have rated the stock with a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of "Reduce" and an average target price of $16.40.

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).

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