Allianz Asset Management GmbH Has $13.85 Million Stock Holdings in DXC Technology Company. $DXC

Key Points

• Allianz Asset Management increased its DXC Technology stake by 58.3% in the second quarter, owning 1.56 million shares valued at approximately $13.85 million, or 0.98% of the company. Institutional investors collectively hold 96.2% of DXC’s shares.
• Analysts remain cautious: seven rate DXC a Hold and two a Sell, giving the stock an average “Reduce” rating and a consensus price target of $12.21. Recent target changes ranged from $10.50 to $14.00.
• DXC reported quarterly revenue of about $3.0 billion, slightly above estimates, but EPS of $0.40 missed expectations and revenue fell 5% year over year. Shares opened at $11.21, near their recent moving averages and below the one-year high of $15.68.

Allianz Asset Management GmbH boosted its holdings in shares of DXC Technology Company. (NYSE:DXC - Free Report) by 58.3% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,564,754 shares of the company's stock after acquiring an additional 576,353 shares during the quarter. Allianz Asset Management GmbH owned 0.98% of DXC Technology worth $13,848,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of the business. EverSource Wealth Advisors LLC raised its position in shares of DXC Technology by 240.6% during the second quarter. EverSource Wealth Advisors LLC now owns 1,737 shares of the company's stock worth $27,000 after acquiring an additional 1,227 shares during the last quarter. Hantz Financial Services Inc. raised its holdings in DXC Technology by 110.5% during the 4th quarter. Hantz Financial Services Inc. now owns 2,185 shares of the company's stock worth $32,000 after purchasing an additional 1,147 shares during the last quarter. CIBC Private Wealth Group LLC raised its holdings in DXC Technology by 13,258.8% during the 4th quarter. CIBC Private Wealth Group LLC now owns 2,271 shares of the company's stock worth $33,000 after purchasing an additional 2,254 shares during the last quarter. Headlands Technologies LLC acquired a new position in shares of DXC Technology in the 2nd quarter worth approximately $39,000. Finally, Bessemer Group Inc. lifted its position in shares of DXC Technology by 61.1% in the 1st quarter. Bessemer Group Inc. now owns 3,680 shares of the company's stock worth $47,000 after purchasing an additional 1,395 shares during the period. Institutional investors and hedge funds own 96.20% of the company's stock.

Analysts Set New Price Targets

DXC has been the topic of several recent analyst reports. Royal Bank Of Canada dropped their target price on shares of DXC Technology from $16.00 to $14.00 and set a "sector perform" rating on the stock in a report on Friday, July 31st. Zacks Research upgraded DXC Technology from a "strong sell" rating to a "hold" rating in a research report on Monday, July 13th. Stifel Nicolaus decreased their target price on DXC Technology from $12.00 to $10.50 and set a "hold" rating for the company in a research note on Friday, July 31st. Morgan Stanley set a $12.00 target price on DXC Technology in a report on Monday, August 3rd. Finally, TD Cowen boosted their price target on DXC Technology from $10.00 to $12.00 and gave the company a "hold" rating in a research note on Monday, August 3rd. Seven investment analysts have rated the stock with a Hold rating and two have issued a Sell rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Reduce" and a consensus target price of $12.21.

DXC Technology Stock Performance

Shares of DXC Technology stock opened at $11.21 on Wednesday. The business has a 50-day simple moving average of $10.50 and a 200 day simple moving average of $10.77. DXC Technology Company. has a one year low of $7.90 and a one year high of $15.68. The company has a debt-to-equity ratio of 0.90, a current ratio of 1.41 and a quick ratio of 1.41. The firm has a market capitalization of $1.79 billion, a price-to-earnings ratio of 16.02 and a beta of 0.80.

DXC Technology (NYSE:DXC - Get Free Report) last announced its quarterly earnings results on Thursday, July 30th. The company reported $0.40 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.41 by ($0.01). DXC Technology had a return on equity of 15.60% and a net margin of 0.99%.The firm had revenue of $3 billion during the quarter, compared to the consensus estimate of $2.99 billion. During the same quarter in the previous year, the company posted $0.68 EPS. The firm's revenue was down 5.0% on a year-over-year basis. DXC Technology has set its Q2 2027 guidance at 0.550-0.550 EPS. On average, research analysts anticipate that DXC Technology Company. will post 2.61 earnings per share for the current fiscal 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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