American Century Companies Inc. Raises Stock Position in DXC Technology Company. $DXC

Key Points

• American Century Companies Inc. increased its stake in DXC Technology by 11.8% during the first quarter, owning approximately 3.59% of the company after acquiring nearly 687,000 additional shares.
• Several institutional investors have also adjusted their positions in DXC Technology, contributing to a total institutional ownership of 96.20%.
• The stock has seen a downtick recently, with target prices from analysts ranging from $15.00 to $16.00, and a consensus rating of "Hold" with a target price of $16.40.

American Century Companies Inc. grew its holdings in shares of DXC Technology Company. (NYSE:DXC - Free Report) by 11.8% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 6,503,675 shares of the company's stock after buying an additional 686,705 shares during the quarter. American Century Companies Inc. owned 3.59% of DXC Technology worth $110,888,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in the business. Byrne Asset Management LLC purchased a new stake in DXC Technology in the 1st quarter worth about $33,000. Wealthquest Corp purchased a new stake in DXC Technology in the 1st quarter worth about $49,000. Quarry LP raised its position in DXC Technology by 604.1% in the 4th quarter. Quarry LP now owns 3,978 shares of the company's stock worth $79,000 after purchasing an additional 3,413 shares during the period. GAMMA Investing LLC raised its position in DXC Technology by 37.4% in the 1st quarter. GAMMA Investing LLC now owns 4,507 shares of the company's stock worth $77,000 after purchasing an additional 1,226 shares during the period. Finally, Trajan Wealth LLC purchased a new stake in DXC Technology in the 4th quarter worth about $206,000. 96.20% of the stock is currently owned by hedge funds and other institutional investors.

DXC Technology Stock Performance

Shares of NYSE DXC traded up $0.6050 during midday trading on Friday, reaching $14.3150. The company had a trading volume of 546,232 shares, compared to its average volume of 1,746,979. The business's 50-day simple moving average is $14.49 and its 200 day simple moving average is $16.00. The stock has a market cap of $2.56 billion, a P/E ratio of 6.95 and a beta of 1.18. DXC Technology Company. has a 1 year low of $12.24 and a 1 year high of $24.83. The company has a current ratio of 1.22, a quick ratio of 1.22 and a debt-to-equity ratio of 0.90.

DXC Technology (NYSE:DXC - Get Free Report) last posted its quarterly earnings results on Thursday, July 31st. The company reported $0.68 earnings per share (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 analysts' expectations of $3.06 billion. DXC Technology had a net margin of 2.96% and a return on equity of 18.59%. The business's quarterly revenue was down 2.4% on a year-over-year basis. During the same quarter last 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. On average, analysts forecast that DXC Technology Company. will post 3.35 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

DXC has been the topic of a number of research analyst reports. Morgan Stanley dropped 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 research note on Friday, August 1st. BMO Capital Markets dropped their target price on shares of 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. Guggenheim restated a "neutral" rating on shares of DXC Technology in a research note on Monday, May 12th. Wall Street Zen upgraded shares of DXC Technology from a "hold" rating to a "buy" rating in a research note on Sunday, July 20th. Finally, Royal Bank Of Canada dropped their target price on shares of DXC Technology from $18.00 to $16.00 and set a "sector perform" rating on the stock in a research note on Friday, August 1st. Five equities research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Reduce" and a consensus target price of $15.60.

DXC Technology Company 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).