Amundi Grows Position in DXC Technology Company. $DXC

Key Points

• Institutional ownership increased significantly: Amundi expanded its DXC Technology stake by 1,084.6% to 539,016 shares, while other major investors including BlackRock and AQR Capital also added shares. Institutions collectively own approximately 96.2% of the company.
• Quarterly results were mixed: DXC reported $0.40 in EPS, slightly below the $0.41 analyst estimate, while revenue of $3 billion edged above expectations but declined 5% year over year.
• Analyst sentiment remains cautious: The stock has an average “Reduce” rating, with seven analysts at Hold and two at Sell; the consensus price target is $12.21 versus a recent price of $11.40.

Amundi grew its position in DXC Technology Company. (NYSE:DXC - Free Report) by 1,084.6% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 539,016 shares of the company's stock after purchasing an additional 493,514 shares during the period. Amundi owned approximately 0.34% of DXC Technology worth $4,770,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Nykredit A S purchased a new stake in DXC Technology during the second quarter worth approximately $51,580,000. BlackRock Inc. boosted its position in DXC Technology by 21.5% during the 2nd quarter. BlackRock Inc. now owns 28,276,735 shares of the company's stock worth $250,249,000 after purchasing an additional 4,994,936 shares during the period. AQR Capital Management LLC increased its holdings in DXC Technology by 97.0% in the 2nd quarter. AQR Capital Management LLC now owns 3,933,973 shares of the company's stock valued at $60,150,000 after purchasing an additional 1,936,726 shares in the last quarter. California State Teachers Retirement System increased its holdings in DXC Technology by 762.0% in the 2nd quarter. California State Teachers Retirement System now owns 1,780,133 shares of the company's stock valued at $15,754,000 after purchasing an additional 1,573,620 shares in the last quarter. Finally, Bank of America Corp DE purchased a new position in DXC Technology in the second quarter valued at about $11,706,000. Hedge funds and other institutional investors own 96.20% of the company's stock.

DXC Technology Stock Performance

NYSE:DXC opened at $11.40 on Friday. The firm has a 50-day moving average of $10.58 and a two-hundred day moving average of $10.75. 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 stock has a market cap of $1.82 billion, a P/E ratio of 16.29 and a beta of 0.80. DXC Technology Company. has a 1-year low of $7.90 and a 1-year high of $15.68.

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

Analyst Upgrades and Downgrades

A number of research analysts have commented on the company. Stifel Nicolaus reduced their price objective on DXC Technology from $12.00 to $10.50 and set a "hold" rating on the stock in a research note on Friday, July 31st. TD Cowen increased their target price on DXC Technology from $10.00 to $12.00 and gave the company a "hold" rating in a research note on Monday, August 3rd. Weiss Ratings reiterated a "sell (d)" rating on shares of DXC Technology in a report on Friday, August 7th. Royal Bank Of Canada reduced their price target on DXC Technology from $16.00 to $14.00 and set a "sector perform" rating on the stock in a research report on Friday, July 31st. Finally, Zacks Research upgraded DXC Technology from a "strong sell" rating to a "hold" rating in a report on Monday, July 13th. Seven research 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, the stock currently has an average rating of "Reduce" and a consensus price target of $12.21.

DXC Technology Profile

DXC Technology NYSE: DXC is a global information technology services company that helps businesses and government organizations modernize, manage and secure their technology environments. Its services include IT consulting, systems integration, application development and modernization, cloud computing, cybersecurity, data and analytics, and managed infrastructure.

The company also provides workplace and end-user computing services, enterprise application services, and technology support for complex operating environments.

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