Arnhold LLC Sells 96,460 Shares of DXC Technology Company. $DXC

Key Points

• Arnhold LLC has decreased its stake in DXC Technology by 13.2%, selling 96,460 shares in the second quarter, leaving it with approximately 0.35% ownership valued at $9.67 million.
• Despite a dip in individual holdings, institutional investors own 96.20% of DXC Technology stock, with several firms increasing their stakes in the second quarter.
• DXC Technology reported earnings per share of $0.68 for the last quarter, exceeding estimates, while its revenue was down 2.4% year-over-year.

Arnhold LLC reduced its position in shares of DXC Technology Company. (NYSE:DXC - Free Report) by 13.2% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 632,700 shares of the company's stock after selling 96,460 shares during the quarter. Arnhold LLC owned approximately 0.35% of DXC Technology worth $9,674,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in the stock. Maryland State Retirement & Pension System raised its holdings in DXC Technology by 1.1% in the 2nd quarter. Maryland State Retirement & Pension System now owns 61,629 shares of the company's stock worth $942,000 after purchasing an additional 691 shares in the last quarter. Yousif Capital Management LLC raised its holdings in DXC Technology by 1.1% in the second quarter. Yousif Capital Management LLC now owns 78,367 shares of the company's stock worth $1,198,000 after buying an additional 833 shares during the last quarter. SummerHaven Investment Management LLC raised its holdings in DXC Technology by 2.4% in the second quarter. SummerHaven Investment Management LLC now owns 42,730 shares of the company's stock worth $653,000 after buying an additional 986 shares during the last quarter. Covestor Ltd grew its stake in shares of DXC Technology by 2.9% in the first quarter. Covestor Ltd now owns 35,789 shares of the company's stock worth $610,000 after acquiring an additional 1,025 shares during the period. Finally, GAMMA Investing LLC lifted its holdings in shares of DXC Technology by 37.4% in the first quarter. GAMMA Investing LLC now owns 4,507 shares of the company's stock worth $77,000 after buying an additional 1,226 shares in the last quarter. 96.20% of the stock is currently owned by institutional investors.

Insider Activity

In other news, SVP Christopher Anthony Voci sold 2,500 shares of the company's stock in a transaction dated Thursday, September 11th. The shares were sold at an average price of $14.52, for a total transaction of $36,300.00. Following the transaction, the senior vice president owned 91,105 shares in the company, valued at $1,322,844.60. This represents a 2.67% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.61% of the stock is currently owned by company insiders.

DXC Technology Stock Up 0.5%

NYSE:DXC opened at $12.88 on Friday. DXC Technology Company. has a 1-year low of $12.24 and a 1-year high of $24.83. The company has a 50-day moving average of $13.85 and a 200 day moving average of $14.64. The firm has a market cap of $2.31 billion, a PE ratio of 6.25 and a beta of 1.12. The company has a debt-to-equity ratio of 0.90, a current ratio of 1.22 and a quick ratio of 1.22.

DXC Technology (NYSE:DXC - Get Free Report) last released its quarterly earnings results on Thursday, July 31st. The company reported $0.68 EPS for the quarter, beating the consensus estimate of $0.64 by $0.04. The business had revenue of $3.16 billion during the quarter, compared to analyst estimates of $3.06 billion. DXC Technology had a net margin of 2.96% and a return on equity of 18.59%. The company's quarterly revenue was down 2.4% on a year-over-year basis. During the same period in the prior year, the firm 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. As a group, research analysts anticipate that DXC Technology Company. will post 3.35 EPS for the current fiscal year.

Analyst Ratings Changes

DXC has been the topic of several research reports. JPMorgan Chase & Co. reduced their price target on shares of DXC Technology from $18.00 to $14.00 and set an "underweight" rating on the stock in a research report on Wednesday, August 20th. Weiss Ratings restated a "sell (d)" rating on shares of DXC Technology in a research report on Wednesday, October 8th. Morgan Stanley reduced their price target on shares of DXC Technology from $16.00 to $15.00 and set an "equal weight" rating on the stock in a research report on Friday, August 1st. Royal Bank Of Canada reduced their price target on shares of DXC Technology from $18.00 to $16.00 and set a "sector perform" rating on the stock in a research report on Friday, August 1st. Finally, Wall Street Zen upgraded shares of DXC Technology from a "hold" rating to a "buy" rating in a research report on Sunday, July 20th. Five investment analysts have rated the stock with a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, DXC Technology has a consensus rating of "Reduce" and an average target price of $15.60.

About DXC Technology

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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