Assenagon Asset Management S.A. Sells 918,317 Shares of DXC Technology Company. $DXC

Key Points

• Assenagon Asset Management S.A. significantly reduced its holdings in DXC Technology by 94.7%, selling 918,317 shares to end up with only 51,849 shares valued at approximately $793,000.
• Despite the sell-off by Assenagon, several other hedge funds, including Dimensional Fund Advisors and American Century Companies, increased their stakes in DXC Technology during the same period.
• DXC Technology's recent quarterly earnings exceeded analyst expectations, reporting a $0.68 earnings per share, and it has provided guidance for upcoming quarters with expectations ranging between 0.650-0.750 EPS.

Assenagon Asset Management S.A. lowered its position in DXC Technology Company. (NYSE:DXC - Free Report) by 94.7% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 51,849 shares of the company's stock after selling 918,317 shares during the period. Assenagon Asset Management S.A.'s holdings in DXC Technology were worth $793,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the company. Dimensional Fund Advisors LP boosted its holdings in DXC Technology by 1.6% in the 1st quarter. Dimensional Fund Advisors LP now owns 10,599,848 shares of the company's stock worth $180,725,000 after buying an additional 163,291 shares during the period. American Century Companies Inc. boosted its holdings in shares of DXC Technology by 11.8% during the 1st quarter. American Century Companies Inc. now owns 6,503,675 shares of the company's stock valued at $110,888,000 after purchasing an additional 686,705 shares during the last quarter. LSV Asset Management boosted its holdings in shares of DXC Technology by 22.7% during the 1st quarter. LSV Asset Management now owns 4,151,398 shares of the company's stock valued at $70,781,000 after purchasing an additional 769,026 shares during the last quarter. AQR Capital Management LLC boosted its holdings in shares of DXC Technology by 2.8% during the 1st quarter. AQR Capital Management LLC now owns 1,997,247 shares of the company's stock valued at $33,254,000 after purchasing an additional 53,598 shares during the last quarter. Finally, Millennium Management LLC boosted its holdings in shares of DXC Technology by 1,765.9% during the 1st quarter. Millennium Management LLC now owns 1,652,331 shares of the company's stock valued at $28,172,000 after purchasing an additional 1,563,775 shares during the last quarter. Institutional investors own 96.20% of the company's stock.

Insiders Place Their Bets

In other DXC Technology news, SVP Christopher Anthony Voci sold 2,500 shares of the firm's stock in a transaction dated Thursday, September 11th. The shares were sold at an average price of $14.52, for a total value of $36,300.00. Following the completion of the sale, the senior vice president owned 91,105 shares of the company's stock, valued at $1,322,844.60. This trade represents a 2.67% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 0.61% of the stock is owned by company insiders.

DXC Technology Stock Performance

NYSE:DXC opened at $14.01 on Friday. The company has a debt-to-equity ratio of 0.90, a quick ratio of 1.22 and a current ratio of 1.22. The stock's fifty day moving average is $13.99 and its 200 day moving average is $15.02. The firm has a market capitalization of $2.51 billion, a PE ratio of 6.80 and a beta of 1.16. DXC Technology Company. has a fifty-two week low of $12.24 and a fifty-two week high of $24.83.

DXC Technology (NYSE:DXC - Get Free Report) last posted its quarterly earnings data on Thursday, July 31st. The company reported $0.68 earnings per share for the quarter, beating analysts' consensus estimates of $0.64 by $0.04. DXC Technology had a net margin of 2.96% and a return on equity of 18.59%. The business had revenue of $3.16 billion for the quarter, compared to analysts' expectations of $3.06 billion. During the same quarter in the previous year, the business posted $0.74 earnings per share. The business's 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. On average, sell-side analysts anticipate that DXC Technology Company. will post 3.35 earnings per share for the current year.

Analyst Ratings Changes

DXC has been the subject of several research reports. JPMorgan Chase & Co. dropped their price objective on shares of DXC Technology from $18.00 to $14.00 and set an "underweight" rating for the company in a report on Wednesday, August 20th. Wall Street Zen raised shares of DXC Technology from a "hold" rating to a "buy" rating in a report on Sunday, July 20th. Morgan Stanley dropped their price objective on shares of DXC Technology from $16.00 to $15.00 and set an "equal weight" rating for the company in a report on Friday, August 1st. Finally, Royal Bank Of Canada dropped their price objective on shares of 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 issued a Sell rating to the company. Based on data from MarketBeat, DXC Technology currently has a consensus rating of "Reduce" and a consensus 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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