Bank of America Corp DE Increases Position in DXC Technology Company. $DXC

Bank of America Corp DE boosted its position in DXC Technology Company. (NYSE:DXC - Free Report) by 41.1% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 1,074,481 shares of the company's stock after acquiring an additional 313,078 shares during the period. Bank of America Corp DE owned about 0.66% of DXC Technology worth $13,506,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Dimensional Fund Advisors LP boosted its holdings in shares of DXC Technology by 2.6% in the 1st quarter. Dimensional Fund Advisors LP now owns 10,029,966 shares of the company's stock valued at $126,068,000 after purchasing an additional 258,819 shares during the last quarter. FIL Ltd boosted its holdings in DXC Technology by 0.7% in the fourth quarter. FIL Ltd now owns 6,383,750 shares of the company's stock valued at $93,522,000 after acquiring an additional 45,015 shares during the last quarter. State Street Corp grew its position in DXC Technology by 2.1% during the second quarter. State Street Corp now owns 6,381,982 shares of the company's stock valued at $97,581,000 after acquiring an additional 128,916 shares during the period. AQR Capital Management LLC increased its stake in DXC Technology by 6.4% during the fourth quarter. AQR Capital Management LLC now owns 4,750,808 shares of the company's stock worth $69,599,000 after acquiring an additional 287,441 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its stake in DXC Technology by 4.0% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,547,205 shares of the company's stock worth $37,317,000 after acquiring an additional 98,479 shares during the last quarter. Hedge funds and other institutional investors own 96.20% of the company's stock.

Wall Street Analyst Weigh In

Several research firms recently commented on DXC. BMO Capital Markets cut their price target on shares of DXC Technology from $17.00 to $10.00 and set a "market perform" rating on the stock in a report on Monday, May 11th. Royal Bank Of Canada decreased their price objective on shares of DXC Technology from $16.00 to $14.00 and set a "sector perform" rating for the company in a research note on Friday, July 31st. Zacks Research upgraded DXC Technology from a "strong sell" rating to a "hold" rating in a report on Monday, July 13th. Stifel Nicolaus cut their price objective on DXC Technology from $12.00 to $10.50 and set a "hold" rating on the stock in a research report on Friday, July 31st. Finally, Weiss Ratings reiterated a "sell (d)" rating on shares of DXC Technology in a report on Friday, August 7th. Seven research analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, DXC Technology has a consensus rating of "Reduce" and a consensus price target of $12.21.

DXC Technology Price Performance

Shares of DXC opened at $10.81 on Friday. DXC Technology Company. has a 12 month low of $7.90 and a 12 month 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 stock has a fifty day moving average price of $9.89 and a 200 day moving average price of $11.03. The company has a market cap of $1.73 billion, a P/E ratio of 15.44 and a beta of 0.79.

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

About DXC Technology

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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