17,797 Shares in DXC Technology Company. $DXC Purchased by Bayforest Capital Ltd

Key Points

• Bayforest Capital Ltd initiated a new investment in DXC Technology with a $303,000 stake, acquiring 17,797 shares during the first quarter.
• Various institutional investors, including Millennium Management LLC and American Century Companies Inc., also increased their holdings in DXC Technology, reflecting growing interest as they collectively own 96.20% of the company's stock.
• DXC Technology's stock is currently valued at around $14.21, with analysts recently adjusting target prices lower; however, the company beat earnings expectations with $0.68 per share for the last quarter.

Bayforest Capital Ltd acquired a new stake in shares of DXC Technology Company. (NYSE:DXC - Free Report) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 17,797 shares of the company's stock, valued at approximately $303,000.

A number of other institutional investors also recently bought and sold shares of DXC. Millennium Management LLC raised its stake in DXC Technology by 1,765.9% in the first quarter. Millennium Management LLC now owns 1,652,331 shares of the company's stock worth $28,172,000 after buying an additional 1,563,775 shares in the last quarter. LSV Asset Management increased its stake in shares of DXC Technology by 22.7% during the first 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 in the last quarter. American Century Companies Inc. increased its stake in shares of DXC Technology by 11.8% during the first 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 in the last quarter. Nuveen LLC bought a new position in shares of DXC Technology during the first quarter valued at approximately $10,830,000. Finally, Deutsche Bank AG increased its stake in shares of DXC Technology by 99.3% during the fourth quarter. Deutsche Bank AG now owns 1,173,407 shares of the company's stock valued at $23,445,000 after purchasing an additional 584,678 shares in the last quarter. 96.20% of the stock is owned by institutional investors.

Analyst Ratings Changes

DXC has been the topic of several research reports. JPMorgan Chase & Co. dropped their target price on shares of DXC Technology from $18.00 to $14.00 and set an "underweight" rating on the stock in a report on Wednesday, August 20th. Wall Street Zen upgraded shares of DXC Technology from a "hold" rating to a "buy" rating in a research note on Sunday, July 20th. Royal Bank Of Canada lowered 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. Finally, Morgan Stanley lowered 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. Five investment analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Reduce" and a consensus target price of $15.60.

DXC Technology Stock Up 1.6%

Shares of NYSE:DXC traded up $0.23 during trading hours on Tuesday, reaching $14.14. The stock had a trading volume of 532,711 shares, compared to its average volume of 1,732,622. 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 firm's 50 day moving average is $14.14 and its 200-day moving average is $15.25. The stock has a market capitalization of $2.53 billion, a price-to-earnings ratio of 6.87 and a beta of 1.16. DXC Technology Company. has a 1 year low of $12.24 and a 1 year high of $24.83.

DXC Technology (NYSE:DXC - Get Free Report) last released its earnings results on Thursday, July 31st. The company reported $0.68 EPS for the quarter, topping the consensus estimate of $0.64 by $0.04. DXC Technology had a net margin of 2.96% and a return on equity of 18.59%. The company had revenue of $3.16 billion during the quarter, compared to analysts' expectations of $3.06 billion. During the same quarter last year, the business earned $0.74 EPS. The business's revenue was down 2.4% on a year-over-year basis. DXC Technology has set its Q2 2026 guidance at 0.650-0.750 EPS. FY 2026 guidance at 2.850-3.350 EPS. Research analysts predict that DXC Technology Company. will post 3.35 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, SVP Christopher Anthony Voci sold 2,500 shares of DXC Technology 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 completion of the sale, the senior vice president directly owned 91,105 shares in the company, valued at $1,322,844.60. The trade was a 2.67% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Company insiders own 0.61% of the company's stock.

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).