Bayforest Capital Ltd Takes $303,000 Position in DXC Technology Company. $DXC

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 bought a new stake in DXC Technology Company. (NYSE:DXC - Free Report) during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 17,797 shares of the company's stock, valued at approximately $303,000.

A number of other large investors also recently made changes to their positions in the business. Dimensional Fund Advisors LP increased its holdings in shares of DXC Technology by 1.6% in the 1st quarter. Dimensional Fund Advisors LP now owns 10,599,848 shares of the company's stock valued at $180,725,000 after purchasing an additional 163,291 shares during the period. American Century Companies Inc. increased its holdings in shares of DXC Technology by 11.8% in 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 period. LSV Asset Management increased its holdings in shares of DXC Technology by 22.7% in 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 period. AQR Capital Management LLC increased its holdings in shares of DXC Technology by 2.8% in 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 period. Finally, Millennium Management LLC increased its holdings in shares of DXC Technology by 1,765.9% in 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 period. Institutional investors and hedge funds own 96.20% of the company's stock.

Analyst Upgrades and Downgrades

DXC has been the topic of a number of research reports. Morgan Stanley dropped their target price on DXC Technology from $16.00 to $15.00 and set an "equal weight" rating on the stock in a report on Friday, August 1st. JPMorgan Chase & Co. lowered their price target on DXC Technology from $18.00 to $14.00 and set an "underweight" rating for the company in a research note on Wednesday, August 20th. Royal Bank Of Canada lowered their price target on DXC Technology from $18.00 to $16.00 and set a "sector perform" rating for the company in a research note on Friday, August 1st. BMO Capital Markets lowered their price target on DXC Technology from $26.00 to $17.00 and set a "market perform" rating for the company in a research note on Thursday, May 15th. Finally, Wall Street Zen raised DXC Technology from a "hold" rating to a "buy" rating in a research note on Sunday, July 20th. Five analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, DXC Technology currently has a consensus rating of "Reduce" and an average price target of $15.60.

DXC Technology Stock Down 1.5%

Shares of DXC Technology stock opened at $14.21 on Thursday. The stock has a market capitalization of $2.54 billion, a P/E ratio of 6.90 and a beta of 1.16. The company has a quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 0.90. The stock has a 50 day moving average price of $14.25 and a two-hundred day moving average price of $15.39. DXC Technology Company. has a 12-month low of $12.24 and a 12-month high of $24.83.

DXC Technology (NYSE:DXC - Get Free Report) last announced its earnings results on Thursday, July 31st. The company reported $0.68 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.64 by $0.04. The firm had revenue of $3.16 billion during the quarter, compared to analysts' expectations of $3.06 billion. DXC Technology had a return on equity of 18.59% and a net margin of 2.96%.The company's revenue was down 2.4% on a year-over-year basis. During the same quarter in the prior year, the business earned $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. Equities analysts expect that DXC Technology Company. will post 3.35 earnings per share for the current year.

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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