Caxton Associates LLP Makes New Investment in DXC Technology Company. $DXC

Key Points

• Caxton Associates LLP invested approximately $354,000 in DXC Technology, acquiring 20,751 shares during the first quarter.
• DXC Technology reported earnings of $0.68 per share for the last quarter, exceeding expectations of $0.64, although revenue fell 2.4% year-over-year.
• Several analysts have adjusted their ratings for DXC Technology, with consensus indicating a "Reduce" rating and a price target of $15.60.

Caxton Associates LLP purchased a new position in shares of DXC Technology Company. (NYSE:DXC - Free Report) during the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 20,751 shares of the company's stock, valued at approximately $354,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of DXC. Byrne Asset Management LLC acquired a new position in DXC Technology during the first quarter worth about $33,000. Wealthquest Corp acquired a new position in DXC Technology in the 1st quarter valued at about $49,000. GAMMA Investing LLC boosted its holdings in DXC Technology by 37.4% in the 1st quarter. GAMMA Investing LLC now owns 4,507 shares of the company's stock valued at $77,000 after purchasing an additional 1,226 shares during the last quarter. CHICAGO TRUST Co NA acquired a new position in DXC Technology in the 1st quarter valued at about $183,000. Finally, Cetera Investment Advisers acquired a new position in DXC Technology in the 1st quarter valued at about $198,000. 96.20% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

DXC has been the topic of several recent analyst reports. Morgan Stanley decreased 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 report on Friday, August 1st. JPMorgan Chase & Co. decreased their price objective 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. Royal Bank Of Canada decreased their price objective on shares of DXC Technology from $18.00 to $16.00 and set a "sector perform" rating on the stock in a report on Friday, August 1st. Finally, Wall Street Zen upgraded shares of DXC Technology from a "hold" rating to a "buy" rating in a report on Sunday, July 20th. Five research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Reduce" and a consensus price target of $15.60.

DXC Technology Stock Up 2.3%

NYSE:DXC traded up $0.32 during midday trading on Thursday, hitting $14.31. 1,581,843 shares of the company were exchanged, compared to its average volume of 1,513,590. DXC Technology Company. has a fifty-two week low of $12.24 and a fifty-two week high of $24.83. The company has a current ratio of 1.22, a quick ratio of 1.22 and a debt-to-equity ratio of 0.90. The company has a market capitalization of $2.56 billion, a PE ratio of 6.95 and a beta of 1.16. The company has a fifty day simple moving average of $14.05 and a 200 day simple moving average of $15.21.

DXC Technology (NYSE:DXC - Get Free Report) last issued its earnings results on Thursday, July 31st. The company reported $0.68 earnings per share for the quarter, beating 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 business had revenue of $3.16 billion for the quarter, compared to the consensus estimate of $3.06 billion. During the same quarter in the previous year, the firm earned $0.74 earnings per share. The business's quarterly 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. As a group, equities analysts anticipate that DXC Technology Company. will post 3.35 earnings per share for the current fiscal year.

Insider Buying and Selling at DXC Technology

In other news, SVP Christopher Anthony Voci sold 2,500 shares of the business's stock in a transaction that occurred on 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 transaction, the senior vice president owned 91,105 shares of the company's stock, valued at $1,322,844.60. The trade was a 2.67% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 0.61% of the stock is currently owned by corporate insiders.

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).