Corient Private Wealth LP purchased a new position in DXC Technology Company. (NYSE:DXC - Free Report) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 211,743 shares of the company's stock, valued at approximately $1,874,000. Corient Private Wealth LP owned approximately 0.13% of DXC Technology at the end of the most recent reporting period.
Other large investors also recently bought and sold shares of the company. Nierenberg Investment Management Company LLC bought a new stake in shares of DXC Technology in the 2nd quarter worth approximately $907,214. Hara Capital LLC purchased a new stake in shares of DXC Technology in the 2nd quarter worth approximately $2,318,000. Dimensional Fund Advisors LP increased its position in DXC Technology by 2.6% during the 1st quarter. Dimensional Fund Advisors LP now owns 10,029,966 shares of the company's stock valued at $126,068,000 after buying an additional 258,819 shares in the last quarter. CastleKnight Management LP increased its position in DXC Technology by 344.7% during the 4th quarter. CastleKnight Management LP now owns 324,651 shares of the company's stock valued at $4,756,000 after buying an additional 251,651 shares in the last quarter. Finally, GSA Capital Partners LLP bought a new position in DXC Technology during the 2nd quarter valued at approximately $2,572,000. 96.20% of the stock is owned by hedge funds and other institutional investors.
Analyst Ratings Changes
Several research firms have commented on DXC. Stifel Nicolaus dropped their target price on DXC Technology from $12.00 to $10.50 and set a "hold" rating on the stock in a report 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. Morgan Stanley set a $12.00 price target on DXC Technology in a research report on Monday, August 3rd. Weiss Ratings reiterated a "sell (d)" rating on shares of DXC Technology in a research note on Friday, August 7th. Finally, TD Cowen raised their price objective on shares of DXC Technology from $10.00 to $12.00 and gave the company a "hold" rating in a research note on Monday, August 3rd. Seven analysts have rated the stock with a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Reduce" and an average price target of $12.21.
Check Out Our Latest Research Report on DXC Technology
DXC Technology Stock Performance
DXC stock opened at $11.63 on Friday. The stock has a market capitalization of $1.86 billion, a PE ratio of 16.61 and a beta of 0.80. DXC Technology Company. has a 12-month low of $7.90 and a 12-month high of $15.68. The company has a current ratio of 1.41, a quick ratio of 1.41 and a debt-to-equity ratio of 0.90. The stock's 50 day simple moving average is $10.34 and its 200 day simple moving average is $10.82.
DXC Technology (NYSE:DXC - Get Free Report) last posted its earnings results on Thursday, July 30th. The company reported $0.40 EPS for the quarter, missing analysts' consensus estimates of $0.41 by ($0.01). DXC Technology had a return on equity of 15.60% and a net margin of 0.99%.The business had revenue of $3 billion during the quarter, compared to the consensus estimate of $2.99 billion. During the same period in the previous year, the business posted $0.68 EPS. The firm's revenue for the quarter was down 5.0% on a year-over-year basis. DXC Technology has set its Q2 2027 guidance at 0.550-0.550 EPS. As a group, research analysts forecast that DXC Technology Company. will post 2.61 earnings per share for the current fiscal year.
DXC Technology Company Profile
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Free Report)
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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