DXC Technology Company. $DXC Shares Bought by BlackRock Inc.

BlackRock Inc. grew its holdings in shares of DXC Technology Company. (NYSE:DXC - Free Report) by 21.5% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 28,276,735 shares of the company's stock after buying an additional 4,994,936 shares during the quarter. BlackRock Inc. owned 17.70% of DXC Technology worth $250,249,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Lido Advisors LLC boosted its stake in DXC Technology by 6.1% during the 4th quarter. Lido Advisors LLC now owns 17,383 shares of the company's stock valued at $241,000 after acquiring an additional 1,003 shares during the last quarter. Fifth Third Bancorp increased its position in shares of DXC Technology by 116.0% in the 4th quarter. Fifth Third Bancorp now owns 2,102 shares of the company's stock worth $31,000 after purchasing an additional 1,129 shares during the last quarter. Hantz Financial Services Inc. raised its stake in shares of DXC Technology by 110.5% in the 4th quarter. Hantz Financial Services Inc. now owns 2,185 shares of the company's stock valued at $32,000 after purchasing an additional 1,147 shares in the last quarter. EverSource Wealth Advisors LLC raised its stake in shares of DXC Technology by 240.6% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,737 shares of the company's stock valued at $27,000 after purchasing an additional 1,227 shares in the last quarter. Finally, Focus Partners Wealth lifted its position in shares of DXC Technology by 9.9% during the third quarter. Focus Partners Wealth now owns 15,094 shares of the company's stock worth $202,000 after purchasing an additional 1,357 shares during the last quarter. Institutional investors own 96.20% of the company's stock.

DXC Technology Price Performance

Shares of DXC opened at $10.53 on Thursday. 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 $9.99 and a 200 day moving average price of $10.93. The company has a market cap of $1.68 billion, a P/E ratio of 15.04 and a beta of 0.79.

DXC Technology (NYSE:DXC - Get Free Report) last posted its earnings results on Thursday, July 30th. The company reported $0.40 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.41 by ($0.01). The company 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 business's quarterly revenue was down 5.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted $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.

Analysts Set New Price Targets

DXC has been the subject of a number of research reports. Royal Bank Of Canada decreased their price target on 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. Weiss Ratings reiterated a "sell (d)" rating on shares of DXC Technology in a research report on Friday, August 7th. TD Cowen boosted their price target on DXC Technology from $10.00 to $12.00 and gave the company a "hold" rating in a report on Monday, August 3rd. Morgan Stanley set a $12.00 price target on DXC Technology in a research report on Monday, August 3rd. Finally, BMO Capital Markets reduced their price objective on DXC Technology from $17.00 to $10.00 and set a "market perform" rating on the stock in a research note on Monday, May 11th. Seven investment analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Reduce" and an average target price of $12.21.

DXC Technology Profile

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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