DXC Technology Company. $DXC Shares Purchased by AXQ Capital LP

Key Points

• AXQ Capital LP increased its DXC Technology stake by 152.5% in the second quarter, bringing its holdings to 197,304 shares worth approximately $1.75 million. Institutional investors collectively own 96.2% of the company.
• DXC reported quarterly revenue of about $3 billion, slightly above estimates, but EPS of $0.40 missed expectations and revenue declined 5% year over year.
• Analyst sentiment remains cautious: seven analysts rate DXC a Hold and two rate it Sell, resulting in an average “Reduce” rating and a consensus price target of $12.21.

AXQ Capital LP boosted its stake in DXC Technology Company. (NYSE:DXC - Free Report) by 152.5% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 197,304 shares of the company's stock after buying an additional 119,174 shares during the period. AXQ Capital LP owned approximately 0.12% of DXC Technology worth $1,746,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Nykredit A S acquired a new stake in DXC Technology in the second quarter valued at approximately $51,580,000. BlackRock Inc. grew its position in shares of DXC Technology by 21.5% in the 2nd quarter. BlackRock Inc. now owns 28,276,735 shares of the company's stock valued at $250,249,000 after buying an additional 4,994,936 shares during the last quarter. AQR Capital Management LLC lifted its position in DXC Technology by 97.0% in the second quarter. AQR Capital Management LLC now owns 3,933,973 shares of the company's stock valued at $60,150,000 after acquiring an additional 1,936,726 shares during the last quarter. Bank of America Corp DE purchased a new position in shares of DXC Technology during the second quarter worth about $11,706,000. Finally, UBS Group AG boosted its position in shares of DXC Technology by 131.2% in the 3rd quarter. UBS Group AG now owns 2,047,395 shares of the company's stock valued at $27,906,000 after purchasing an additional 1,161,879 shares during the period. Hedge funds and other institutional investors own 96.20% of the company's stock.

DXC Technology Trading Down 0.3%

DXC Technology stock opened at $11.64 on Friday. DXC Technology Company. has a 12-month low of $7.90 and a 12-month high of $15.68. The stock has a market capitalization of $1.86 billion, a PE ratio of 16.63 and a beta of 0.80. The firm has a 50 day simple moving average of $10.40 and a 200-day simple moving average of $10.82. The company has a debt-to-equity ratio of 0.90, a current ratio of 1.41 and a quick ratio of 1.41.

DXC Technology (NYSE:DXC - Get Free Report) last posted its quarterly earnings results on Thursday, July 30th. The company reported $0.40 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.41 by ($0.01). DXC Technology had a net margin of 0.99% and a return on equity of 15.60%. The company had revenue of $3 billion during the quarter, compared to the consensus estimate of $2.99 billion. During the same period in the prior year, the company posted $0.68 EPS. DXC Technology's quarterly revenue 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, equities research analysts expect that DXC Technology Company. will post 2.61 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages have commented on DXC. Weiss Ratings restated a "sell (d)" rating on shares of DXC Technology in a research report on Friday, August 7th. BMO Capital Markets cut their target price on DXC Technology from $17.00 to $10.00 and set a "market perform" rating for the company in a research note on Monday, May 11th. Zacks Research raised 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 note on Monday, August 3rd. Finally, TD Cowen upped their price objective on DXC Technology from $10.00 to $12.00 and gave the stock a "hold" rating in a report on Monday, August 3rd. Seven investment analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Reduce" and a consensus price target of $12.21.

About DXC Technology

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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