DXC Technology Company. $DXC Stock Sold by Arnhold LLC

Key Points

• Arnhold LLC cut its DXC Technology stake by 70.8% in the third quarter, selling 267,176 shares and retaining 110,000 shares worth approximately $1.19 million.
• Institutional investors and hedge funds own 96.2% of DXC’s outstanding shares, while the stock recently traded at $16.32, near its 12-month high of $16.38.
• DXC reported quarterly revenue of $3 billion, slightly above expectations, but earnings per share missed estimates and revenue declined 5% year over year. Analysts maintain a cautious outlook, with a consensus “Reduce” rating and an average price target of $12.21.

Arnhold LLC lowered its holdings in shares of DXC Technology Company. (NYSE:DXC - Free Report) by 70.8% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 110,000 shares of the company's stock after selling 267,176 shares during the quarter. Arnhold LLC owned approximately 0.07% of DXC Technology worth $1,191,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of DXC. Bessemer Group Inc. increased its position in shares of DXC Technology by 61.1% during the first quarter. Bessemer Group Inc. now owns 3,680 shares of the company's stock worth $47,000 after purchasing an additional 1,395 shares in the last quarter. Farther Finance Advisors LLC raised its stake in DXC Technology by 289.0% in the 3rd quarter. Farther Finance Advisors LLC now owns 4,396 shares of the company's stock valued at $48,000 after purchasing an additional 3,266 shares during the last quarter. Covestor Ltd lifted its holdings in DXC Technology by 31.2% in the 2nd quarter. Covestor Ltd now owns 6,603 shares of the company's stock valued at $58,000 after purchasing an additional 1,570 shares in the last quarter. Versant Capital Management Inc lifted its holdings in DXC Technology by 47.4% in the 2nd quarter. Versant Capital Management Inc now owns 7,474 shares of the company's stock valued at $66,000 after purchasing an additional 2,404 shares in the last quarter. Finally, Two Sigma Securities LLC acquired a new stake in DXC Technology during the 2nd quarter worth $94,000. 96.20% of the stock is owned by institutional investors and hedge funds.

DXC Technology Price Performance

Shares of DXC stock opened at $16.32 on Tuesday. 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 company has a market capitalization of $2.61 billion, a PE ratio of 23.32 and a beta of 0.79. The firm's 50-day moving average is $11.89 and its two-hundred day moving average is $11.59. DXC Technology Company. has a 12 month low of $7.90 and a 12 month high of $16.38.

DXC Technology (NYSE:DXC - Get Free Report) last issued its quarterly earnings data on Thursday, July 30th. The company reported $0.40 earnings per share for the quarter, missing the consensus estimate 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 analysts' expectations of $2.99 billion. During the same quarter in the previous year, the company posted $0.68 earnings per share. The company's 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. Analysts predict that DXC Technology Company. will post 2.59 earnings per share for the current year.

Wall Street Analysts Forecast Growth

DXC has been the subject of a number of research reports. Stifel Nicolaus dropped their target price on shares of DXC Technology from $12.00 to $10.50 and set a "hold" rating for the company in a report on Friday, July 31st. TD Cowen increased their target price on shares of DXC Technology from $10.00 to $12.00 and gave the company a "hold" rating in a research report on Monday, August 3rd. Morgan Stanley set a $12.00 price target on shares of DXC Technology in a research note on Monday, August 3rd. Weiss Ratings upgraded shares of DXC Technology from a "sell (d)" rating to a "sell (d+)" rating in a research report on Tuesday, October 6th. Finally, Zacks Research upgraded shares of DXC Technology from a "strong sell" rating to a "hold" rating in a research report on Monday, July 13th. Seven equities research analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Reduce" and an average price target of $12.21.

DXC Technology Company Profile

DXC Technology NYSE: DXC is a global information technology services and solutions company that helps organizations modernize and manage their technology environments. Its services include consulting, application development and management, cloud migration and operations, cybersecurity, data and analytics, enterprise technology management, and workplace and end-user services.

The company serves businesses and government organizations across a range of industries, including financial services, healthcare, insurance, manufacturing, aerospace and defense, automotive, retail, and the public sector.

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