DXC Technology Company. $DXC Stock Sold by Robeco Institutional Asset Management B.V.

Key Points

• Robeco Institutional Asset Management B.V. reduced its DXC Technology stake by 13.5% in the third quarter, selling 65,856 shares and retaining 421,358 shares worth approximately $4.56 million.
• Institutional ownership remains high at 96.2%, with BlackRock and State Street increasing their positions while several other investors initiated new stakes.
• Analysts maintain a cautious outlook, with a consensus “Reduce” rating and a $12.21 price target; DXC recently traded at $16.09 after reporting slightly weaker-than-expected quarterly earnings and a 5% year-over-year revenue decline.

Robeco Institutional Asset Management B.V. lessened its holdings in DXC Technology Company. (NYSE:DXC - Free Report) by 13.5% during the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 421,358 shares of the company's stock after selling 65,856 shares during the period. Robeco Institutional Asset Management B.V. owned 0.26% of DXC Technology worth $4,563,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Nykredit A S purchased a new position in DXC Technology during the second quarter worth about $51,580,000. BlackRock Inc. raised its holdings 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 acquiring an additional 4,994,936 shares in the last quarter. State Street Corp boosted its position in shares of DXC Technology by 25.0% during the 2nd quarter. State Street Corp now owns 7,683,280 shares of the company's stock valued at $67,997,000 after acquiring an additional 1,536,243 shares during the last quarter. Bank of America Corp DE bought a new stake in shares of DXC Technology during the 2nd quarter valued at about $11,706,000. Finally, SEB Asset Management AB purchased a new position in shares of DXC Technology during the first quarter worth about $12,103,000. Institutional investors own 96.20% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the stock. Royal Bank Of Canada decreased their price objective on shares of DXC Technology from $16.00 to $14.00 and set a "sector perform" rating on the stock in a research report on Friday, July 31st. Morgan Stanley set a $12.00 target price on shares of DXC Technology in a research report on Monday, August 3rd. Zacks Research raised shares of DXC Technology from a "strong sell" rating to a "hold" rating in a research note on Monday, July 13th. Stifel Nicolaus cut their price target on shares of DXC Technology from $12.00 to $10.50 and set a "hold" rating for the company in a research note on Friday, July 31st. Finally, TD Cowen increased their price target on shares of DXC Technology from $10.00 to $12.00 and gave the stock a "hold" rating in a report on Monday, August 3rd. Seven research analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Reduce" and a consensus price target of $12.21.

DXC Technology Price Performance

DXC opened at $16.09 on Friday. The stock has a 50-day moving average price of $11.80 and a 200-day moving average price of $10.76. DXC Technology Company. has a 12-month low of $7.90 and a 12-month high of $16.17. 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 has a market capitalization of $2.57 billion, a P/E ratio of 22.98 and a beta of 0.79.

DXC Technology (NYSE:DXC - Get Free Report) last announced its quarterly earnings data on Thursday, July 30th. The company reported $0.40 EPS for the quarter, missing the consensus estimate of $0.41 by ($0.01). The firm had revenue of $3 billion for 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%. DXC Technology's revenue for the quarter was down 5.0% compared to the same quarter last year. During the same quarter last year, the company posted $0.68 earnings per share. DXC Technology has set its Q2 2027 guidance at 0.550-0.550 EPS. Equities analysts predict that DXC Technology Company. will post 2.59 earnings per share for the current fiscal year.

DXC Technology 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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