Fox Run Management L.L.C. Reduces Stock Position in DXC Technology Company. $DXC

Key Points

• Fox Run Management L.L.C. reduced its stake in DXC Technology by 31.5% in the 1st quarter, now holding 47,423 shares valued at approximately $809,000.
• Despite a slight decline in stock price of 0.4%, DXC Technology reported a net margin of 2.96% and revenue of $3.16 billion for the latest quarter, which exceeded analysts' expectations.
• Various brokerages have downgraded their price targets for DXC, with BMO Capital Markets lowering it from $26.00 to $17.00, reflecting a cautious outlook on the stock.

Fox Run Management L.L.C. reduced its stake in shares of DXC Technology Company. (NYSE:DXC - Free Report) by 31.5% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 47,423 shares of the company's stock after selling 21,772 shares during the quarter. Fox Run Management L.L.C.'s holdings in DXC Technology were worth $809,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Byrne Asset Management LLC purchased a new stake in shares of DXC Technology during the 1st quarter worth $33,000. Wealthquest Corp acquired a new stake in shares of DXC Technology in the 1st quarter worth $49,000. Quarry LP boosted its position in shares of DXC Technology by 604.1% in the 4th quarter. Quarry LP now owns 3,978 shares of the company's stock worth $79,000 after purchasing an additional 3,413 shares in the last quarter. GAMMA Investing LLC boosted its position in shares of DXC Technology by 37.4% in the 1st quarter. GAMMA Investing LLC now owns 4,507 shares of the company's stock worth $77,000 after purchasing an additional 1,226 shares in the last quarter. Finally, Trajan Wealth LLC acquired a new stake in shares of DXC Technology in the 4th quarter worth $206,000. 96.20% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts have recently weighed in on DXC shares. Susquehanna lowered their price objective on DXC Technology from $23.00 to $16.00 and set a "neutral" rating for the company in a research report on Wednesday, April 23rd. Morgan Stanley lowered their price objective on DXC Technology from $16.00 to $15.00 and set an "equal weight" rating for the company in a research report on Friday, August 1st. Royal Bank Of Canada lowered their price objective on DXC Technology from $18.00 to $16.00 and set a "sector perform" rating for the company in a research report on Friday, August 1st. JPMorgan Chase & Co. lowered their price objective on DXC Technology from $22.00 to $18.00 and set an "underweight" rating for the company in a research report on Wednesday, May 21st. Finally, BMO Capital Markets lowered their price objective on DXC Technology from $26.00 to $17.00 and set a "market perform" rating for the company in a research report on Thursday, May 15th. Five research analysts have rated the stock with a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Reduce" and an average price target of $16.40.

DXC Technology Stock Performance

Shares of NYSE DXC traded up $0.0550 during trading on Tuesday, reaching $13.9750. 1,674,876 shares of the company traded hands, compared to its average volume of 1,757,794. The firm's fifty day simple moving average is $14.61 and its 200 day simple moving average is $16.09. The stock has a market cap of $2.50 billion, a P/E ratio of 6.78 and a beta of 1.18. DXC Technology Company. has a 12-month low of $12.24 and a 12-month high of $24.83. The company has a current ratio of 1.22, a quick ratio of 1.22 and a debt-to-equity ratio of 0.90.

DXC Technology (NYSE:DXC - Get Free Report) last announced its quarterly earnings results on Thursday, July 31st. The company reported $0.68 earnings per share for the quarter, beating the consensus estimate of $0.64 by $0.04. DXC Technology had a return on equity of 18.59% and a net margin of 2.96%.The firm had revenue of $3.16 billion during the quarter, compared to analyst estimates of $3.06 billion. During the same quarter in the previous year, the business earned $0.74 EPS. DXC Technology's revenue for the quarter was down 2.4% compared to the same quarter last year. DXC Technology has set its Q2 2026 guidance at 0.650-0.750 EPS. FY 2026 guidance at 2.850-3.350 EPS. As a group, research analysts anticipate that DXC Technology Company. will post 3.35 earnings per share for the current fiscal year.

DXC Technology Profile

DXC Technology Company, together with its subsidiaries, provides information technology services and solutions in the United States, the United Kingdom, rest of Europe, Australia, and internationally. It operates in two segments, Global Business Services (GBS) and Global Infrastructure Services (GIS).