Fox Run Management L.L.C. Sells 21,772 Shares of 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. trimmed its holdings in DXC Technology Company. (NYSE:DXC - Free Report) by 31.5% in the first quarter, according to the company in its most recent filing with the 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 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in DXC. Cerity Partners LLC raised its holdings in DXC Technology by 47.1% in the 4th quarter. Cerity Partners LLC now owns 57,008 shares of the company's stock worth $1,160,000 after purchasing an additional 18,256 shares in the last quarter. Raymond James Financial Inc. bought a new position in DXC Technology in the 4th quarter worth $3,308,000. Treasurer of the State of North Carolina raised its holdings in DXC Technology by 0.6% in the 4th quarter. Treasurer of the State of North Carolina now owns 78,639 shares of the company's stock worth $1,571,000 after purchasing an additional 490 shares in the last quarter. Sterling Capital Management LLC raised its holdings in DXC Technology by 55.4% in the 4th quarter. Sterling Capital Management LLC now owns 10,748 shares of the company's stock worth $215,000 after purchasing an additional 3,833 shares in the last quarter. Finally, Bridgewater Associates LP raised its holdings in DXC Technology by 60.2% in the 4th quarter. Bridgewater Associates LP now owns 306,988 shares of the company's stock worth $6,134,000 after purchasing an additional 115,351 shares in the last quarter. 96.20% of the stock is currently owned by institutional investors.

DXC Technology Price Performance

DXC traded down $0.0250 during trading on Thursday, reaching $13.6750. 204,730 shares of the company traded hands, compared to its average volume of 1,748,304. The company has a debt-to-equity ratio of 0.90, a quick ratio of 1.22 and a current ratio of 1.22. DXC Technology Company. has a 12-month low of $12.24 and a 12-month high of $24.83. The firm has a fifty day simple moving average of $14.53 and a 200 day simple moving average of $16.06. The company has a market cap of $2.45 billion, a P/E ratio of 6.64 and a beta of 1.18.

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

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on DXC. Susquehanna reduced their target price on shares of DXC Technology from $23.00 to $16.00 and set a "neutral" rating on the stock in a research report on Wednesday, April 23rd. Royal Bank Of Canada cut their price objective on shares of DXC Technology from $18.00 to $16.00 and set a "sector perform" rating on the stock in a research report on Friday, August 1st. BMO Capital Markets cut their price objective on shares of DXC Technology from $26.00 to $17.00 and set a "market perform" rating on the stock in a research report on Thursday, May 15th. Guggenheim reissued a "neutral" rating on shares of DXC Technology in a research report on Monday, May 12th. Finally, Wall Street Zen raised shares of DXC Technology from a "hold" rating to a "buy" rating in a report on Sunday, July 20th. Five analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, DXC Technology has an average rating of "Reduce" and an average price target of $15.60.

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).