Engineers Gate Manager LP Boosts Position in DXC Technology Company. $DXC

Key Points

• Engineers Gate Manager LP more than doubled its DXC Technology stake in the second quarter, acquiring 106,394 additional shares and ending with 211,900 shares worth approximately $1.88 million.
• DXC reported quarterly revenue of about $3 billion, slightly above estimates, but EPS of $0.40 missed consensus by $0.01; revenue declined 5% year over year.
• Analyst sentiment remains cautious, with an average “Reduce” rating and a $12.21 price target. Seven analysts rate the stock Hold, while two rate it Sell.

Engineers Gate Manager LP grew its holdings in DXC Technology Company. (NYSE:DXC - Free Report) by 100.8% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 211,900 shares of the company's stock after acquiring an additional 106,394 shares during the period. Engineers Gate Manager LP owned about 0.13% of DXC Technology worth $1,875,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Nierenberg Investment Management Company LLC acquired a new position in shares of DXC Technology in the 2nd quarter valued at $907,214. Hara Capital LLC acquired a new stake in DXC Technology during the second quarter valued at $2,318,000. Dimensional Fund Advisors LP grew its position in DXC Technology by 2.6% during the first quarter. Dimensional Fund Advisors LP now owns 10,029,966 shares of the company's stock valued at $126,068,000 after buying an additional 258,819 shares during the period. CastleKnight Management LP increased its holdings in DXC Technology by 344.7% in the fourth quarter. CastleKnight Management LP now owns 324,651 shares of the company's stock valued at $4,756,000 after buying an additional 251,651 shares in the last quarter. Finally, GSA Capital Partners LLP purchased a new position in DXC Technology in the second quarter valued at $2,572,000. Hedge funds and other institutional investors own 96.20% of the company's stock.

DXC Technology Stock Performance

Shares of DXC Technology stock opened at $12.04 on Wednesday. The business's 50 day moving average price is $10.66 and its 200 day moving average price is $10.74. The company has a market cap of $1.92 billion, a price-to-earnings ratio of 17.19 and a beta of 0.80. The company has a debt-to-equity ratio of 0.90, a quick ratio of 1.41 and a current ratio of 1.41. DXC Technology Company. has a one year low of $7.90 and a one year high of $15.68.

DXC Technology (NYSE:DXC - Get Free Report) last released its quarterly earnings data 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 return on equity of 15.60% and a net margin of 0.99%.The firm had revenue of $3 billion for the quarter, compared to analyst estimates of $2.99 billion. During the same quarter in the previous year, the business posted $0.68 earnings per share. DXC Technology's revenue for the quarter was down 5.0% on a year-over-year basis. DXC Technology has set its Q2 2027 guidance at 0.550-0.550 EPS. On average, research analysts predict that DXC Technology Company. will post 2.61 EPS for the current year.

Wall Street Analyst Weigh In

DXC has been the topic of a number of recent analyst reports. Morgan Stanley set a $12.00 price target on DXC Technology in a research report on Monday, August 3rd. TD Cowen boosted their price objective on DXC Technology from $10.00 to $12.00 and gave the company a "hold" rating in a research report on Monday, August 3rd. Stifel Nicolaus reduced their target price on DXC Technology from $12.00 to $10.50 and set a "hold" rating for the company in a research note on Friday, July 31st. Weiss Ratings reiterated a "sell (d)" rating on shares of DXC Technology in a research report on Friday, August 7th. Finally, Royal Bank Of Canada dropped their price target on shares of DXC Technology from $16.00 to $14.00 and set a "sector perform" rating on the stock in a research note on Friday, July 31st. Seven investment analysts have rated the stock with a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, DXC Technology currently has an average rating of "Reduce" and an average target price of $12.21.

DXC Technology Profile

DXC Technology NYSE: DXC is a global information technology services company that helps businesses and government organizations modernize, manage and secure their technology environments. Its services include IT consulting, systems integration, application development and modernization, cloud computing, cybersecurity, data and analytics, and managed infrastructure.

The company also provides workplace and end-user computing services, enterprise application services, and technology support for complex operating environments.

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