Great Lakes Advisors LLC Invests $2.57 Million in DXC Technology Company. $DXC

Key Points

• Great Lakes Advisors purchased 290,062 shares of DXC Technology worth approximately $2.57 million, taking a 0.18% stake. Institutional investors collectively own 96.2% of the company, with BlackRock holding the largest position.
• DXC reported quarterly revenue of $3 billion, slightly above estimates, but earnings per share of $0.40 fell short of the $0.41 consensus. Revenue declined 5% year over year, while prior-year EPS was $0.68.
• Analyst sentiment remains cautious: seven analysts rate the stock Hold and two rate it Sell, producing an average “Reduce” rating and a $12.21 price target versus the reported share price of $10.81.

Great Lakes Advisors LLC acquired a new stake in DXC Technology Company. (NYSE:DXC - Free Report) in the 2nd quarter, according to its most recent filing with the SEC. The fund acquired 290,062 shares of the company's stock, valued at approximately $2,567,000. Great Lakes Advisors LLC owned 0.18% of DXC Technology as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in DXC. BlackRock Inc. grew its stake in shares of DXC Technology by 21.5% in the second quarter. BlackRock Inc. now owns 28,276,735 shares of the company's stock valued at $250,249,000 after buying an additional 4,994,936 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in DXC Technology by 2.6% during the 1st quarter. Dimensional Fund Advisors LP now owns 10,029,966 shares of the company's stock worth $126,068,000 after acquiring an additional 258,819 shares during the period. FIL Ltd lifted its holdings in shares of DXC Technology by 0.7% during the 4th quarter. FIL Ltd now owns 6,383,750 shares of the company's stock worth $93,522,000 after acquiring an additional 45,015 shares during the period. State Street Corp raised its holdings in shares of DXC Technology by 2.1% during the 2nd quarter. State Street Corp now owns 6,381,982 shares of the company's stock worth $97,581,000 after buying an additional 128,916 shares in the last quarter. Finally, AQR Capital Management LLC lifted its stake in DXC Technology by 6.4% in the 4th quarter. AQR Capital Management LLC now owns 4,750,808 shares of the company's stock valued at $69,599,000 after purchasing an additional 287,441 shares during the last quarter. Institutional investors own 96.20% of the company's stock.

DXC Technology Stock Performance

Shares of DXC opened at $10.81 on Friday. 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 stock has a 50-day moving average of $9.89 and a 200-day moving average of $11.03. The company has a market cap of $1.73 billion, a PE ratio of 15.44 and a beta of 0.79. 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 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%. The company's revenue was down 5.0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.68 EPS. DXC Technology has set its Q2 2027 guidance at 0.550-0.550 EPS. On average, equities research analysts predict that DXC Technology Company. will post 2.61 EPS for the current fiscal year.

Analysts Set New Price Targets

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

DXC Technology Profile

DXC Technology, headquartered in Tysons Corner, Virginia, is a global leader in IT services and solutions. The company was formed in 2017 through the merger of Computer Sciences Corporation (CSC) and the Enterprise Services business of Hewlett Packard Enterprise, combining decades of experience in consulting, systems integration and managed services. Since its inception, DXC has focused on helping clients modernize IT environments and drive digital transformation across their organizations.

DXC Technology's core service offerings encompass cloud and platform services, applications and analytics, security, and workplace and mobility solutions.

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