Hsbc Holdings PLC Raises Holdings in DXC Technology Company. $DXC

Key Points

• Hsbc Holdings PLC increased its holdings in DXC Technology Company by 200.7% during the first quarter, owning 303,909 shares valued at approximately $5.14 million.
• Wall Street analysts have mixed opinions on DXC Technology; while JPMorgan Chase reduced their price target to $14.00, Wall Street Zen upgraded the rating from "hold" to "buy."
• DXC Technology reported earnings per share of $0.68 for the last quarter, surpassing expectations, but experienced a 2.4% decline in year-over-year revenue.

Hsbc Holdings PLC raised its position in shares of DXC Technology Company. (NYSE:DXC - Free Report) by 200.7% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 303,909 shares of the company's stock after purchasing an additional 202,841 shares during the quarter. Hsbc Holdings PLC owned 0.17% of DXC Technology worth $5,141,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in DXC. LSV Asset Management lifted its holdings in shares of DXC Technology by 22.7% in the 1st quarter. LSV Asset Management now owns 4,151,398 shares of the company's stock valued at $70,781,000 after buying an additional 769,026 shares during the period. American Century Companies Inc. raised its holdings in DXC Technology by 11.8% in the 1st quarter. American Century Companies Inc. now owns 6,503,675 shares of the company's stock worth $110,888,000 after purchasing an additional 686,705 shares during the period. Nuveen LLC acquired a new position in DXC Technology in the 1st quarter worth about $10,830,000. AQR Capital Management LLC raised its holdings in shares of DXC Technology by 43.8% during the fourth quarter. AQR Capital Management LLC now owns 1,943,649 shares of the company's stock valued at $38,834,000 after acquiring an additional 591,841 shares during the last quarter. Finally, Deutsche Bank AG raised its holdings in shares of DXC Technology by 99.3% during the fourth quarter. Deutsche Bank AG now owns 1,173,407 shares of the company's stock valued at $23,445,000 after acquiring an additional 584,678 shares during the last quarter. Hedge funds and other institutional investors own 96.20% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on DXC. Guggenheim reissued a "neutral" rating on shares of DXC Technology in a report on Monday, May 12th. BMO Capital Markets reduced their target price on DXC Technology from $26.00 to $17.00 and set a "market perform" rating for the company in a report on Thursday, May 15th. Royal Bank Of Canada reduced their target price on DXC Technology from $18.00 to $16.00 and set a "sector perform" rating for the company in a report on Friday, August 1st. Wall Street Zen raised DXC Technology from a "hold" rating to a "buy" rating in a report on Sunday, July 20th. Finally, Morgan Stanley reduced their target price on DXC Technology from $16.00 to $15.00 and set an "equal weight" rating for the company in a report on Friday, August 1st. Five investment analysts have rated the stock with a Hold rating and one has given a Sell rating to the company. According to MarketBeat, DXC Technology currently has an average rating of "Reduce" and a consensus target price of $15.60.

DXC Technology Price Performance

Shares of DXC stock traded down $0.10 during trading hours on Thursday, reaching $14.21. The company had a trading volume of 1,532,083 shares, compared to its average volume of 1,926,953. The company has a market capitalization of $2.54 billion, a price-to-earnings ratio of 6.90 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 debt-to-equity ratio of 0.90, a quick ratio of 1.22 and a current ratio of 1.22. The stock has a fifty day moving average of $14.38 and a 200-day moving average of $15.75.

DXC Technology (NYSE:DXC - Get Free Report) last issued its quarterly earnings data on Thursday, July 31st. The company reported $0.68 earnings per share for the quarter, topping the consensus estimate of $0.64 by $0.04. The company had revenue of $3.16 billion during the quarter, compared to analyst estimates of $3.06 billion. DXC Technology had a return on equity of 18.59% and a net margin of 2.96%.The firm's revenue for the quarter was down 2.4% compared to the same quarter last year. During the same period in the prior year, the business posted $0.74 earnings per share. 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 anticipate that DXC Technology Company. will post 3.35 earnings per share for the current year.

About DXC Technology

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).