Invesco Ltd. Has $154.57 Million Stake in DXC Technology Company. $DXC

Key Points

• Invesco Ltd. reduced its stake in DXC Technology by 0.7%, holding 9,065,631 shares worth approximately $154.57 million at the end of the last quarter.
• DXC Technology's stock price has decreased by 0.4%, with the shares trading at $13.73, significantly lower than its 1-year high of $24.83.
• Analyst ratings for DXC Technology show a mix, with several firms lowering their price targets, while the average consensus rating remains at "Hold" with a target of $16.40.

Invesco Ltd. trimmed its holdings in shares of DXC Technology Company. (NYSE:DXC - Free Report) by 0.7% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 9,065,631 shares of the company's stock after selling 63,340 shares during the quarter. Invesco Ltd. owned about 5.01% of DXC Technology worth $154,569,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in the stock. Sterling Capital Management LLC raised its stake in shares of DXC Technology by 55.4% in the fourth quarter. Sterling Capital Management LLC now owns 10,748 shares of the company's stock valued at $215,000 after acquiring an additional 3,833 shares during the last quarter. Principal Financial Group Inc. lifted its position in DXC Technology by 2.4% during the 1st quarter. Principal Financial Group Inc. now owns 898,356 shares of the company's stock worth $15,317,000 after buying an additional 20,957 shares in the last quarter. XTX Topco Ltd acquired a new position in DXC Technology in the 1st quarter valued at about $1,570,000. Allspring Global Investments Holdings LLC grew its stake in DXC Technology by 323.4% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 63,772 shares of the company's stock valued at $1,106,000 after buying an additional 48,711 shares during the last quarter. Finally, Janney Montgomery Scott LLC grew its position in shares of DXC Technology by 15.1% during the 1st quarter. Janney Montgomery Scott LLC now owns 20,767 shares of the company's stock worth $354,000 after purchasing an additional 2,724 shares in the last quarter. Institutional investors own 96.20% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on DXC shares. JPMorgan Chase & Co. decreased their price target on shares of DXC Technology from $22.00 to $18.00 and set an "underweight" rating for the company in a research report on Wednesday, May 21st. Guggenheim reissued a "neutral" rating on shares of DXC Technology in a research note on Monday, May 12th. Royal Bank Of Canada lowered their price target on shares of 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 upgraded shares of DXC Technology from a "hold" rating to a "buy" rating in a research note on Sunday, July 20th. Finally, Morgan Stanley lowered their target price on shares of DXC Technology from $16.00 to $15.00 and set an "equal weight" rating on the stock in a research note on Friday, August 1st. Five research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Reduce" and an average price target of $16.40.

DXC Technology Trading Up 0.6%

Shares of DXC Technology stock traded up $0.09 during trading hours on Tuesday, hitting $14.01. The company's stock had a trading volume of 296,389 shares, compared to its average volume of 1,751,587. The firm has a fifty day moving average of $14.61 and a 200-day moving average of $16.09. DXC Technology Company. has a twelve month low of $12.24 and a twelve 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 market cap of $2.51 billion, a price-to-earnings ratio of 6.83 and a beta of 1.18.

DXC Technology (NYSE:DXC - Get Free Report) last released its quarterly earnings results on Thursday, July 31st. The company reported $0.68 EPS for the quarter, topping the consensus estimate of $0.64 by $0.04. The company had revenue of $3.16 billion for 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 was down 2.4% compared to the same quarter last year. During the same quarter in the previous year, the company 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. Research analysts forecast that DXC Technology Company. will post 3.35 EPS for the current year.

DXC Technology Company 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).