Jacobs Levy Equity Management Inc. Sells 63,171 Shares of DXC Technology Company. $DXC

Key Points

• Jacobs Levy Equity Management Inc. sold 63,171 shares of DXC Technology, reducing its stake by 14.8% to 364,986 shares, valued at approximately $6.2 million.
• Several hedge funds adjusted their stakes in DXC Technology during the 1st quarter, with AQR Capital Management increasing its position by 2.8% and Maverick Capital growing its stake by 135.4%.
• Wall Street analysts have lowered their price targets for DXC Technology, with the average consensus price target now at $15.60, and five analysts rating the stock as "Hold".

Jacobs Levy Equity Management Inc. reduced its holdings in DXC Technology Company. (NYSE:DXC - Free Report) by 14.8% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 364,986 shares of the company's stock after selling 63,171 shares during the quarter. Jacobs Levy Equity Management Inc. owned about 0.20% of DXC Technology worth $6,223,000 as of its most recent filing with the SEC.

Other institutional investors have also added to or reduced their stakes in the company. Dimensional Fund Advisors LP lifted its stake in DXC Technology by 1.6% during the first quarter. Dimensional Fund Advisors LP now owns 10,599,848 shares of the company's stock worth $180,725,000 after purchasing an additional 163,291 shares during the period. American Century Companies Inc. lifted its stake in DXC Technology by 11.8% during the first 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. LSV Asset Management raised its stake in shares of DXC Technology by 22.7% in the first quarter. LSV Asset Management now owns 4,151,398 shares of the company's stock valued at $70,781,000 after acquiring an additional 769,026 shares during the last quarter. AQR Capital Management LLC raised its stake in shares of DXC Technology by 2.8% in the first quarter. AQR Capital Management LLC now owns 1,997,247 shares of the company's stock valued at $33,254,000 after acquiring an additional 53,598 shares during the last quarter. Finally, Deutsche Bank AG raised its stake in shares of DXC Technology by 99.3% in 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. 96.20% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on DXC shares. Morgan Stanley cut their target price on shares of DXC Technology from $16.00 to $15.00 and set an "equal weight" rating for the company in a research note 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. JPMorgan Chase & Co. cut their target price on shares of DXC Technology from $18.00 to $14.00 and set an "underweight" rating for the company in a research note on Wednesday, August 20th. Finally, Royal Bank Of Canada cut their target price on shares of DXC Technology from $18.00 to $16.00 and set a "sector perform" rating for the company 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. According to MarketBeat.com, DXC Technology presently has a consensus rating of "Reduce" and a consensus price target of $15.60.

DXC Technology Price Performance

Shares of DXC Technology stock traded down $0.50 during midday trading on Friday, reaching $14.05. The company had a trading volume of 1,657,035 shares, compared to its average volume of 1,506,767. The company has a current ratio of 1.22, a quick ratio of 1.22 and a debt-to-equity ratio of 0.90. The company has a market capitalization of $2.51 billion, a price-to-earnings ratio of 6.82 and a beta of 1.16. The stock has a fifty day simple moving average of $14.17 and a 200 day simple moving average of $15.30. DXC Technology Company. has a 1-year low of $12.24 and a 1-year high of $24.83.

DXC Technology (NYSE:DXC - Get Free Report) last issued its quarterly earnings results on Thursday, July 31st. The company reported $0.68 earnings per share 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 quarter last year, the business posted $0.74 earnings per share. DXC Technology's revenue for the quarter was down 2.4% compared to the same quarter last year. DXC Technology has set its Q2 2026 guidance at 0.650-0.750 EPS. FY 2026 guidance at 2.850-3.350 EPS. As a group, equities research analysts forecast 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).