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. decreased its position 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 Securities & Exchange Commission. The fund owned 364,986 shares of the company's stock after selling 63,171 shares during the period. Jacobs Levy Equity Management Inc. owned 0.20% of DXC Technology worth $6,223,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Banque Transatlantique SA acquired a new stake in shares of DXC Technology during the 1st quarter worth approximately $1,076,000. AQR Capital Management LLC grew its position in shares of DXC Technology by 2.8% during the 1st quarter. AQR Capital Management LLC now owns 1,997,247 shares of the company's stock worth $33,254,000 after buying an additional 53,598 shares during the period. Maverick Capital Ltd. grew its position in shares of DXC Technology by 135.4% during the 1st quarter. Maverick Capital Ltd. now owns 42,512 shares of the company's stock worth $725,000 after buying an additional 24,456 shares during the period. Cubist Systematic Strategies LLC acquired a new stake in shares of DXC Technology during the 1st quarter worth approximately $2,991,000. Finally, Royal Bank of Canada grew its position in shares of DXC Technology by 156.3% during the 1st quarter. Royal Bank of Canada now owns 99,930 shares of the company's stock worth $1,703,000 after buying an additional 60,935 shares during the period. Institutional investors own 96.20% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on DXC shares. JPMorgan Chase & Co. lowered their price target on shares of DXC Technology from $18.00 to $14.00 and set an "underweight" rating for the company in a research report on Wednesday, August 20th. Morgan Stanley lowered their price target on shares of DXC Technology from $16.00 to $15.00 and set an "equal weight" rating for the company in a research report on Friday, August 1st. BMO Capital Markets lowered their price target on shares of DXC Technology from $26.00 to $17.00 and set a "market perform" rating for the company in a research report on Thursday, May 15th. Royal Bank Of Canada decreased their price objective 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. Finally, Guggenheim restated a "neutral" rating on shares of DXC Technology in a report on Monday, May 12th. Five analysts have rated the stock with a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat, the stock has an average rating of "Reduce" and a consensus price target of $15.60.

DXC Technology Trading Down 0.9%

NYSE DXC opened at $14.66 on Tuesday. The firm has a market cap of $2.62 billion, a P/E ratio of 7.11 and a beta of 1.16. The company has a debt-to-equity ratio of 0.90, a current ratio of 1.22 and a quick ratio of 1.22. The stock's 50-day moving average is $14.32 and its 200-day moving average is $15.40. DXC Technology Company. has a one year low of $12.24 and a one year high of $24.83.

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 analysts' consensus estimates 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%.DXC Technology's revenue was down 2.4% compared to the same quarter last year. During the same quarter last year, the firm 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. Sell-side analysts anticipate that DXC Technology Company. will post 3.35 earnings per share for the current fiscal 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).

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