Lee Danner & Bass Inc. Sells 72,375 Shares of DXC Technology Company. $DXC

Key Points

• Lee Danner & Bass Inc. has reduced its stake in DXC Technology by 45.4%, selling 72,375 shares and now holding 87,185 shares worth approximately $1.33 million.
• DXC Technology reported a quarterly earnings per share (EPS) of $0.68, exceeding analysts' expectations of $0.64, despite experiencing a year-over-year revenue decline of 2.4%.
• Analyst ratings have varied, with JPMorgan Chase lowering its price target to $14.00 and Wall Street Zen upgrading to a "buy," reflecting mixed investor sentiment towards DXC's future performance.

Lee Danner & Bass Inc. decreased its position in DXC Technology Company. (NYSE:DXC - Free Report) by 45.4% during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor owned 87,185 shares of the company's stock after selling 72,375 shares during the period. Lee Danner & Bass Inc.'s holdings in DXC Technology were worth $1,333,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently bought and sold shares of the company. Principal Financial Group Inc. raised its stake in shares of 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 purchasing an additional 20,957 shares in the last quarter. Nuveen LLC bought a new stake in shares of DXC Technology during the 1st quarter worth approximately $10,830,000. Jump Financial LLC bought a new stake in shares of DXC Technology during the 1st quarter worth approximately $1,898,000. XTX Topco Ltd bought a new stake in shares of DXC Technology during the 1st quarter worth approximately $1,570,000. Finally, Allspring Global Investments Holdings LLC raised its stake in shares of DXC Technology by 323.4% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 63,772 shares of the company's stock worth $1,106,000 after purchasing an additional 48,711 shares in the last quarter. Institutional investors own 96.20% of the company's stock.

DXC Technology Stock Performance

Shares of DXC stock opened at $13.61 on Friday. The business's 50-day moving average price is $13.83 and its 200-day moving average price is $14.57. DXC Technology Company. has a 12 month low of $12.24 and a 12 month high of $24.83. The firm has a market capitalization of $2.44 billion, a price-to-earnings ratio of 6.60 and a beta of 1.12. The company has a current ratio of 1.22, a quick ratio of 1.22 and a debt-to-equity ratio of 0.90.

DXC Technology (NYSE:DXC - Get Free Report) last announced its quarterly earnings results on Thursday, July 31st. The company reported $0.68 EPS for the quarter, beating analysts' consensus estimates of $0.64 by $0.04. DXC Technology had a return on equity of 18.59% and a net margin of 2.96%.The firm had revenue of $3.16 billion for the quarter, compared to analyst estimates of $3.06 billion. During the same period last year, the firm posted $0.74 earnings per share. The business's revenue for the quarter was down 2.4% on a year-over-year basis. DXC Technology has set its Q2 2026 guidance at 0.650-0.750 EPS. FY 2026 guidance at 2.850-3.350 EPS. Equities research analysts forecast that DXC Technology Company. will post 3.35 EPS for the current year.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on DXC shares. JPMorgan Chase & Co. dropped their price target on DXC Technology from $18.00 to $14.00 and set an "underweight" rating on the stock in a research note on Wednesday, August 20th. Royal Bank Of Canada reduced their target price on DXC Technology from $18.00 to $16.00 and set a "sector perform" rating on the stock 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. Morgan Stanley reduced their price objective on 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. Finally, Weiss Ratings reaffirmed a "sell (d)" rating on shares of DXC Technology in a research note on Wednesday, October 8th. Five research analysts have rated the stock with a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Reduce" and a consensus price target of $15.60.

Insider Activity at DXC Technology

In other news, SVP Christopher Anthony Voci sold 2,500 shares of the firm's stock in a transaction dated Thursday, September 11th. The stock was sold at an average price of $14.52, for a total transaction of $36,300.00. Following the completion of the transaction, the senior vice president directly owned 91,105 shares in the company, valued at $1,322,844.60. This trade represents a 2.67% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.61% of the company's stock.

DXC Technology 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).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.