Legal & General Group Plc Makes New Investment in DXC Technology Company. $DXC

Key Points

• Legal & General Group Plc purchased 458,080 shares of DXC Technology in the second quarter, valued at approximately $4.05 million and representing 0.29% of the company. Institutional investors collectively own 96.2% of DXC’s stock.
• Analyst sentiment remains cautious: seven analysts rate DXC a Hold and two rate it Sell, resulting in a consensus rating of “Reduce” and an average price target of $12.21.
• DXC’s latest quarterly results showed $0.40 in adjusted EPS, slightly below the $0.41 consensus, while revenue reached $3 billion but fell 5% year over year.

Legal & General Group Plc bought a new position in DXC Technology Company. (NYSE:DXC - Free Report) in the 2nd quarter, according to its most recent disclosure with the SEC. The firm bought 458,080 shares of the company's stock, valued at approximately $4,054,000. Legal & General Group Plc owned 0.29% of DXC Technology at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. EverSource Wealth Advisors LLC boosted its holdings in shares of DXC Technology by 240.6% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,737 shares of the company's stock valued at $27,000 after buying an additional 1,227 shares in the last quarter. Danske Bank A S grew its stake in shares of DXC Technology by 280.0% in the 4th quarter. Danske Bank A S now owns 1,900 shares of the company's stock worth $28,000 after buying an additional 1,400 shares during the last quarter. Fifth Third Bancorp raised its stake in DXC Technology by 116.0% during the fourth quarter. Fifth Third Bancorp now owns 2,102 shares of the company's stock valued at $31,000 after buying an additional 1,129 shares during the last quarter. Hantz Financial Services Inc. raised its stake in DXC Technology by 110.5% during the fourth quarter. Hantz Financial Services Inc. now owns 2,185 shares of the company's stock valued at $32,000 after buying an additional 1,147 shares during the last quarter. Finally, CIBC Private Wealth Group LLC boosted its holdings in DXC Technology by 13,258.8% in the fourth quarter. CIBC Private Wealth Group LLC now owns 2,271 shares of the company's stock worth $33,000 after acquiring an additional 2,254 shares in the last quarter. Hedge funds and other institutional investors own 96.20% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on DXC. TD Cowen lifted their price target on DXC Technology from $10.00 to $12.00 and gave the stock a "hold" rating in a research report on Monday, August 3rd. Morgan Stanley set a $12.00 price objective on shares of DXC Technology in a research report on Monday, August 3rd. Zacks Research raised shares of DXC Technology from a "strong sell" rating to a "hold" rating in a report on Monday, July 13th. Stifel Nicolaus decreased their target price on shares of DXC Technology from $12.00 to $10.50 and set a "hold" rating for the company in a report on Friday, July 31st. Finally, Weiss Ratings reiterated a "sell (d)" rating on shares of DXC Technology in a research note on Friday, August 7th. Seven research analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Reduce" and a consensus target price of $12.21.

DXC Technology Stock Down 0.3%

DXC Technology stock opened at $11.64 on Friday. DXC Technology Company. has a one year low of $7.90 and a one year high of $15.68. The stock has a fifty day moving average of $10.40 and a 200 day moving average of $10.82. The company has a debt-to-equity ratio of 0.90, a quick ratio of 1.41 and a current ratio of 1.41. The stock has a market cap of $1.86 billion, a PE ratio of 16.63 and a beta of 0.80.

DXC Technology (NYSE:DXC - Get Free Report) last released its quarterly earnings results on Thursday, July 30th. The company reported $0.40 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.41 by ($0.01). The firm had revenue of $3 billion for the quarter, compared to the consensus estimate of $2.99 billion. DXC Technology had a net margin of 0.99% and a return on equity of 15.60%. The company's revenue for the quarter was down 5.0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.68 earnings per share. DXC Technology has set its Q2 2027 guidance at 0.550-0.550 EPS. As a group, sell-side analysts predict that DXC Technology Company. will post 2.61 EPS for the current year.

DXC Technology Company Profile

DXC Technology, headquartered in Tysons Corner, Virginia, is a global leader in IT services and solutions. The company was formed in 2017 through the merger of Computer Sciences Corporation (CSC) and the Enterprise Services business of Hewlett Packard Enterprise, combining decades of experience in consulting, systems integration and managed services. Since its inception, DXC has focused on helping clients modernize IT environments and drive digital transformation across their organizations.

DXC Technology's core service offerings encompass cloud and platform services, applications and analytics, security, and workplace and mobility solutions.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.