Martingale Asset Management L P Makes New Investment in DXC Technology Company. $DXC

Key Points

• Martingale Asset Management L P has acquired a new stake in DXC Technology, purchasing 66,934 shares valued at approximately $1.14 million during the first quarter.
• DXC Technology reported $0.68 EPS for the last quarter, exceeding expectations, but experienced a 2.4% decline in revenue compared to the previous year.
• Analysts have adjusted their price targets for DXC Technology, with Morgan Stanley lowering its target from $16.00 to $15.00 and JPMorgan Chase reducing theirs from $18.00 to $14.00.

Martingale Asset Management L P purchased a new position in DXC Technology Company. (NYSE:DXC - Free Report) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 66,934 shares of the company's stock, valued at approximately $1,141,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Byrne Asset Management LLC acquired a new stake in shares of DXC Technology during the 1st quarter worth approximately $33,000. Wealthquest Corp acquired a new position in shares of DXC Technology in the 1st quarter valued at $49,000. Quarry LP lifted its stake in shares of DXC Technology by 604.1% in the 4th quarter. Quarry LP now owns 3,978 shares of the company's stock valued at $79,000 after purchasing an additional 3,413 shares during the last quarter. GAMMA Investing LLC lifted its stake in shares of DXC Technology by 37.4% in the 1st quarter. GAMMA Investing LLC now owns 4,507 shares of the company's stock valued at $77,000 after purchasing an additional 1,226 shares during the last quarter. Finally, CHICAGO TRUST Co NA acquired a new position in shares of DXC Technology in the 1st quarter valued at $183,000. Institutional investors and hedge funds own 96.20% of the company's stock.

Analyst Ratings Changes

Several equities analysts have recently commented on DXC shares. Wall Street Zen raised DXC Technology from a "hold" rating to a "buy" rating in a research note on Sunday, July 20th. Guggenheim reaffirmed a "neutral" rating on shares of DXC Technology in a research report on Monday, May 12th. Morgan Stanley reduced their price target on DXC Technology from $16.00 to $15.00 and set an "equal weight" rating on the stock in a research report on Friday, August 1st. BMO Capital Markets cut their target price on DXC Technology from $26.00 to $17.00 and set a "market perform" rating on the stock in a research report on Thursday, May 15th. Finally, Royal Bank Of Canada dropped their price target on DXC Technology from $18.00 to $16.00 and set a "sector perform" 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 given a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Reduce" and an average price target of $15.60.

DXC Technology Price Performance

DXC traded down $0.10 during trading on Thursday, reaching $14.21. 850,755 shares of the stock were exchanged, compared to its average volume of 1,741,696. DXC Technology Company. has a 1 year low of $12.24 and a 1 year high of $24.83. The company has a market capitalization of $2.54 billion, a price-to-earnings ratio of 6.90 and a beta of 1.18. The business's 50 day moving average price is $14.39 and its two-hundred day moving average price is $15.79. The company has a debt-to-equity ratio of 0.90, a current ratio of 1.22 and a quick ratio of 1.22.

DXC Technology (NYSE:DXC - Get Free Report) last released its quarterly earnings results on Thursday, July 31st. The company reported $0.68 earnings per share for the quarter, topping analysts' consensus estimates of $0.64 by $0.04. The company had revenue of $3.16 billion during the quarter, compared to analysts' expectations of $3.06 billion. DXC Technology had a return on equity of 18.59% and a net margin of 2.96%.The business's revenue for the quarter was down 2.4% compared to the same quarter last year. During the same period in the previous 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. As a group, equities research analysts anticipate that DXC Technology Company. will post 3.35 earnings per share for the current year.

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).