102,510 Shares in DXC Technology Company. $DXC Acquired by Nierenberg Investment Management Company LLC

Nierenberg Investment Management Company LLC purchased a new position in DXC Technology Company. (NYSE:DXC - Free Report) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 102,510 shares of the company's stock, valued at approximately $907,214. DXC Technology comprises 0.0% of Nierenberg Investment Management Company LLC's holdings, making the stock its 22nd largest holding. Nierenberg Investment Management Company LLC owned 0.06% of DXC Technology as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. BlackRock Inc. boosted its holdings in DXC Technology by 21.5% in the second quarter. BlackRock Inc. now owns 28,276,735 shares of the company's stock valued at $250,249,000 after purchasing an additional 4,994,936 shares during the last quarter. Dimensional Fund Advisors LP raised its position in DXC Technology by 2.6% in the first quarter. Dimensional Fund Advisors LP now owns 10,029,966 shares of the company's stock valued at $126,068,000 after purchasing an additional 258,819 shares during the period. FIL Ltd boosted its holdings in shares of DXC Technology by 0.7% during the fourth quarter. FIL Ltd now owns 6,383,750 shares of the company's stock valued at $93,522,000 after acquiring an additional 45,015 shares during the period. State Street Corp boosted its position in shares of DXC Technology by 2.1% in the second quarter. State Street Corp now owns 6,381,982 shares of the company's stock worth $97,581,000 after buying an additional 128,916 shares during the period. Finally, AQR Capital Management LLC lifted its position in DXC Technology by 6.4% during the 4th quarter. AQR Capital Management LLC now owns 4,750,808 shares of the company's stock worth $69,599,000 after acquiring an additional 287,441 shares during the last quarter. Hedge funds and other institutional investors own 96.20% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on DXC. TD Cowen increased their price target on DXC Technology from $10.00 to $12.00 and gave the company a "hold" rating in a research note on Monday, August 3rd. BMO Capital Markets decreased their target price on DXC Technology from $17.00 to $10.00 and set a "market perform" rating for the company in a research report on Monday, May 11th. Royal Bank Of Canada decreased their target price on DXC Technology from $16.00 to $14.00 and set a "sector perform" rating on the stock in a research report on Friday, July 31st. Stifel Nicolaus lowered their price objective on shares of DXC Technology from $12.00 to $10.50 and set a "hold" rating for the company in a research note on Friday, July 31st. Finally, Weiss Ratings reaffirmed a "sell (d)" rating on shares of DXC Technology in a research report on Friday, August 7th. Seven equities 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, DXC Technology presently has a consensus rating of "Reduce" and a consensus price target of $12.21.

DXC Technology Trading Up 2.1%

DXC Technology stock traded up $0.23 during midday trading on Friday, hitting $11.23. 829,842 shares of the stock were exchanged, compared to its average volume of 3,812,292. DXC Technology Company. has a 52 week low of $7.90 and a 52 week high of $15.68. The stock has a market capitalization of $1.79 billion, a PE ratio of 16.04 and a beta of 0.79. The company has a quick ratio of 1.41, a current ratio of 1.41 and a debt-to-equity ratio of 0.90. The company has a fifty day simple moving average of $10.04 and a two-hundred day simple moving average of $10.90.

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 the consensus estimate of $0.41 by ($0.01). DXC Technology had a net margin of 0.99% and a return on equity of 15.60%. The business had revenue of $3 billion for the quarter, compared to the consensus estimate of $2.99 billion. During the same period in the previous year, the business posted $0.68 EPS. DXC Technology's revenue was down 5.0% on a year-over-year basis. DXC Technology has set its Q2 2027 guidance at 0.550-0.550 EPS. Equities research analysts anticipate that DXC Technology Company. will post 2.61 EPS for the current fiscal year.

About DXC Technology

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.