Nierenberg Investment Management Company LLC Buys New Position in DXC Technology Company. $DXC

Key Points

• Nierenberg Investment Management initiated a position of 102,510 DXC Technology shares during the second quarter, reportedly valued at approximately $907.2 million. Institutional investors collectively own 96.2% of the company.
• DXC shares were trading at $10.88, up 3.6%, with a 12-month range of $7.90 to $15.68. The company reported quarterly EPS of $0.40, slightly below estimates, while revenue of $3.0 billion exceeded forecasts but declined 5% year over year.
• Analyst sentiment remains cautious: seven analysts rate the stock Hold and two rate it Sell, producing a consensus “Reduce” rating and an average price target of $12.21.

Nierenberg Investment Management Company LLC bought a new stake in shares of DXC Technology Company. (NYSE:DXC - Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 102,510 shares of the company's stock, valued at approximately $907,214,000. DXC Technology accounts for about 0.5% of Nierenberg Investment Management Company LLC's investment portfolio, making the stock its 22nd biggest holding. Nierenberg Investment Management Company LLC owned approximately 0.06% of DXC Technology at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the company. CastleKnight Management LP increased its position in shares of DXC Technology by 344.7% during the fourth quarter. CastleKnight Management LP now owns 324,651 shares of the company's stock worth $4,756,000 after buying an additional 251,651 shares during the period. Dimensional Fund Advisors LP raised its stake in DXC Technology by 2.6% during the first quarter. Dimensional Fund Advisors LP now owns 10,029,966 shares of the company's stock worth $126,068,000 after buying an additional 258,819 shares during the last quarter. GSA Capital Partners LLP acquired a new position in DXC Technology in the second quarter valued at $2,572,000. SG Americas Securities LLC lifted its holdings in DXC Technology by 42.0% in the first quarter. SG Americas Securities LLC now owns 1,068,547 shares of the company's stock valued at $13,432,000 after buying an additional 316,218 shares during the period. Finally, SEB Asset Management AB bought a new stake in DXC Technology during the first quarter valued at $12,103,000. Institutional investors own 96.20% of the company's stock.

DXC Technology Trading Up 3.6%

NYSE:DXC opened at $10.88 on Thursday. DXC Technology Company. has a 12 month low of $7.90 and a 12 month high of $15.68. The company has a current ratio of 1.41, a quick ratio of 1.41 and a debt-to-equity ratio of 0.90. The stock has a market capitalization of $1.74 billion, a price-to-earnings ratio of 15.54 and a beta of 0.79. The firm has a fifty day simple moving average of $9.82 and a two-hundred day simple moving average of $11.06.

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

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the company. Stifel Nicolaus decreased their price target on DXC Technology from $12.00 to $10.50 and set a "hold" rating for the company in a report on Friday, July 31st. TD Cowen boosted their price objective on DXC Technology from $10.00 to $12.00 and gave the company a "hold" rating in a research note on Monday, August 3rd. Weiss Ratings restated a "sell (d)" rating on shares of DXC Technology in a research report on Friday, August 7th. Morgan Stanley set a $12.00 target price on DXC Technology in a research report on Monday, August 3rd. Finally, Zacks Research upgraded DXC Technology from a "strong sell" rating to a "hold" rating in a report on Monday, July 13th. Seven equities research analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Reduce" and a consensus target price of $12.21.

DXC Technology 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.

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