Northern Trust Corp Has $22.76 Million Stake in DXC Technology Company. $DXC

Key Points

• Northern Trust Corp reduced its holdings in DXC Technology by 17.0%, selling 272,778 shares and retaining 1,334,853 shares worth approximately $22.76 million at the end of the first quarter.
• Despite the reduction by Northern Trust, other institutional investors such as LSV Asset Management and American Century Companies increased their positions in DXC Technology significantly during the same period.
• DXC Technology's stock last closed at $14.42 and has a 1-year range of $12.24 to $24.83, with analysts expecting the company to report earnings per share of 3.35 for the current year.

Northern Trust Corp reduced its holdings in DXC Technology Company. (NYSE:DXC - Free Report) by 17.0% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,334,853 shares of the company's stock after selling 272,778 shares during the period. Northern Trust Corp owned approximately 0.74% of DXC Technology worth $22,759,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of DXC. Dimensional Fund Advisors LP lifted its stake in shares of DXC Technology by 1.6% in the 1st quarter. Dimensional Fund Advisors LP now owns 10,599,848 shares of the company's stock valued at $180,725,000 after purchasing an additional 163,291 shares during the period. American Century Companies Inc. boosted its stake in DXC Technology by 11.8% during the 1st quarter. American Century Companies Inc. now owns 6,503,675 shares of the company's stock worth $110,888,000 after acquiring an additional 686,705 shares during the last quarter. LSV Asset Management raised its holdings in DXC Technology by 22.7% in the first quarter. LSV Asset Management now owns 4,151,398 shares of the company's stock worth $70,781,000 after purchasing an additional 769,026 shares during the period. Deutsche Bank AG boosted its position in shares of DXC Technology by 99.3% during the fourth quarter. Deutsche Bank AG now owns 1,173,407 shares of the company's stock worth $23,445,000 after purchasing an additional 584,678 shares in the last quarter. Finally, Assenagon Asset Management S.A. grew its holdings in shares of DXC Technology by 44.9% in the 1st quarter. Assenagon Asset Management S.A. now owns 970,166 shares of the company's stock valued at $16,541,000 after buying an additional 300,590 shares during the period. Institutional investors and hedge funds own 96.20% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the company. Royal Bank Of Canada decreased their price objective on DXC Technology from $18.00 to $16.00 and set a "sector perform" rating for the company in a research report on Friday, August 1st. Morgan Stanley cut their price target on DXC Technology from $16.00 to $15.00 and set an "equal weight" rating on the stock in a report on Friday, August 1st. Guggenheim reiterated a "neutral" rating on shares of DXC Technology in a report on Monday, May 12th. JPMorgan Chase & Co. cut their target price 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. Finally, BMO Capital Markets reduced their price target on DXC Technology from $26.00 to $17.00 and set a "market perform" rating for the company in a research report on Thursday, May 15th. Five research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat, DXC Technology has an average rating of "Reduce" and an average target price of $15.60.

DXC Technology Stock Down 0.8%

Shares of DXC Technology stock traded down $0.11 on Thursday, reaching $14.39. 803,367 shares of the company were exchanged, compared to its average volume of 1,735,554. DXC Technology Company. has a one year low of $12.24 and a one year high of $24.83. The company has a current ratio of 1.22, a quick ratio of 1.22 and a debt-to-equity ratio of 0.90. The company has a 50-day moving average of $14.35 and a 200 day moving average of $15.59. The company has a market capitalization of $2.58 billion, a price-to-earnings ratio of 6.99 and a beta of 1.16.

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

About DXC Technology

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).