Nykredit A S Makes New Investment in DXC Technology Company. $DXC

Key Points

• Nykredit A/S acquired 5.83 million DXC Technology shares worth approximately $51.6 million, representing about 3.65% of the company. Institutional investors collectively own 96.2% of DXC’s stock.
• Analysts remain cautious, with a consensus rating of “Reduce” and an average price target of $12.21; recent firms generally maintained Hold ratings while adjusting targets between $10.50 and $14.00.
• DXC reported quarterly revenue of approximately $3 billion, slightly above estimates, but earnings per share of $0.40 missed expectations and revenue declined 5% year over year. The stock opened at $11.66, compared with a 12-month range of $7.90 to $15.68.

Nykredit A S acquired a new position in shares of DXC Technology Company. (NYSE:DXC - Free Report) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 5,828,244 shares of the company's stock, valued at approximately $51,580,000. Nykredit A S owned about 3.65% of DXC Technology at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of DXC. Royal Bank of Canada raised its holdings in DXC Technology by 156.3% during the first quarter. Royal Bank of Canada now owns 99,930 shares of the company's stock worth $1,703,000 after acquiring an additional 60,935 shares in the last quarter. Goldman Sachs Group Inc. boosted its position in DXC Technology by 4.1% during the first quarter. Goldman Sachs Group Inc. now owns 1,239,558 shares of the company's stock valued at $21,134,000 after purchasing an additional 49,228 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in DXC Technology by 4.9% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 735,597 shares of the company's stock valued at $12,542,000 after purchasing an additional 34,544 shares in the last quarter. Creative Planning grew its stake in DXC Technology by 83.9% in the second quarter. Creative Planning now owns 21,863 shares of the company's stock valued at $334,000 after purchasing an additional 9,972 shares in the last quarter. Finally, EverSource Wealth Advisors LLC increased its position 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 worth $27,000 after purchasing an additional 1,227 shares during the last quarter. Institutional investors own 96.20% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on DXC shares. Royal Bank Of Canada dropped their price objective on DXC Technology from $16.00 to $14.00 and set a "sector perform" rating on the stock in a research note on Friday, July 31st. Morgan Stanley set a $12.00 target price on shares of DXC Technology in a research note on Monday, August 3rd. Zacks Research upgraded shares of DXC Technology from a "strong sell" rating to a "hold" rating in a report on Monday, July 13th. TD Cowen upped their price target on shares of DXC Technology from $10.00 to $12.00 and gave the stock a "hold" rating in a research report on Monday, August 3rd. Finally, Stifel Nicolaus cut their price target 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. Seven investment analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Reduce" and a consensus price target of $12.21.

DXC Technology Price Performance

NYSE:DXC opened at $11.66 on Thursday. 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 stock's 50 day moving average price is $10.27 and its two-hundred day moving average price is $10.83. The firm has a market capitalization of $1.86 billion, a price-to-earnings ratio of 16.65 and a beta of 0.80. DXC Technology Company. has a 12-month low of $7.90 and a 12-month high of $15.68.

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

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