DXC Technology Company. $DXC Shares Sold by Russell Investments Group Ltd.

Key Points

• Russell Investments Group Ltd. has cut its stake in DXC Technology by 28.7%, now holding approximately 1,026,993 shares valued at $17.5 million as of their latest SEC filing.
• Several other institutional investors have also adjusted their positions in DXC, with noteworthy increases from Vident Advisory LLC and GAMMA Investing LLC in the recent quarters.
• Wall Street analysts show mixed sentiments toward DXC Technology, with price target reductions from firms like Royal Bank of Canada and Morgan Stanley, while Wall Street Zen upgraded the stock to a "buy" rating.

Russell Investments Group Ltd. cut its stake in shares of DXC Technology Company. (NYSE:DXC - Free Report) by 28.7% in the first quarter, according to its most recent disclosure with the SEC. The firm owned 1,026,993 shares of the company's stock after selling 413,550 shares during the period. Russell Investments Group Ltd. owned about 0.57% of DXC Technology worth $17,510,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in DXC. Byrne Asset Management LLC acquired a new stake in DXC Technology in the 1st quarter valued at about $33,000. Wealthquest Corp acquired a new stake in DXC Technology during the first quarter worth $49,000. GAMMA Investing LLC increased its stake in DXC Technology by 37.4% during the first quarter. GAMMA Investing LLC now owns 4,507 shares of the company's stock worth $77,000 after acquiring an additional 1,226 shares during the last quarter. Quarry LP increased its stake in DXC Technology by 604.1% during the fourth quarter. Quarry LP now owns 3,978 shares of the company's stock worth $79,000 after acquiring an additional 3,413 shares during the last quarter. Finally, CHICAGO TRUST Co NA acquired a new stake in DXC Technology during the first quarter worth $183,000. 96.20% of the stock is owned by institutional investors and hedge funds.

DXC Technology Stock Performance

Shares of DXC Technology stock traded up $0.6930 during trading on Friday, reaching $14.4030. The company's stock had a trading volume of 356,949 shares, compared to its average volume of 1,745,791. DXC Technology Company. has a fifty-two week low of $12.24 and a fifty-two week high of $24.83. The company has a 50-day moving average price of $14.49 and a two-hundred day moving average price of $16.00. 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 firm has a market cap of $2.58 billion, a PE ratio of 6.98 and a beta of 1.18.

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 business had revenue of $3.16 billion for 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 company's revenue was down 2.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.74 EPS. 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, analysts forecast that DXC Technology Company. will post 3.35 EPS for the current year.

Analyst Ratings Changes

Several brokerages have recently commented on DXC. Morgan Stanley decreased their price objective on shares of DXC Technology from $16.00 to $15.00 and set an "equal weight" rating on the stock in a report on Friday, August 1st. BMO Capital Markets decreased their price objective on shares of DXC Technology from $26.00 to $17.00 and set a "market perform" rating on the stock in a report on Thursday, May 15th. Wall Street Zen raised DXC Technology from a "hold" rating to a "buy" rating in a research report on Sunday, July 20th. JPMorgan Chase & Co. dropped their target price on DXC Technology from $18.00 to $14.00 and set an "underweight" rating for the company in a research report on Wednesday. Finally, Guggenheim reaffirmed a "neutral" rating on shares of DXC Technology in a research report on Monday, May 12th. Five equities research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat.com, DXC Technology has a consensus rating of "Reduce" and an average price target of $15.60.

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).