Sanctuary Advisors LLC Acquires Shares of 92,471 DXC Technology Company. $DXC

Key Points

• Sanctuary Advisors LLC acquired 92,471 shares of DXC Technology worth approximately $818,000, while other institutional investors also initiated or increased positions. Institutional investors collectively own 96.2% of the company.
• DXC Technology reported quarterly EPS of $0.40, slightly below the $0.41 consensus estimate, while revenue reached $3.0 billion. Revenue declined 5% year over year, and the company posted a 0.99% net margin.
• DXC shares opened at $11.24, within a 52-week range of $7.90 to $15.68. Analysts maintain a generally cautious outlook, with a consensus “Reduce” rating and an average price target of $12.21.

Sanctuary Advisors LLC bought a new stake in DXC Technology Company. (NYSE:DXC - Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 92,471 shares of the company's stock, valued at approximately $818,000. Sanctuary Advisors LLC owned 0.06% of DXC Technology as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in DXC. Evolve Private Wealth LLC bought a new position in DXC Technology in the second quarter valued at about $185,000. Hara Capital LLC bought a new stake in DXC Technology during the 2nd quarter worth about $2,318,000. Nierenberg Investment Management Company LLC bought a new stake in DXC Technology during the 2nd quarter worth about $907,214. Great Lakes Advisors LLC bought a new stake in DXC Technology during the 2nd quarter worth about $2,567,000. Finally, RHS Financial LLC lifted its position in DXC Technology by 12.3% during the 2nd quarter. RHS Financial LLC now owns 14,975 shares of the company's stock valued at $133,000 after purchasing an additional 1,643 shares during the period. Institutional investors own 96.20% of the company's stock.

DXC Technology Price Performance

DXC Technology stock opened at $11.24 on Friday. The firm has a market capitalization of $1.80 billion, a P/E ratio of 16.06 and a beta of 0.79. DXC Technology Company. has a 1 year low of $7.90 and a 1 year high of $15.68. The business has a 50-day moving average of $10.09 and a 200-day moving average of $10.90. The company has a current ratio of 1.41, a quick ratio of 1.41 and a debt-to-equity ratio of 0.90.

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

Analyst Ratings Changes

Several equities research analysts have recently commented on the stock. Morgan Stanley set a $12.00 price target on shares of DXC Technology in a research report on Monday, August 3rd. BMO Capital Markets cut their price objective on shares of DXC Technology from $17.00 to $10.00 and set a "market perform" rating on the stock in a report on Monday, May 11th. Zacks Research raised shares of DXC Technology from a "strong sell" rating to a "hold" rating in a research note on Monday, July 13th. Stifel Nicolaus lowered their target price on shares of DXC Technology from $12.00 to $10.50 and set a "hold" rating for the company in a report on Friday, July 31st. Finally, TD Cowen upped their target price on shares of DXC Technology from $10.00 to $12.00 and gave the company a "hold" rating in a research report on Monday, August 3rd. Seven research analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Reduce" and an average target price of $12.21.

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.

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