State of Alaska Department of Revenue Boosts Holdings in DXC Technology Company. $DXC

Key Points

• The State of Alaska Department of Revenue increased its holdings in DXC Technology by 57.6% in Q2, now owning approximately 299,986 shares valued at $4.58 million.
• Several hedge funds significantly increased their stakes in DXC Technology, with Millennium Management boosting its position by 1,765.9% in Q1.
• DXC Technology's last earnings report showed an EPS of $0.68, exceeding analysts' expectations, but revenue declined by 2.4% year-over-year to $3.16 billion.

State of Alaska Department of Revenue grew its holdings in shares of DXC Technology Company. (NYSE:DXC - Free Report) by 57.6% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 299,986 shares of the company's stock after acquiring an additional 109,668 shares during the period. State of Alaska Department of Revenue owned about 0.17% of DXC Technology worth $4,586,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently made changes to their positions in the stock. Millennium Management LLC raised its stake in DXC Technology by 1,765.9% during the 1st quarter. Millennium Management LLC now owns 1,652,331 shares of the company's stock worth $28,172,000 after acquiring an additional 1,563,775 shares during the period. LSV Asset Management raised its position in shares of DXC Technology by 22.7% during the 1st quarter. LSV Asset Management now owns 4,151,398 shares of the company's stock valued at $70,781,000 after purchasing an additional 769,026 shares during the period. American Century Companies Inc. raised its position in shares of DXC Technology by 11.8% during the 1st quarter. American Century Companies Inc. now owns 6,503,675 shares of the company's stock valued at $110,888,000 after purchasing an additional 686,705 shares during the period. Nuveen LLC purchased a new position in shares of DXC Technology during the 1st quarter valued at $10,830,000. Finally, Assenagon Asset Management S.A. boosted its holdings in DXC Technology by 44.9% in the 1st quarter. Assenagon Asset Management S.A. now owns 970,166 shares of the company's stock worth $16,541,000 after buying an additional 300,590 shares during the period. 96.20% of the stock is currently owned by institutional investors.

DXC Technology Trading Down 2.5%

DXC opened at $13.65 on Tuesday. DXC Technology Company. has a 12 month low of $12.24 and a 12 month high of $24.83. The stock has a fifty day moving average price of $13.98 and a 200-day moving average price of $14.98. The firm has a market cap of $2.44 billion, a price-to-earnings ratio of 6.63 and a beta of 1.16. The company has a current ratio of 1.22, a quick ratio of 1.22 and a debt-to-equity ratio of 0.90.

DXC Technology (NYSE:DXC - Get Free Report) last announced its earnings results on Thursday, July 31st. The company reported $0.68 EPS for the quarter, topping analysts' consensus estimates of $0.64 by $0.04. DXC Technology had a net margin of 2.96% and a return on equity of 18.59%. The business had revenue of $3.16 billion during the quarter, compared to the consensus estimate of $3.06 billion. During the same period in the previous year, the company posted $0.74 earnings per share. The firm's revenue was down 2.4% on a year-over-year basis. DXC Technology has set its Q2 2026 guidance at 0.650-0.750 EPS. FY 2026 guidance at 2.850-3.350 EPS. As a group, equities research analysts anticipate that DXC Technology Company. will post 3.35 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

DXC has been the subject of several research analyst reports. Morgan Stanley cut their target price on DXC Technology from $16.00 to $15.00 and set an "equal weight" rating for the company in a research report on Friday, August 1st. Wall Street Zen raised shares of DXC Technology from a "hold" rating to a "buy" rating in a report on Sunday, July 20th. Royal Bank Of Canada dropped their price objective on shares of DXC Technology from $18.00 to $16.00 and set a "sector perform" rating for the company in a research note on Friday, August 1st. Finally, JPMorgan Chase & Co. decreased their target price on shares of DXC Technology from $18.00 to $14.00 and set an "underweight" rating on the stock in a research report on Wednesday, August 20th. Five analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, DXC Technology currently has an average rating of "Reduce" and an average price target of $15.60.

Insider Transactions at DXC Technology

In other DXC Technology news, SVP Christopher Anthony Voci sold 2,500 shares of DXC Technology stock in a transaction on Thursday, September 11th. The shares were sold at an average price of $14.52, for a total value of $36,300.00. Following the transaction, the senior vice president directly owned 91,105 shares of the company's stock, valued at approximately $1,322,844.60. The trade was a 2.67% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.61% of the company's stock.

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).

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