Vanguard Group Inc. Sells 301,061 Shares of DXC Technology Company. $DXC

Key Points

• Vanguard Group Inc. reduced its stake in DXC Technology Company by 1.3% during the first quarter, selling 301,061 shares and now owns about 12.89% of the company, valued at approximately $397.8 million.
• Multiple institutional investors have increased their holdings in DXC Technology, with LSV Asset Management growing its stake by 22.7% in the first quarter.
• Equity research analysts have lowered their price targets for DXC Technology, with BMO Capital Markets slashing it from $26 to $17, indicating a general bearish sentiment about the company's stock.

Vanguard Group Inc. decreased its stake in shares of DXC Technology Company. (NYSE:DXC - Free Report) by 1.3% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 23,333,556 shares of the company's stock after selling 301,061 shares during the period. Vanguard Group Inc. owned approximately 12.89% of DXC Technology worth $397,837,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in the stock. LSV Asset Management grew its position in DXC Technology by 22.7% in the first 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 in the last quarter. AQR Capital Management LLC lifted its stake in shares of DXC Technology by 43.8% during the 4th quarter. AQR Capital Management LLC now owns 1,943,649 shares of the company's stock worth $38,834,000 after buying an additional 591,841 shares during the last quarter. Deutsche Bank AG lifted its stake in shares of DXC Technology by 99.3% during the 4th quarter. Deutsche Bank AG now owns 1,173,407 shares of the company's stock worth $23,445,000 after buying an additional 584,678 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in DXC Technology by 3.8% in the 4th quarter. Dimensional Fund Advisors LP now owns 10,436,557 shares of the company's stock worth $208,524,000 after purchasing an additional 378,338 shares in the last quarter. Finally, Assenagon Asset Management S.A. raised its stake 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 purchasing an additional 300,590 shares in the last quarter. Institutional investors own 96.20% of the company's stock.

DXC Technology Price Performance

Shares of DXC Technology stock traded down $0.0050 on Tuesday, reaching $13.9150. The stock had a trading volume of 665,162 shares, compared to its average volume of 1,753,596. The business's 50 day moving average is $14.61 and its two-hundred day moving average is $16.09. The company has a market cap of $2.49 billion, a P/E ratio of 6.75 and a beta of 1.18. 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 Company. has a 1 year low of $12.24 and a 1 year high of $24.83.

DXC Technology (NYSE:DXC - Get Free Report) last issued its quarterly earnings results on Thursday, July 31st. The company reported $0.68 EPS for the quarter, beating 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 for the quarter, compared to analysts' expectations of $3.06 billion. During the same period last year, the business earned $0.74 earnings per share. The business's quarterly 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, research analysts anticipate that DXC Technology Company. will post 3.35 EPS for the current year.

Wall Street Analyst Weigh In

Several brokerages have recently commented on DXC. Susquehanna dropped their target price on shares of DXC Technology from $23.00 to $16.00 and set a "neutral" rating for the company in a research report on Wednesday, April 23rd. BMO Capital Markets reduced their target price 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. JPMorgan Chase & Co. reduced their target price on shares of DXC Technology from $22.00 to $18.00 and set an "underweight" rating on the stock in a report on Wednesday, May 21st. Morgan Stanley reduced their target price 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. Finally, Wall Street Zen upgraded shares of DXC Technology from a "hold" rating to a "buy" rating in a research report on Sunday, July 20th. Five 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, the company presently has an average rating of "Reduce" and an average price target of $16.40.

DXC Technology Profile

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).