VIRGINIA RETIREMENT SYSTEMS ET Al Purchases New Position in DXC Technology Company. $DXC

Key Points

• Virginia Retirement Systems ET Al has acquired a new position in DXC Technology, purchasing 125,073 shares valued at approximately $1.9 million, indicating institutional interest in the stock.
• DXC Technology's stock has shown a recent increase of 2.3%, with a current price of $13.29, while it has a market capitalization of $2.38 billion and a P/E ratio of 6.45.
• In its latest earnings report, DXC Technology surpassed analysts' expectations with an EPS of $0.68 and reported a revenue of $3.16 billion, although this was a 2.4% decrease year-over-year.

VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new stake in shares of DXC Technology Company. (NYSE:DXC - Free Report) during the 2nd quarter, according to its most recent disclosure with the SEC. The fund purchased 125,073 shares of the company's stock, valued at approximately $1,912,000. VIRGINIA RETIREMENT SYSTEMS ET Al owned about 0.07% of DXC Technology at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Signaturefd LLC grew its holdings in DXC Technology by 187.3% during the 2nd quarter. Signaturefd LLC now owns 3,054 shares of the company's stock worth $47,000 after acquiring an additional 1,991 shares during the last quarter. Wealthquest Corp bought a new stake in DXC Technology during the 1st quarter worth approximately $49,000. GAMMA Investing LLC grew its holdings in DXC Technology by 37.4% during the 1st 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. Parallel Advisors LLC grew its holdings in DXC Technology by 273.9% during the 2nd quarter. Parallel Advisors LLC now owns 6,218 shares of the company's stock worth $95,000 after acquiring an additional 4,555 shares during the last quarter. Finally, Hennessy Advisors Inc. bought a new stake in DXC Technology during the 2nd quarter worth approximately $97,000. 96.20% of the stock is owned by institutional investors.

DXC Technology Stock Up 2.3%

Shares of NYSE DXC opened at $13.29 on Wednesday. The company has a market capitalization of $2.38 billion, a P/E ratio of 6.45 and a beta of 1.12. DXC Technology Company. has a 52-week low of $12.24 and a 52-week high of $24.83. The company has a debt-to-equity ratio of 0.90, a quick ratio of 1.22 and a current ratio of 1.22. The company's 50 day moving average price is $13.86 and its 200-day moving average price is $14.58.

DXC Technology (NYSE:DXC - Get Free Report) last issued its quarterly earnings results on Thursday, July 31st. The company reported $0.68 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.64 by $0.04. The firm had revenue of $3.16 billion for the quarter, compared to the consensus estimate of $3.06 billion. DXC Technology had a net margin of 2.96% and a return on equity of 18.59%. The company's revenue for the quarter was down 2.4% on a year-over-year basis. During the same quarter in the previous year, the company earned $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. Equities analysts forecast that DXC Technology Company. will post 3.35 earnings per share for the current year.

Insider Activity

In related news, SVP Christopher Anthony Voci sold 2,500 shares of the business's stock in a transaction on Thursday, September 11th. The shares were sold at an average price of $14.52, for a total transaction of $36,300.00. Following the transaction, the senior vice president owned 91,105 shares in the company, valued at $1,322,844.60. The trade was a 2.67% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.61% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the stock. Weiss Ratings reissued a "sell (d)" rating on shares of DXC Technology in a report on Wednesday, October 8th. JPMorgan Chase & Co. reduced their target price on shares of DXC Technology from $18.00 to $14.00 and set an "underweight" rating on the stock in a report on Wednesday, August 20th. Wall Street Zen raised shares of DXC Technology from a "hold" rating to a "buy" rating in a report on Sunday, July 20th. 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, Royal Bank Of Canada reduced their target price on shares of DXC Technology from $18.00 to $16.00 and set a "sector perform" rating on the stock in a report on Friday, August 1st. Five equities research analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Reduce" and a consensus target price 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).

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