Wedge Capital Management L L P NC Acquires 22,260 Shares of DXC Technology Company. $DXC

Key Points

• Wedge Capital Management increased its stake in DXC Technology by 21.2%, acquiring an additional 22,260 shares to hold a total of 127,312 shares worth approximately $1.95 million.
• DXC Technology reported Q2 earnings of $0.68 per share, surpassing estimates by $0.04, despite a 2.4% decline in quarterly revenue year-over-year.
• Analysts have mixed ratings for DXC Technology, with target prices ranging from $14.00 to $18.00, and a consensus rating of "Reduce."

Wedge Capital Management L L P NC raised its holdings in shares of DXC Technology Company. (NYSE:DXC - Free Report) by 21.2% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 127,312 shares of the company's stock after acquiring an additional 22,260 shares during the period. Wedge Capital Management L L P NC owned about 0.07% of DXC Technology worth $1,947,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the stock. CX Institutional boosted its stake in shares of DXC Technology by 185.6% during the second quarter. CX Institutional now owns 412,484 shares of the company's stock valued at $6,307,000 after purchasing an additional 268,058 shares during the period. Exchange Traded Concepts LLC lifted its stake in DXC Technology by 6.1% in the second quarter. Exchange Traded Concepts LLC now owns 59,446 shares of the company's stock worth $909,000 after acquiring an additional 3,417 shares during the period. Wealth Enhancement Advisory Services LLC lifted its stake in DXC Technology by 94.9% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 25,906 shares of the company's stock worth $421,000 after acquiring an additional 12,611 shares during the period. Range Financial Group LLC lifted its stake in DXC Technology by 26.1% in the second quarter. Range Financial Group LLC now owns 14,749 shares of the company's stock worth $226,000 after acquiring an additional 3,049 shares during the period. Finally, Parallel Advisors LLC lifted its stake in DXC Technology by 273.9% in the second 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 period. Hedge funds and other institutional investors own 96.20% of the company's stock.

DXC Technology Trading Up 3.8%

DXC Technology stock opened at $14.31 on Tuesday. The business has a 50-day simple moving average of $14.04 and a two-hundred day simple moving average of $15.11. The company has a market cap of $2.56 billion, a P/E ratio of 6.95 and a beta of 1.16. DXC Technology Company. has a 52-week low of $12.24 and a 52-week high of $24.83. The company has a quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 0.90.

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 (EPS) for the quarter, beating analysts' consensus estimates of $0.64 by $0.04. The business had revenue of $3.16 billion during the quarter, compared to the consensus estimate of $3.06 billion. DXC Technology had a return on equity of 18.59% and a net margin of 2.96%.The business's quarterly revenue was down 2.4% compared to the same quarter last year. During the same period in the previous year, the company 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. Analysts predict that DXC Technology Company. will post 3.35 EPS for the current year.

Insider Buying and Selling

In related news, SVP Christopher Anthony Voci sold 2,500 shares of the business's stock in a transaction that occurred on Thursday, September 11th. The stock was 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.61% of the company's stock.

Wall Street Analyst Weigh In

DXC has been the topic of a number of research reports. JPMorgan Chase & Co. dropped 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 upgraded shares of DXC Technology from a "hold" rating to a "buy" rating in a report on Sunday, July 20th. Royal Bank Of Canada reduced their price target on DXC Technology from $18.00 to $16.00 and set a "sector perform" rating for the company in a report on Friday, August 1st. Finally, Morgan Stanley reduced their price target on DXC Technology from $16.00 to $15.00 and set an "equal weight" rating for the company in a report on Friday, August 1st. Five analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Reduce" and an average 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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