WINTON GROUP Ltd Acquires 97,818 Shares of DXC Technology Company. $DXC

Key Points

• WINTON GROUP Ltd increased its DXC Technology stake by 215.9% in the second quarter, acquiring 97,818 additional shares for a total holding of 143,129 shares. Institutional investors collectively own 96.2% of the company.
• DXC reported quarterly revenue of approximately $3.0 billion, slightly above estimates, but earnings of $0.40 per share missed consensus by $0.01. Revenue declined 5% year over year, while the company posted a 0.99% net margin.
• Analyst sentiment remains cautious, with seven Hold ratings and two Sell ratings; the stock has a consensus rating of “Reduce” and an average price target of $12.21, compared with a recent price of $11.40.

WINTON GROUP Ltd increased its stake in DXC Technology Company. (NYSE:DXC - Free Report) by 215.9% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 143,129 shares of the company's stock after acquiring an additional 97,818 shares during the period. WINTON GROUP Ltd owned approximately 0.09% of DXC Technology worth $1,267,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the stock. Nykredit A S bought a new stake in DXC Technology in the second quarter worth $51,580,000. BlackRock Inc. increased its position in DXC Technology by 21.5% during the second quarter. BlackRock Inc. now owns 28,276,735 shares of the company's stock valued at $250,249,000 after acquiring an additional 4,994,936 shares during the last quarter. AQR Capital Management LLC raised its stake in shares of DXC Technology by 97.0% in the second quarter. AQR Capital Management LLC now owns 3,933,973 shares of the company's stock valued at $60,150,000 after acquiring an additional 1,936,726 shares during the period. California State Teachers Retirement System raised its stake in shares of DXC Technology by 762.0% in the second quarter. California State Teachers Retirement System now owns 1,780,133 shares of the company's stock valued at $15,754,000 after acquiring an additional 1,573,620 shares during the period. Finally, Bank of America Corp DE bought a new stake in shares of DXC Technology in the 2nd quarter worth about $11,706,000. 96.20% of the stock is owned by institutional investors.

DXC Technology Stock Up 0.1%

Shares of DXC Technology stock opened at $11.40 on Monday. The company has a debt-to-equity ratio of 0.90, a current ratio of 1.41 and a quick ratio of 1.41. The stock has a market cap of $1.82 billion, a price-to-earnings ratio of 16.29 and a beta of 0.80. The firm's 50-day moving average is $10.58 and its two-hundred day moving average is $10.74. DXC Technology Company. has a 1 year low of $7.90 and a 1 year high of $15.68.

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

Wall Street Analyst Weigh In

DXC has been the topic of several analyst reports. TD Cowen upped their price target on shares of DXC Technology from $10.00 to $12.00 and gave the company a "hold" rating in a report on Monday, August 3rd. Zacks Research upgraded DXC Technology from a "strong sell" rating to a "hold" rating in a research report on Monday, July 13th. Morgan Stanley set a $12.00 target price on DXC Technology in a research note on Monday, August 3rd. Weiss Ratings reiterated a "sell (d)" rating on shares of DXC Technology in a report on Friday, August 7th. Finally, Stifel Nicolaus decreased their price target on DXC Technology from $12.00 to $10.50 and set a "hold" rating for the company in a research note on Friday, July 31st. Seven research analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Reduce" and a consensus price target of $12.21.

About DXC Technology

DXC Technology NYSE: DXC is a global information technology services company that helps businesses and government organizations modernize, manage and secure their technology environments. Its services include IT consulting, systems integration, application development and modernization, cloud computing, cybersecurity, data and analytics, and managed infrastructure.

The company also provides workplace and end-user computing services, enterprise application services, and technology support for complex operating environments.

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