AXQ Capital LP Acquires Shares of 68,306 DXC Technology Company. $DXC

AXQ Capital LP bought a new position in DXC Technology Company. (NYSE:DXC) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 68,306 shares of the company’s stock, valued at approximately $1,001,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Norges Bank acquired a new stake in DXC Technology during the 4th quarter valued at $1,052,000. Hillsdale Investment Management Inc. lifted its position in shares of DXC Technology by 2.2% during the fourth quarter. Hillsdale Investment Management Inc. now owns 587,300 shares of the company’s stock worth $8,604,000 after purchasing an additional 12,500 shares in the last quarter. Rothschild Investment LLC raised its position in DXC Technology by 83.4% in the 4th quarter. Rothschild Investment LLC now owns 5,467 shares of the company’s stock worth $80,000 after purchasing an additional 2,486 shares during the last quarter. Royce & Associates LP raised its position in shares of DXC Technology by 4.7% during the fourth quarter. Royce & Associates LP now owns 225,735 shares of the company’s stock worth $3,307,000 after acquiring an additional 10,052 shares during the last quarter. Finally, Arnhold LLC boosted its holdings in DXC Technology by 1.4% in the fourth quarter. Arnhold LLC now owns 801,475 shares of the company’s stock valued at $11,742,000 after acquiring an additional 11,000 shares during the last quarter. 96.20% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on DXC. TD Cowen dropped their price objective on DXC Technology from $15.00 to $14.00 and set a “hold” rating for the company in a report on Monday, April 6th. Wall Street Zen lowered shares of DXC Technology from a “buy” rating to a “hold” rating in a report on Saturday, March 28th. Weiss Ratings lowered shares of DXC Technology from a “sell (d+)” rating to a “sell (d)” rating in a report on Monday, May 11th. Morgan Stanley reduced their price target on DXC Technology from $15.00 to $9.00 and set an “equal weight” rating on the stock in a research report on Thursday, May 14th. Finally, BMO Capital Markets cut their target price on DXC Technology from $17.00 to $10.00 and set a “market perform” rating on the stock in a research note on Monday, May 11th. Six research analysts have rated the stock with a Hold rating and four have issued a Sell rating to the company. According to MarketBeat, DXC Technology presently has an average rating of “Reduce” and an average price target of $12.75.

Insider Buying and Selling at DXC Technology

In related news, CEO Raul J. Fernandez acquired 28,051 shares of the business’s stock in a transaction dated Monday, May 11th. The stock was bought at an average price of $8.90 per share, with a total value of $249,653.90. Following the acquisition, the chief executive officer owned 844,052 shares in the company, valued at $7,512,062.80. This represents a 3.44% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.61% of the stock is owned by company insiders.

DXC Technology Trading Down 3.1%

Shares of NYSE:DXC opened at $10.00 on Wednesday. The firm has a market cap of $1.63 billion, a price-to-earnings ratio of 166.62 and a beta of 0.81. DXC Technology Company. has a 12 month low of $7.90 and a 12 month high of $16.45. The company’s fifty day simple moving average is $11.20 and its 200 day simple moving average is $12.90. The company has a quick ratio of 1.36, a current ratio of 1.36 and a debt-to-equity ratio of 0.94.

DXC Technology (NYSE:DXC) last posted its quarterly earnings data on Thursday, May 7th. The company reported $0.77 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.70 by $0.07. The business had revenue of $3.13 billion during the quarter, compared to the consensus estimate of $3.17 billion. DXC Technology had a return on equity of 17.24% and a net margin of 0.14%.DXC Technology’s quarterly revenue was down 1.2% on a year-over-year basis. During the same period last year, the company earned $0.84 earnings per share. DXC Technology has set its Q1 2027 guidance at 0.400-0.400 EPS and its FY 2027 guidance at 2.400-2.900 EPS. As a group, research analysts forecast that DXC Technology Company. will post 2.64 EPS for the current fiscal year.

DXC Technology Company Profile

DXC Technology, headquartered in Tysons Corner, Virginia, is a global leader in IT services and solutions. The company was formed in 2017 through the merger of Computer Sciences Corporation (CSC) and the Enterprise Services business of Hewlett Packard Enterprise, combining decades of experience in consulting, systems integration and managed services. Since its inception, DXC has focused on helping clients modernize IT environments and drive digital transformation across their organizations.

DXC Technology’s core service offerings encompass cloud and platform services, applications and analytics, security, and workplace and mobility solutions.