Jupiter Topco LLC Invests $703,000 in DXC Technology Company. $DXC

Jupiter Topco LLC bought a new stake in DXC Technology Company. (NYSE:DXC) in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm bought 79,362 shares of the company’s stock, valued at approximately $703,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. BlackRock Inc. grew its position in DXC Technology by 21.5% in the 2nd quarter. BlackRock Inc. now owns 28,276,735 shares of the company’s stock valued at $250,249,000 after purchasing an additional 4,994,936 shares during the period. AQR Capital Management LLC raised its holdings in DXC Technology by 97.0% during the second quarter. AQR Capital Management LLC now owns 3,933,973 shares of the company’s stock worth $60,150,000 after buying an additional 1,936,726 shares during the last quarter. UBS Group AG raised its holdings in DXC Technology by 131.2% during the third quarter. UBS Group AG now owns 2,047,395 shares of the company’s stock worth $27,906,000 after buying an additional 1,161,879 shares during the last quarter. Qube Research & Technologies Ltd lifted its stake in shares of DXC Technology by 1,156.1% in the second quarter. Qube Research & Technologies Ltd now owns 1,132,578 shares of the company’s stock valued at $17,317,000 after buying an additional 1,042,409 shares in the last quarter. Finally, SEB Asset Management AB bought a new position in shares of DXC Technology in the first quarter valued at $12,103,000. 96.20% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on DXC shares. TD Cowen boosted their target price on shares of DXC Technology from $10.00 to $12.00 and gave the stock a “hold” rating in a research report on Monday, August 3rd. Royal Bank Of Canada dropped their price target on shares of DXC Technology from $16.00 to $14.00 and set a “sector perform” rating on the stock in a research report on Friday, July 31st. Stifel Nicolaus decreased their price objective on DXC Technology from $12.00 to $10.50 and set a “hold” rating for the company in a report on Friday, July 31st. Weiss Ratings reissued a “sell (d)” rating on shares of DXC Technology in a report on Friday, August 7th. Finally, BMO Capital Markets lowered their price objective on DXC Technology from $17.00 to $10.00 and set a “market perform” rating for the company in a research note on Monday, May 11th. Seven investment analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Reduce” and a consensus target price of $12.21.

DXC Technology Stock Performance

Shares of DXC opened at $11.64 on Monday. The company has a current ratio of 1.41, a quick ratio of 1.41 and a debt-to-equity ratio of 0.90. The company has a market capitalization of $1.86 billion, a price-to-earnings ratio of 16.63 and a beta of 0.80. The stock has a 50 day moving average of $10.40 and a 200 day moving average of $10.80. DXC Technology Company. has a 12 month low of $7.90 and a 12 month high of $15.68.

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