DXC Technology Company. $DXC Shares Sold by Mitsubishi UFJ Trust & Banking Corp

Mitsubishi UFJ Trust & Banking Corp lessened its position in shares of DXC Technology Company. (NYSE:DXC) by 34.2% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 391,605 shares of the company’s stock after selling 203,582 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp owned about 0.25% of DXC Technology worth $3,466,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in DXC. AQR Capital Management LLC boosted its holdings 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. UBS Group AG grew its position in shares of 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 acquiring an additional 1,161,879 shares during the last quarter. Qube Research & Technologies Ltd increased its holdings in shares of DXC Technology by 1,156.1% in the 2nd quarter. Qube Research & Technologies Ltd now owns 1,132,578 shares of the company’s stock valued at $17,317,000 after acquiring an additional 1,042,409 shares during the period. SEB Asset Management AB purchased a new stake in DXC Technology in the 1st quarter valued at $12,103,000. Finally, Balyasny Asset Management L.P. raised its position in DXC Technology by 7,434.7% in the 4th quarter. Balyasny Asset Management L.P. now owns 823,161 shares of the company’s stock valued at $12,059,000 after purchasing an additional 812,236 shares during the last quarter. Institutional investors and hedge funds own 96.20% of the company’s stock.

DXC Technology Stock Performance

NYSE:DXC opened at $10.79 on Friday. The firm’s fifty day moving average price is $9.72 and its 200 day moving average price is $11.17. DXC Technology Company. has a 1-year low of $7.90 and a 1-year high of $15.68. 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 firm has a market cap of $1.72 billion, a price-to-earnings ratio of 15.42 and a beta of 0.79.

DXC Technology (NYSE:DXC) last announced its quarterly earnings data on Thursday, July 30th. The company reported $0.40 EPS for the quarter, missing analysts’ consensus estimates of $0.41 by ($0.01). DXC Technology had a return on equity of 15.60% and a net margin of 0.99%.The firm had revenue of $3 billion for the quarter, compared to analysts’ expectations of $2.99 billion. During the same quarter in the previous year, the company posted $0.68 EPS. The firm’s quarterly revenue 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. On average, sell-side analysts expect that DXC Technology Company. will post 2.61 EPS for the current year.

Analyst Upgrades and Downgrades

DXC has been the topic of several research reports. Weiss Ratings reissued a “sell (d)” rating on shares of DXC Technology in a research report on Friday, August 7th. TD Cowen upped their target price 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. BMO Capital Markets lowered their price target on DXC Technology from $17.00 to $10.00 and set a “market perform” rating on the stock in a report on Monday, May 11th. Royal Bank Of Canada dropped their price target on 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. Finally, Stifel Nicolaus reduced their price objective 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 analysts have rated the stock with a Hold rating and three have issued a Sell rating to the company. According to MarketBeat, the stock has an average rating of “Reduce” and a consensus target price of $12.44.

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.