The Manufacturers Life Insurance Company Makes New Investment in DXC Technology Company. $DXC

by · The Markets Daily

The Manufacturers Life Insurance Company purchased a new position in shares of DXC Technology Company. (NYSE:DXC – Free Report) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 81,726 shares of the company’s stock, valued at approximately $723,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. BlackRock Inc. increased its position in shares of 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 buying an additional 4,994,936 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in DXC Technology by 2.6% during the first quarter. Dimensional Fund Advisors LP now owns 10,029,966 shares of the company’s stock worth $126,068,000 after acquiring an additional 258,819 shares in the last quarter. FIL Ltd grew its stake in DXC Technology by 0.7% in the fourth quarter. FIL Ltd now owns 6,383,750 shares of the company’s stock valued at $93,522,000 after acquiring an additional 45,015 shares during the period. State Street Corp grew its stake in DXC Technology by 2.1% in the second quarter. State Street Corp now owns 6,381,982 shares of the company’s stock valued at $97,581,000 after acquiring an additional 128,916 shares during the period. Finally, AQR Capital Management LLC increased its holdings in shares of DXC Technology by 6.4% in the fourth quarter. AQR Capital Management LLC now owns 4,750,808 shares of the company’s stock worth $69,599,000 after acquiring an additional 287,441 shares in the last quarter. Institutional investors and hedge funds own 96.20% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently commented on DXC. TD Cowen raised their price target on DXC Technology from $10.00 to $12.00 and gave the stock a “hold” rating in a research report on Monday, August 3rd. BMO Capital Markets lowered their target price 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. Morgan Stanley set a $12.00 target price on DXC Technology in a research note on Monday, August 3rd. Stifel Nicolaus dropped their target price on shares of DXC Technology from $12.00 to $10.50 and set a “hold” rating on the stock in a report on Friday, July 31st. Finally, Weiss Ratings reaffirmed a “sell (d)” rating on shares of DXC Technology in a research note on Friday, August 7th. Seven equities research analysts have rated the stock with a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Reduce” and a consensus target price of $12.21.

Read Our Latest Research Report on DXC

DXC Technology Stock Performance

DXC opened at $11.64 on Friday. The business’s 50-day moving average price is $10.40 and its two-hundred day moving average price is $10.82. DXC Technology Company. has a 1 year low of $7.90 and a 1 year high of $15.68. 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 company has a debt-to-equity ratio of 0.90, a current ratio of 1.41 and a quick ratio of 1.41.

DXC Technology (NYSE:DXC – Get Free Report) last released its 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). The firm had revenue of $3 billion during the quarter, compared to the consensus estimate of $2.99 billion. DXC Technology had a net margin of 0.99% and a return on equity of 15.60%. The company’s revenue was down 5.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.68 EPS. DXC Technology has set its Q2 2027 guidance at 0.550-0.550 EPS. Equities analysts expect that DXC Technology Company. will post 2.61 EPS for the current fiscal year.

About DXC Technology

(Free Report)

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.

Recommended Stories

Want to see what other hedge funds are holding DXC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for DXC Technology Company. (NYSE:DXC – Free Report).