Legal & General Group Plc Sells 78,010 Shares of DXC Technology Company. $DXC

Legal & General Group Plc lowered its position in DXC Technology Company. (NYSE:DXC) by 13.3% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 506,517 shares of the company’s stock after selling 78,010 shares during the quarter. Legal & General Group Plc owned 0.30% of DXC Technology worth $7,420,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. EverSource Wealth Advisors LLC lifted its position in shares of DXC Technology by 240.6% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,737 shares of the company’s stock worth $27,000 after buying an additional 1,227 shares during the period. Danske Bank A S lifted its position in shares of DXC Technology by 280.0% during the 4th quarter. Danske Bank A S now owns 1,900 shares of the company’s stock worth $28,000 after buying an additional 1,400 shares during the period. Fifth Third Bancorp lifted its position in shares of DXC Technology by 116.0% during the 4th quarter. Fifth Third Bancorp now owns 2,102 shares of the company’s stock worth $31,000 after buying an additional 1,129 shares during the period. Hantz Financial Services Inc. lifted its position in shares of DXC Technology by 110.5% during the 4th quarter. Hantz Financial Services Inc. now owns 2,185 shares of the company’s stock worth $32,000 after buying an additional 1,147 shares during the period. Finally, Headlands Technologies LLC bought a new position in shares of DXC Technology during the 2nd quarter worth approximately $39,000. Institutional investors own 96.20% of the company’s stock.

DXC Technology Trading Down 5.4%

DXC stock opened at $9.00 on Friday. The business has a fifty day moving average price of $11.00 and a 200 day moving average price of $12.79. DXC Technology Company. has a fifty-two week low of $7.90 and a fifty-two week high of $16.45. The stock has a market capitalization of $1.47 billion, a price-to-earnings ratio of 149.92 and a beta of 0.81. The company has a debt-to-equity ratio of 0.94, a current ratio of 1.36 and a quick ratio of 1.36.

DXC Technology (NYSE:DXC) last released its quarterly earnings results on Thursday, May 7th. The company reported $0.77 earnings per share for the quarter, beating analysts’ consensus estimates of $0.70 by $0.07. The firm had revenue of $3.13 billion during the quarter, compared to analysts’ expectations of $3.17 billion. DXC Technology had a return on equity of 17.24% and a net margin of 0.14%.The business’s revenue was down 1.2% on a year-over-year basis. During the same period last year, the firm posted $0.84 EPS. 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. Analysts expect that DXC Technology Company. will post 2.64 EPS for the current fiscal year.

Insider Activity at DXC Technology

In other news, CEO Raul J. Fernandez bought 28,051 shares of the stock in a transaction dated Monday, May 11th. The stock was bought at an average cost of $8.90 per share, with a total value of $249,653.90. Following the purchase, the chief executive officer owned 844,052 shares of the company’s stock, valued at approximately $7,512,062.80. This represents a 3.44% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 0.61% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently commented on DXC shares. Zacks Research downgraded DXC Technology from a “hold” rating to a “strong sell” rating in a research report on Tuesday, May 12th. BMO Capital Markets cut their target price on DXC Technology from $17.00 to $10.00 and set a “market perform” rating for the company in a research report on Monday, May 11th. Morgan Stanley cut their target price on DXC Technology from $15.00 to $9.00 and set an “equal weight” rating for the company in a research report on Thursday, May 14th. Weiss Ratings downgraded DXC Technology from a “sell (d+)” rating to a “sell (d)” rating in a research report on Monday, May 11th. Finally, TD Cowen cut their target price on DXC Technology from $15.00 to $14.00 and set a “hold” rating for the company in a research report on Monday, April 6th. Six equities research analysts have rated the stock with a Hold rating and four have issued a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of “Reduce” and an average price target of $12.75.

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.