Connor Clark & Lunn Investment Management Ltd. Raises Stake in DXC Technology Company. $DXC

Connor Clark & Lunn Investment Management Ltd. grew its holdings in shares of DXC Technology Company. (NYSE:DXC) by 178.4% during the 2nd quarter, HoldingsChannel reports. The fund owned 599,254 shares of the company’s stock after acquiring an additional 384,020 shares during the quarter. Connor Clark & Lunn Investment Management Ltd.’s holdings in DXC Technology were worth $9,163,000 at the end of the most recent reporting period.

Other institutional investors also recently made changes to their positions in the company. Maryland State Retirement & Pension System grew its holdings in shares of DXC Technology by 1.1% during the 2nd quarter. Maryland State Retirement & Pension System now owns 61,629 shares of the company’s stock valued at $942,000 after purchasing an additional 691 shares during the last quarter. Yousif Capital Management LLC grew its stake in shares of DXC Technology by 1.1% during the second quarter. Yousif Capital Management LLC now owns 78,367 shares of the company’s stock valued at $1,198,000 after buying an additional 833 shares during the last quarter. SummerHaven Investment Management LLC grew its stake in shares of DXC Technology by 2.4% during the second quarter. SummerHaven Investment Management LLC now owns 42,730 shares of the company’s stock valued at $653,000 after buying an additional 986 shares during the last quarter. Covestor Ltd increased its holdings in shares of DXC Technology by 2.9% in the first quarter. Covestor Ltd now owns 35,789 shares of the company’s stock worth $610,000 after buying an additional 1,025 shares during the period. Finally, CHICAGO TRUST Co NA lifted its stake in shares of DXC Technology by 13.1% in the 2nd quarter. CHICAGO TRUST Co NA now owns 12,141 shares of the company’s stock valued at $186,000 after acquiring an additional 1,402 shares during the last quarter. Hedge funds and other institutional investors own 96.20% of the company’s stock.

Insider Buying and Selling

In other DXC Technology news, SVP Christopher Anthony Voci sold 2,500 shares of the firm’s stock in a transaction dated Thursday, September 11th. The shares were sold at an average price of $14.52, for a total value of $36,300.00. Following the completion of the sale, the senior vice president directly owned 91,105 shares in the company, valued at $1,322,844.60. This trade represents a 2.67% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. 0.61% of the stock is owned by company insiders.

DXC Technology Stock Performance

Shares of DXC stock opened at $13.53 on Wednesday. The firm has a market capitalization of $2.36 billion, a price-to-earnings ratio of 6.57 and a beta of 1.15. The stock has a fifty day moving average of $13.67 and a 200 day moving average of $14.45. DXC Technology Company. has a 52 week low of $12.24 and a 52 week high of $23.75. The company has a quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 0.90.

DXC Technology (NYSE:DXC) last issued its quarterly earnings data on Thursday, October 30th. The company reported $0.84 EPS for the quarter, topping the consensus estimate of $0.71 by $0.13. DXC Technology had a net margin of 2.96% and a return on equity of 18.59%. The business had revenue of $3.16 billion during the quarter, compared to analyst estimates of $3.17 billion. During the same period in the prior year, the business earned $0.93 EPS. The company’s revenue for the quarter was down 2.5% on a year-over-year basis. DXC Technology has set its FY 2026 guidance at 2.850-3.35 EPS. Q3 2026 guidance at 0.750-0.85 EPS. As a group, research analysts expect that DXC Technology Company. will post 3.35 earnings per share for the current year.

Analysts Set New Price Targets

Several equities analysts recently issued reports on DXC shares. Royal Bank Of Canada reduced their price target on DXC Technology from $18.00 to $16.00 and set a “sector perform” rating on the stock in a research report on Friday, August 1st. Wall Street Zen raised DXC Technology from a “hold” rating to a “buy” rating in a research note on Sunday. Stifel Nicolaus decreased their target price on shares of DXC Technology from $15.00 to $14.00 and set a “hold” rating on the stock in a research note on Friday, October 31st. Susquehanna set a $14.00 price target on shares of DXC Technology and gave the company a “neutral” rating in a report on Friday, October 31st. Finally, Weiss Ratings reissued a “sell (d)” rating on shares of DXC Technology in a report on Wednesday, October 8th. Six analysts have rated the stock with a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, DXC Technology currently has an average rating of “Reduce” and a consensus price target of $15.00.

DXC Technology Profile

DXC Technology Company, together with its subsidiaries, provides information technology services and solutions in the United States, the United Kingdom, rest of Europe, Australia, and internationally. It operates in two segments, Global Business Services (GBS) and Global Infrastructure Services (GIS).