AXQ Capital LP Takes Position in DXC Technology Company. $DXC

AXQ Capital LP bought a new position in shares of DXC Technology Company. (NYSE:DXC) in the 4th quarter, Holdings Channel.com reports. The institutional investor bought 68,306 shares of the company’s stock, valued at approximately $1,001,000.

Several other hedge funds have also added to or reduced their stakes in DXC. EverSource Wealth Advisors LLC raised its holdings in DXC Technology by 240.6% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,737 shares of the company’s stock valued at $27,000 after acquiring an additional 1,227 shares during the period. Danske Bank A S boosted its stake in DXC Technology by 280.0% in the 4th quarter. Danske Bank A S now owns 1,900 shares of the company’s stock valued at $28,000 after purchasing an additional 1,400 shares during the period. Fifth Third Bancorp boosted its stake in DXC Technology by 116.0% in the 4th quarter. Fifth Third Bancorp now owns 2,102 shares of the company’s stock valued at $31,000 after purchasing an additional 1,129 shares during the period. Hantz Financial Services Inc. grew its holdings in DXC Technology by 110.5% in the 4th quarter. Hantz Financial Services Inc. now owns 2,185 shares of the company’s stock valued at $32,000 after buying an additional 1,147 shares in the last quarter. Finally, Smartleaf Asset Management LLC increased its position in DXC Technology by 38.2% during the 3rd quarter. Smartleaf Asset Management LLC now owns 2,814 shares of the company’s stock worth $38,000 after buying an additional 778 shares during the period. Institutional investors and hedge funds own 96.20% of the company’s stock.

DXC Technology Stock Performance

Shares of NYSE:DXC opened at $10.00 on Wednesday. The company’s 50 day simple moving average is $11.20 and its 200 day simple moving average is $12.90. The stock has a market capitalization of $1.63 billion, a price-to-earnings ratio of 166.62 and a beta of 0.81. DXC Technology Company. has a 1 year low of $7.90 and a 1 year high of $16.45. 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 issued its earnings results on Thursday, May 7th. The company reported $0.77 EPS for the quarter, topping the consensus estimate of $0.70 by $0.07. The firm had revenue of $3.13 billion during the quarter, compared to the consensus estimate of $3.17 billion. DXC Technology had a return on equity of 17.24% and a net margin of 0.14%.The business’s quarterly revenue was down 1.2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.84 earnings per share. 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. As a group, research analysts predict that DXC Technology Company. will post 2.64 EPS for the current fiscal year.

Insider Buying and Selling

In other news, CEO Raul J. Fernandez acquired 28,051 shares of the firm’s stock in a transaction dated Monday, May 11th. The stock was bought at an average cost of $8.90 per share, for a total transaction of $249,653.90. Following the completion of the transaction, the chief executive officer directly owned 844,052 shares in the company, valued at $7,512,062.80. This represents a 3.44% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 0.61% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on DXC. Morgan Stanley reduced their target price on shares of 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. Zacks Research cut shares of DXC Technology from a “hold” rating to a “strong sell” rating in a research note on Tuesday, May 12th. Wall Street Zen downgraded shares of DXC Technology from a “buy” rating to a “hold” rating in a report on Saturday, March 28th. TD Cowen dropped their price target on shares of DXC Technology from $15.00 to $14.00 and set a “hold” rating for the company in a research report on Monday, April 6th. Finally, Weiss Ratings cut DXC Technology from a “sell (d+)” rating to a “sell (d)” rating in a research note on Monday, May 11th. Six investment analysts have rated the stock with a Hold rating and four have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, DXC Technology presently has an average rating of “Reduce” and an average target price of $12.75.

About DXC Technology

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.