Nierenberg Investment Management Company LLC Invests $907.21 Million in DXC Technology Company. $DXC

Nierenberg Investment Management Company LLC bought a new position in DXC Technology Company. (NYSE:DXC) during the second quarter, HoldingsChannel reports. The firm bought 102,510 shares of the company’s stock, valued at approximately $907,214,000. DXC Technology accounts for approximately 0.5% of Nierenberg Investment Management Company LLC’s holdings, making the stock its 22nd biggest position.

A number of other large investors also recently modified their holdings of the company. CastleKnight Management LP increased its stake in DXC Technology by 344.7% during the 4th quarter. CastleKnight Management LP now owns 324,651 shares of the company’s stock valued at $4,756,000 after purchasing an additional 251,651 shares in the last quarter. Dimensional Fund Advisors LP raised 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 buying an additional 258,819 shares during the last quarter. GSA Capital Partners LLP bought a new position in shares of DXC Technology in the second quarter valued at $2,572,000. SG Americas Securities LLC lifted its stake in shares of DXC Technology by 42.0% in the first quarter. SG Americas Securities LLC now owns 1,068,547 shares of the company’s stock valued at $13,432,000 after buying an additional 316,218 shares in the last quarter. Finally, SEB Asset Management AB acquired a new position in shares of DXC Technology during the first quarter valued at about $12,103,000. 96.20% of the stock is currently owned by institutional investors.

DXC Technology Stock Performance

Shares of DXC stock opened at $10.88 on Thursday. The firm has a 50-day moving average of $9.82 and a 200-day moving average of $11.06. The company has a market cap of $1.74 billion, a P/E ratio of 15.54 and a beta of 0.79. 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 Company. has a one year low of $7.90 and a one year high of $15.68.

DXC Technology (NYSE:DXC) last released its quarterly earnings results on Thursday, July 30th. The company reported $0.40 earnings per share for the quarter, missing analysts’ consensus estimates of $0.41 by ($0.01). DXC Technology had a net margin of 0.99% and a return on equity of 15.60%. The firm had revenue of $3 billion for the quarter, compared to the consensus estimate of $2.99 billion. During the same period in the previous year, the business earned $0.68 earnings per share. The firm’s revenue for the quarter was down 5.0% on a year-over-year basis. DXC Technology has set its Q2 2027 guidance at 0.550-0.550 EPS. Equities research analysts forecast that DXC Technology Company. will post 2.61 EPS for the current fiscal year.

Analysts Set New Price Targets

DXC has been the subject of several recent research reports. Weiss Ratings reissued a “sell (d)” rating on shares of DXC Technology in a research report on Friday, August 7th. BMO Capital Markets dropped their price target on shares of DXC Technology from $17.00 to $10.00 and set a “market perform” rating on the stock in a research report on Monday, May 11th. Stifel Nicolaus cut their price target 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. Royal Bank Of Canada decreased their price objective on DXC Technology from $16.00 to $14.00 and set a “sector perform” rating for the company in a report on Friday, July 31st. Finally, TD Cowen increased their price objective on DXC Technology from $10.00 to $12.00 and gave the stock a “hold” rating in a research note on Monday, August 3rd. Seven analysts have rated the stock with a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Reduce” and a consensus target price of $12.21.

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.