SCHEDULE 13G/A: BlackRock Discloses 12.7% Stake in DXC Technology Co
Beneficial Ownership Report
BlackRock, Inc. has filed an amended Schedule 13G, reporting a 12.7% beneficial ownership stake in DXC Technology Co as of March 31, 2025.
Summary
- BlackRock, Inc. has filed an Amendment No. 8 to Schedule 13G, disclosing its beneficial ownership in DXC Technology Co.
- As of March 31, 2025, BlackRock, Inc. beneficially owns an aggregate of 23,053,124 shares of DXC Technology Co's Common Stock.
- This ownership represents 12.7% of the total outstanding class of securities.
- BlackRock holds sole voting power over 22,455,801 shares and sole dispositive power over 23,053,124 shares.
- No shared voting or dispositive power is reported.
- The filing indicates that the securities were acquired and are held in the ordinary course of business, not for the purpose of changing or influencing control of the issuer.
- One specific entity, iShares Core S&P Small-Cap ETF, an affiliate of BlackRock, is noted to have an interest exceeding five percent of the total outstanding common stock of DXC Technology Co.
Sentiment
Score: 5
Explanation: The document is a factual disclosure of beneficial ownership and does not contain information that would inherently indicate positive or negative sentiment regarding the issuer's performance or outlook.
Future Outlook
NA
Industry Context
This filing reflects a routine disclosure by BlackRock, one of the world's largest asset managers, regarding its significant passive investment in DXC Technology Co. Such filings are common for large institutional investors that cross certain ownership thresholds, indicating their holdings for investment purposes rather than active control.
Stakeholder Impact
- Shareholders: BlackRock's significant stake (12.7%) may be viewed as a vote of confidence from a major institutional investor, potentially influencing other investors' perceptions of DXC Technology Co.
Key Dates
| Date | Description |
|---|---|
| 2023-04-30 | Date of previous Power of Attorney that was revoked. |
| 2025-01-21 | Effective date of the new Power of Attorney for BlackRock, Inc. |
| 2025-03-31 | Date of event which requires filing of this statement (reporting period end date). |
| 2025-04-30 | Signature date of the Schedule 13G filing. |
Keywords
BlackRock, DXC Technology Co, Schedule 13G, Beneficial Ownership, SEC Filing, Common Stock, Institutional Investor, Asset Management
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.