SCHEDULE 13G: Pacer Funds and Affiliates Disclose Significant Passive Stake in DXC Technology Co, Holding Nearly 10% of Shares

Pacer Funds Trust, Pacer Advisors, Inc., and Joe M. Thomson have jointly disclosed a passive beneficial ownership of 9.96% in DXC Technology Co, totaling 18,590,150 shares.

Summary

• Pacer US Cash Cows 100 ETF, Pacer US Small Cap Cash Cows ETF, Pacer Data and Digital Revolution ETF (collectively, the "Funds"), Pacer Advisors, Inc. (the "Adviser"), and Joe M. Thomson (collectively, the "Reporting Persons") have filed a Schedule 13G.
• The filing reports beneficial ownership of 18,590,150 shares of DXC Technology Co. common stock.
• This represents 9.96% of DXC Technology Co.'s outstanding common stock, based on 186,609,810 shares outstanding as of December 31, 2024.
• The shares are held for investment purposes in the ordinary course of business and not to influence control of the issuer.
• Pacer Advisors, Inc. serves as the investment adviser to the Funds and maintains discretionary investment and voting authority over the shares.
• Joe M. Thomson, as the majority stockholder of Pacer Advisors, Inc., is deemed a beneficial owner of the shares held by the Funds.

Sentiment

Score: 7

Explanation: The filing of a Schedule 13G by a reputable investment firm like Pacer Funds, indicating a significant passive stake, generally signals a positive vote of confidence in the issuer's value proposition. While it doesn't provide operational details, the act of taking a large position is inherently positive from an investor's perspective.

Positives

• A significant institutional investor, Pacer Funds, has taken a substantial passive stake (9.96%) in DXC Technology Co., indicating confidence in the company's long-term prospects.
• The investment is stated to be in the ordinary course of business, suggesting a strategic, non-activist position.

Future Outlook

The document does not provide forward-looking statements or guidance from DXC Technology Co. management, as it is a beneficial ownership filing by an investor.

Industry Context

This filing indicates a significant passive investment by Pacer Funds in DXC Technology Co., a company operating in the IT services and consulting industry. Such investments reflect institutional confidence in the sector or specific company's valuation and strategic direction, aligning with broader trends of institutional capital allocation.

Stakeholder Impact

• Shareholders may view this as a positive signal, as a large institutional investor has taken a significant stake, potentially increasing investor confidence and liquidity.

Key Dates

Recommendation

Keywords

DXC Technology Co, Pacer Funds, Pacer Advisors, Joe M. Thomson, Schedule 13G, Beneficial Ownership, Common Stock, Institutional Investment, Passive Stake, Investment Fund