DXC Technology EVP Howard Boville Departs; Company Updates on Separation Payment

DXC Technology EVP Howard Boville has departed the company, receiving a separation payment and benefits as outlined in the company's 2025 proxy statement. Boville's departure comes as the company faces ongoing revenue declines and technical challenges. The most recent analyst rating on DXC stock is a Sell with a $22.00 price target.

DXC Technology (NYSE: DXC) has been grappling with significant challenges following the departure of Executive Vice President (EVP) Howard Boville. According to the company's 2025 proxy statement, Boville received a separation payment and benefits [1]. This move comes amidst ongoing revenue declines and technical challenges, as reported by various financial analysts.

The recent Form 13F filing by KBC Group NV revealed that the firm significantly reduced its holdings in DXC Technology shares by 93.1% during the first quarter [1]. This substantial reduction suggests a growing concern among institutional investors about the company's financial health.

Additionally, several other hedge funds have adjusted their holdings in DXC Technology. Vanguard Group Inc., for instance, increased its holdings by 1.2% in the fourth quarter [1]. However, this increase is relatively modest compared to the overall trend of reduced holdings, indicating a cautious approach from major investors.

DXC Technology's stock performance has been volatile, with the stock trading up $0.46 during midday trading on July 2nd, 2025, reaching $16.05 [1]. The company's market capitalization stands at $2.91 billion, with a price-to-earnings (PE) ratio of 7.61 [1]. Despite these figures, the company's recent earnings report showed a decline in revenue compared to the same quarter last year, highlighting the ongoing challenges it faces.

Analysts have responded to these developments with a mix of ratings. BMO Capital Markets, Susquehanna, Morgan Stanley, JPMorgan Chase & Co., and Royal Bank Of Canada have all lowered their price targets for DXC Technology, ranging from $17.00 to $18.00 [1]. One analyst has rated the stock with a sell rating, while five have given a hold rating and one has assigned a buy rating, with an average rating of "Hold" and a consensus target price of $17.00 [1].

The departure of EVP Howard Boville and the ongoing revenue declines underscore the need for DXC Technology to address its current challenges. As the company navigates these issues, investors will be closely watching its future performance and strategic moves.

References:
[1] https://www.marketbeat.com/instant-alerts/filing-kbc-group-nv-sells-132652-shares-of-dxc-technology-company-nysedxc-2025-07-07/