DXC Technology (NYSE:DXC) Shares Gap Down to $28.96

Shares of DXC Technology (NYSE:DXCGet Rating) gapped down prior to trading on Thursday . The stock had previously closed at $28.96, but opened at $28.00. DXC Technology shares last traded at $28.34, with a volume of 1,104 shares changing hands.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the stock. Moffett Nathanson cut shares of DXC Technology from a “market perform” rating to an “underperform” rating and dropped their target price for the company from $32.00 to $28.00 in a report on Thursday. JPMorgan Chase & Co. raised shares of DXC Technology from an “underweight” rating to a “neutral” rating and increased their price target for the company from $31.00 to $33.00 in a report on Thursday, December 15th. Royal Bank of Canada increased their price target on shares of DXC Technology from $34.00 to $38.00 and gave the company an “outperform” rating in a report on Monday, November 7th. Finally, BMO Capital Markets lowered their price target on shares of DXC Technology from $36.00 to $33.00 and set an “outperform” rating on the stock in a report on Friday, November 4th. Two research analysts have rated the stock with a sell rating, four have given a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $34.50.

DXC Technology Trading Up 0.8 %

The firm has a market capitalization of $6.53 billion, a PE ratio of 9.25, a PEG ratio of 0.68 and a beta of 1.92. The firm’s fifty day moving average is $27.89 and its two-hundred day moving average is $27.71. The company has a debt-to-equity ratio of 0.75, a current ratio of 1.14 and a quick ratio of 1.14.

DXC Technology (NYSE:DXCGet Rating) last released its quarterly earnings results on Thursday, November 3rd. The company reported $0.75 earnings per share for the quarter, topping the consensus estimate of $0.72 by $0.03. DXC Technology had a net margin of 4.93% and a return on equity of 15.59%. The business had revenue of $3.57 billion for the quarter, compared to analysts’ expectations of $3.56 billion. On average, equities analysts predict that DXC Technology will post 3.49 EPS for the current fiscal year.

Insider Buying and Selling

In other DXC Technology news, Director Raul J. Fernandez sold 5,000 shares of the business’s stock in a transaction dated Wednesday, November 23rd. The shares were sold at an average price of $29.75, for a total value of $148,750.00. Following the transaction, the director now directly owns 47,092 shares in the company, valued at $1,400,987. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other news, Director Raul J. Fernandez sold 10,000 shares of the business’s stock in a transaction that occurred on Friday, November 11th. The shares were sold at an average price of $29.39, for a total value of $293,900.00. Following the sale, the director now owns 52,092 shares of the company’s stock, valued at $1,530,983.88. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Raul J. Fernandez sold 5,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 23rd. The shares were sold at an average price of $29.75, for a total transaction of $148,750.00. Following the completion of the sale, the director now directly owns 47,092 shares in the company, valued at approximately $1,400,987. The disclosure for this sale can be found here. 0.47% of the stock is owned by corporate insiders.

Institutional Trading of DXC Technology

Several hedge funds and other institutional investors have recently modified their holdings of the business. Crossmark Global Holdings Inc. raised its position in shares of DXC Technology by 8.0% in the fourth quarter. Crossmark Global Holdings Inc. now owns 16,721 shares of the company’s stock valued at $444,000 after purchasing an additional 1,233 shares during the period. Pendal Group Ltd bought a new stake in shares of DXC Technology in the fourth quarter valued at approximately $295,000. Counterpoint Mutual Funds LLC bought a new stake in shares of DXC Technology in the fourth quarter valued at approximately $121,000. SummerHaven Investment Management LLC increased its holdings in DXC Technology by 1.5% during the 4th quarter. SummerHaven Investment Management LLC now owns 27,088 shares of the company’s stock worth $718,000 after acquiring an additional 395 shares during the period. Finally, Ronald Blue Trust Inc. increased its holdings in DXC Technology by 352.0% during the 4th quarter. Ronald Blue Trust Inc. now owns 1,234 shares of the company’s stock worth $30,000 after acquiring an additional 961 shares during the period. Institutional investors own 89.19% of the company’s stock.

DXC Technology Company Profile

(Get Rating)

DXC Technology Co provides technology consulting, outsourcing and support services. It operates through the following segments: Global Business Services (GBS) and Global Infrastructure Services (GIS). The GBS segment provides technology solutions that help clients address challenges and accelerate the digital transformations that are tailored to each client’s specific objectives.

Further Reading

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