DXC Technology Company. (NYSE:DXC) Given Average Rating of “Reduce” by Brokerages

DXC Technology Company. (NYSE:DXC) has been given a consensus recommendation of “Reduce” by the eight ratings firms that are covering the firm, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell rating and six have assigned a hold rating to the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $15.00.

A number of analysts recently weighed in on the stock. Weiss Ratings reissued a “sell (d)” rating on shares of DXC Technology in a research note on Wednesday, October 8th. Susquehanna set a $14.00 price objective on DXC Technology and gave the company a “neutral” rating in a research note on Friday, October 31st. Stifel Nicolaus cut their target price on DXC Technology from $15.00 to $14.00 and set a “hold” rating for the company in a research report on Friday, October 31st. Finally, Wall Street Zen raised DXC Technology from a “hold” rating to a “buy” rating in a research note on Sunday, November 9th.

Insider Buying and Selling at DXC Technology

In other news, SVP Christopher Anthony Voci sold 2,500 shares of the company’s stock in a transaction dated Thursday, December 11th. The shares were sold at an average price of $15.15, for a total value of $37,875.00. Following the sale, the senior vice president owned 88,605 shares of the company’s stock, valued at approximately $1,342,365.75. This represents a 2.74% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.61% of the company’s stock.

Hedge Funds Weigh In On DXC Technology

Institutional investors have recently added to or reduced their stakes in the company. Trexquant Investment LP bought a new position in DXC Technology in the first quarter valued at about $2,682,000. Vident Advisory LLC raised its stake in DXC Technology by 7.0% during the 1st quarter. Vident Advisory LLC now owns 27,050 shares of the company’s stock worth $461,000 after buying an additional 1,771 shares during the period. Graham Capital Management L.P. grew its stake in DXC Technology by 75.5% in the first quarter. Graham Capital Management L.P. now owns 130,143 shares of the company’s stock valued at $2,219,000 after acquiring an additional 56,006 shares during the period. Royal Bank of Canada lifted its holdings in shares of DXC Technology by 156.3% during the 1st quarter. Royal Bank of Canada now owns 99,930 shares of the company’s stock valued at $1,703,000 after purchasing an additional 60,935 shares in the last quarter. Finally, Cubist Systematic Strategies LLC bought a new stake in DXC Technology during the 1st quarter worth approximately $2,991,000. 96.20% of the stock is owned by institutional investors.

DXC Technology Stock Performance

Shares of NYSE DXC opened at $14.96 on Tuesday. The business has a fifty day simple moving average of $13.85 and a 200 day simple moving average of $14.08. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 0.71. The firm has a market capitalization of $2.60 billion, a price-to-earnings ratio of 7.37 and a beta of 1.09. DXC Technology has a one year low of $11.82 and a one year high of $23.75.

DXC Technology (NYSE:DXC) last posted its quarterly earnings results on Friday, October 31st. The company reported $0.84 earnings per share for the quarter, topping analysts’ consensus estimates of $0.71 by $0.13. The firm had revenue of $3.16 billion for the quarter, compared to the consensus estimate of $3.17 billion. DXC Technology had a net margin of 2.93% and a return on equity of 17.83%. The business’s revenue was down 2.5% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.93 earnings per share. Sell-side analysts expect that DXC Technology will post 3.35 EPS for the current year.

About DXC Technology

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.