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

DXC Technology Company. (NYSE:DXC) has earned an average rating of “Reduce” from the ten research firms that are presently covering the company, MarketBeat.com reports. Three research analysts have rated the stock with a sell rating, six have issued a hold rating and one has assigned a strong buy rating to the company. The average 12 month price target among brokers that have covered the stock in the last year is $14.7143.

Several equities research analysts have weighed in on the stock. Wall Street Zen cut shares of DXC Technology from a “buy” rating to a “hold” rating in a research report on Saturday, January 31st. Wolfe Research set a $13.00 price target on shares of DXC Technology and gave the company an “underperform” rating in a research note on Friday, January 30th. Stifel Nicolaus dropped their price objective on shares of DXC Technology from $15.00 to $14.00 and set a “hold” rating for the company in a research report on Friday, October 31st. Zacks Research raised DXC Technology from a “hold” rating to a “strong-buy” rating in a report on Monday, February 2nd. Finally, BMO Capital Markets increased their price objective on DXC Technology from $15.00 to $17.00 and gave the company a “market perform” rating in a research report on Tuesday, February 3rd.

DXC Technology Stock Performance

DXC stock opened at $13.39 on Wednesday. The company has a debt-to-equity ratio of 0.91, a current ratio of 1.35 and a quick ratio of 1.35. The stock has a market capitalization of $2.27 billion, a price-to-earnings ratio of 5.75 and a beta of 1.07. The business has a fifty day moving average price of $14.70 and a 200 day moving average price of $13.99. DXC Technology has a fifty-two week low of $11.82 and a fifty-two week high of $21.35.

DXC Technology (NYSE:DXC) last announced its earnings results on Thursday, January 29th. The company reported $0.96 EPS for the quarter, topping the consensus estimate of $0.83 by $0.13. DXC Technology had a return on equity of 17.56% and a net margin of 3.34%.The company had revenue of $3.19 billion for the quarter, compared to analysts’ expectations of $3.18 billion. During the same quarter in the prior year, the business earned $0.92 earnings per share. The business’s revenue for the quarter was down 1.0% on a year-over-year basis. Analysts expect that DXC Technology will post 3.35 EPS for the current fiscal year.

Insider Activity

In other news, CEO Raul J. Fernandez purchased 16,446 shares of the firm’s stock in a transaction that occurred on Monday, February 2nd. The shares were acquired at an average price of $15.24 per share, for a total transaction of $250,637.04. Following the completion of the acquisition, the chief executive officer directly owned 816,001 shares in the company, valued at approximately $12,435,855.24. The trade was a 2.06% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Christopher Anthony Voci sold 2,500 shares of the business’s stock in a transaction dated Thursday, December 11th. The stock was sold at an average price of $15.15, for a total value of $37,875.00. Following the sale, the senior vice president directly owned 88,605 shares of the company’s stock, valued at $1,342,365.75. This represents a 2.74% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 0.61% of the stock is owned by company insiders.

Institutional Investors Weigh In On DXC Technology

Institutional investors and hedge funds have recently modified their holdings of the business. EverSource Wealth Advisors LLC raised its position in shares of DXC Technology by 240.6% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,737 shares of the company’s stock valued at $27,000 after acquiring an additional 1,227 shares during the last quarter. Danske Bank A S boosted its position in shares of DXC Technology by 280.0% in the 4th quarter. Danske Bank A S now owns 1,900 shares of the company’s stock worth $28,000 after purchasing an additional 1,400 shares during the last quarter. Fifth Third Bancorp grew its stake in shares of DXC Technology by 116.0% during the fourth quarter. Fifth Third Bancorp now owns 2,102 shares of the company’s stock worth $31,000 after purchasing an additional 1,129 shares during the period. Hantz Financial Services Inc. increased its holdings in DXC Technology by 110.5% in the fourth quarter. Hantz Financial Services Inc. now owns 2,185 shares of the company’s stock valued at $32,000 after purchasing an additional 1,147 shares during the last quarter. Finally, CIBC Private Wealth Group LLC increased its holdings in DXC Technology by 13,258.8% in the fourth quarter. CIBC Private Wealth Group LLC now owns 2,271 shares of the company’s stock valued at $33,000 after purchasing an additional 2,254 shares during the last quarter. 96.20% of the stock is owned by institutional investors.

DXC Technology Company Profile

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.