Short Interest in DXC Technology Company. (NYSE:DXC) Grows By 25.8%

DXC Technology Company. (NYSE:DXC) saw a significant growth in short interest in February. As of February 13th, there was short interest totaling 15,747,061 shares, a growth of 25.8% from the January 29th total of 12,515,568 shares. Approximately 9.3% of the company’s stock are short sold. Based on an average trading volume of 3,466,718 shares, the short-interest ratio is presently 4.5 days. Based on an average trading volume of 3,466,718 shares, the short-interest ratio is presently 4.5 days. Approximately 9.3% of the company’s stock are short sold.

Insider Buying and Selling at DXC Technology

In other DXC Technology news, CEO Raul J. Fernandez purchased 16,446 shares of the company’s stock in a transaction dated Monday, February 2nd. The shares were bought at an average price of $15.24 per share, for a total transaction of $250,637.04. Following the purchase, the chief executive officer directly owned 816,001 shares in the company, valued at $12,435,855.24. This trade represents a 2.06% increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP Christopher Anthony Voci sold 2,500 shares of DXC Technology stock in a transaction on Thursday, December 11th. The shares were sold at an average price of $15.15, for a total transaction of $37,875.00. Following the completion of the sale, the senior vice president directly owned 88,605 shares of the company’s stock, valued at approximately $1,342,365.75. The trade was a 2.74% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 0.61% of the company’s stock.

Institutional Investors Weigh In On DXC Technology

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

DXC Technology Stock Up 1.3%

DXC opened at $12.49 on Thursday. The business has a 50 day moving average of $14.12 and a 200-day moving average of $13.92. The stock has a market capitalization of $2.12 billion, a price-to-earnings ratio of 5.36 and a beta of 1.10. The company has a current ratio of 1.35, a quick ratio of 1.35 and a debt-to-equity ratio of 0.91. DXC Technology has a 1-year low of $11.61 and a 1-year high of $18.90.

DXC Technology (NYSE:DXC) last announced its earnings results on Thursday, January 29th. The company reported $0.96 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.83 by $0.13. DXC Technology had a net margin of 3.34% and a return on equity of 17.56%. The business had revenue of $3.19 billion for the quarter, compared to analyst estimates of $3.18 billion. During the same quarter in the previous year, the firm posted $0.92 earnings per share. DXC Technology’s revenue was down 1.0% compared to the same quarter last year. As a group, sell-side analysts anticipate that DXC Technology will post 3.35 earnings per share for the current year.

Wall Street Analysts Forecast Growth

DXC has been the topic of a number of analyst reports. 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 report on Tuesday, February 3rd. Zacks Research upgraded DXC Technology from a “hold” rating to a “strong-buy” rating in a report on Monday, February 2nd. Wolfe Research set a $13.00 price objective on shares of DXC Technology and gave the stock an “underperform” rating in a research note on Friday, January 30th. Finally, Wall Street Zen downgraded shares of DXC Technology from a “buy” rating to a “hold” rating in a report on Saturday, January 31st. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Reduce” and a consensus price target of $14.71.

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.