DXC Technology (NYSE:DXC) Upgraded at Wall Street Zen

DXC Technology (NYSE:DXC) was upgraded by Wall Street Zen from a “hold” rating to a “buy” rating in a report issued on Saturday.

A number of other equities research analysts also recently issued reports on DXC. BMO Capital Markets boosted their target price on shares of 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 downgraded shares of DXC Technology from a “strong-buy” rating to a “hold” rating in a research note on Tuesday. Finally, Wolfe Research set a $13.00 price target on shares of DXC Technology and gave the company an “underperform” rating in a report on Friday, January 30th. Seven equities research analysts have rated the stock with a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat.com, DXC Technology has an average rating of “Reduce” and a consensus target price of $14.71.

DXC Technology Stock Performance

Shares of DXC opened at $12.93 on Friday. The company has a debt-to-equity ratio of 0.91, a quick ratio of 1.35 and a current ratio of 1.35. The company has a market capitalization of $2.19 billion, a price-to-earnings ratio of 5.55 and a beta of 1.10. The company’s 50 day simple moving average is $14.03 and its 200 day simple moving average is $13.91. 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 firm had revenue of $3.19 billion for the quarter, compared to analyst estimates of $3.18 billion. During the same quarter last year, the business earned $0.92 earnings per share. DXC Technology’s revenue was down 1.0% compared to the same quarter last year. On average, sell-side analysts predict that DXC Technology will post 3.35 EPS for the current year.

Insiders Place Their Bets

In related news, CEO Raul J. Fernandez purchased 16,446 shares of the firm’s stock in a transaction on Monday, February 2nd. The stock was purchased at an average price of $15.24 per share, for a total transaction of $250,637.04. Following the acquisition, the chief executive officer directly owned 816,001 shares in the company, valued at $12,435,855.24. The trade was a 2.06% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Christopher Anthony Voci sold 2,500 shares of the stock in a transaction that occurred 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 $1,342,365.75. This trade represents a 2.74% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 0.61% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the company. Villanova Investment Management Co LLC grew its stake in shares of DXC Technology by 6.2% during the fourth quarter. Villanova Investment Management Co LLC now owns 176,028 shares of the company’s stock valued at $2,579,000 after acquiring an additional 10,316 shares in the last quarter. DGS Capital Management LLC acquired a new position in shares of DXC Technology in the fourth quarter worth about $224,000. Caitlin John LLC boosted its holdings in DXC Technology by 358.0% in the fourth quarter. Caitlin John LLC now owns 3,224 shares of the company’s stock valued at $49,000 after purchasing an additional 2,520 shares during the last quarter. Vident Advisory LLC boosted its holdings in DXC Technology by 5.4% in the fourth quarter. Vident Advisory LLC now owns 91,284 shares of the company’s stock valued at $1,337,000 after purchasing an additional 4,697 shares during the last quarter. Finally, State of Tennessee Department of Treasury grew its stake in DXC Technology by 51.8% during the 4th quarter. State of Tennessee Department of Treasury now owns 143,140 shares of the company’s stock valued at $2,066,000 after purchasing an additional 48,852 shares in the last quarter. 96.20% of the stock is owned by institutional investors and hedge funds.

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.