Shares of DXC Technology (NYSE:DXC – Get Rating) have earned a consensus recommendation of “Hold” from the eleven brokerages that are covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and four have assigned a buy rating to the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $35.09.
Several equities analysts recently issued reports on DXC shares. Susquehanna lowered DXC Technology from a “positive” rating to a “neutral” rating and lowered their price target for the company from $39.00 to $31.00 in a research note on Friday, September 16th. Royal Bank of Canada boosted their price target on DXC Technology from $34.00 to $38.00 and gave the company an “outperform” rating in a research note on Monday, November 7th. JPMorgan Chase & Co. upgraded DXC Technology from an “underweight” rating to a “neutral” rating and boosted their price target for the company from $31.00 to $33.00 in a research note on Thursday, December 15th. BMO Capital Markets lowered their price target on DXC Technology from $36.00 to $33.00 and set an “outperform” rating on the stock in a research note on Friday, November 4th. Finally, Susquehanna Bancshares lowered DXC Technology to a “neutral” rating and lowered their price objective for the company from $39.00 to $31.00 in a research note on Friday, September 16th.
DXC Technology Price Performance
Shares of NYSE:DXC opened at $26.53 on Monday. DXC Technology has a fifty-two week low of $22.65 and a fifty-two week high of $39.65. The company has a debt-to-equity ratio of 0.75, a current ratio of 1.14 and a quick ratio of 1.14. The stock has a market capitalization of $6.10 billion, a P/E ratio of 8.64, a P/E/G ratio of 0.62 and a beta of 1.93. The business has a 50-day moving average of $28.14 and a two-hundred day moving average of $28.11.
DXC Technology (NYSE:DXC – Get Rating) last posted its quarterly earnings data 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 return on equity of 15.59% and a net margin of 4.93%. The business had revenue of $3.57 billion during the quarter, compared to analysts’ expectations of $3.56 billion. On average, equities research analysts predict that DXC Technology will post 3.49 EPS for the current fiscal year.
Insider Buying and Selling
In related news, Director Raul J. Fernandez sold 5,000 shares of the stock in a transaction that occurred on Wednesday, November 23rd. The stock was sold at an average price of $29.75, for a total transaction of $148,750.00. Following the sale, the director now directly owns 47,092 shares in the company, valued at approximately $1,400,987. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In related news, Director Raul J. Fernandez sold 5,000 shares of the stock in a transaction that occurred on Wednesday, November 23rd. The stock was sold at an average price of $29.75, for a total transaction of $148,750.00. Following the sale, the director now directly owns 47,092 shares in the company, valued at approximately $1,400,987. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Raul J. Fernandez sold 10,000 shares of the stock in a transaction that occurred on Friday, November 11th. The stock was 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 in the company, valued at $1,530,983.88. The disclosure for this sale can be found here. 0.47% of the stock is owned by corporate insiders.
Institutional Inflows and Outflows
Several large investors have recently bought and sold shares of the company. Robeco Institutional Asset Management B.V. lifted its holdings in DXC Technology by 10.5% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 527,167 shares of the company’s stock worth $12,907,000 after buying an additional 50,256 shares in the last quarter. Toroso Investments LLC lifted its stake in shares of DXC Technology by 37.1% in the 3rd quarter. Toroso Investments LLC now owns 12,833 shares of the company’s stock valued at $314,000 after purchasing an additional 3,471 shares during the period. Teachers Retirement System of The State of Kentucky acquired a new position in shares of DXC Technology in the 3rd quarter valued at $549,000. River & Mercantile Asset Management LLP acquired a new position in shares of DXC Technology in the 3rd quarter valued at $1,849,000. Finally, Captrust Financial Advisors lifted its stake in shares of DXC Technology by 9.9% in the 3rd quarter. Captrust Financial Advisors now owns 29,321 shares of the company’s stock valued at $718,000 after purchasing an additional 2,641 shares during the period. Institutional investors and hedge funds own 89.19% of the company’s stock.
DXC Technology Company Profile
DXC Technology Company, together with its subsidiaries, provides information technology services and solutions primarily in North America, Europe, Asia, and Australia. It operates in two segments, Global Business Services (GBS) and Global Infrastructure Services (GIS). The GBS segment offers a portfolio of analytics services and extensive partner ecosystem that help its customers to gain rapid insights, automate operations, and accelerate their digital transformation journeys; and software engineering, consulting, and data analytics solutions that enable businesses to run and manage their mission-critical functions, transform their operations, and develop new ways of doing business.