DXC Technology Company. (NYSE:DXC) Receives Consensus Rating of “Hold” from Analysts

DXC Technology Company. (NYSE:DXC) has earned an average recommendation of “Hold” from the nine research firms that are covering the stock, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation, six have given a hold recommendation and one has assigned a strong buy recommendation to the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is $15.00.

DXC has been the subject of a number of research reports. Wolfe Research upgraded DXC Technology from a “strong sell” rating to a “strong-buy” rating in a report on Tuesday, December 30th. Susquehanna set a $14.00 price objective on shares of DXC Technology and gave the stock a “neutral” rating in a research note on Friday, October 31st. Stifel Nicolaus cut their target price on shares of DXC Technology from $15.00 to $14.00 and set a “hold” rating on the stock in a research note on Friday, October 31st. Wall Street Zen upgraded shares of DXC Technology from a “hold” rating to a “buy” rating in a report on Sunday, November 9th. Finally, Weiss Ratings reiterated a “sell (d)” rating on shares of DXC Technology in a report on Wednesday, October 8th.

Insider Activity at DXC Technology

In related news, SVP Christopher Anthony Voci sold 2,500 shares of the firm’s stock in a transaction dated Thursday, December 11th. The stock was sold at an average price of $15.15, for a total transaction of $37,875.00. Following the sale, the senior vice president directly owned 88,605 shares in the company, valued at approximately $1,342,365.75. This trade represents a 2.74% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 0.61% of the company’s stock.

Institutional Trading of DXC Technology

Several large investors have recently bought and sold shares of the company. AQR Capital Management LLC lifted its position in shares of DXC Technology by 97.0% during the second quarter. AQR Capital Management LLC now owns 3,933,973 shares of the company’s stock worth $60,150,000 after purchasing an additional 1,936,726 shares in the last quarter. Millennium Management LLC increased its stake in DXC Technology by 1,765.9% during the 1st quarter. Millennium Management LLC now owns 1,652,331 shares of the company’s stock worth $28,172,000 after buying an additional 1,563,775 shares during the period. UBS Group AG lifted its holdings in DXC Technology by 131.2% in the 3rd quarter. UBS Group AG now owns 2,047,395 shares of the company’s stock worth $27,906,000 after buying an additional 1,161,879 shares in the last quarter. Norges Bank purchased a new position in DXC Technology in the 2nd quarter valued at about $16,589,000. Finally, Qube Research & Technologies Ltd grew its stake in shares of DXC Technology by 1,156.1% during the second quarter. Qube Research & Technologies Ltd now owns 1,132,578 shares of the company’s stock valued at $17,317,000 after acquiring an additional 1,042,409 shares in the last quarter. Institutional investors and hedge funds own 96.20% of the company’s stock.

DXC Technology Stock Down 3.8%

Shares of DXC opened at $14.09 on Tuesday. DXC Technology has a fifty-two week low of $11.82 and a fifty-two week high of $23.75. The company’s fifty day moving average is $13.95 and its two-hundred day moving average is $14.06. The firm has a market cap of $2.45 billion, a PE ratio of 6.94 and a beta of 1.04. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 0.71.

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