DXC Technology (NYSE:DXC) Reaches New 12-Month Low – Time to Sell?

Shares of DXC Technology (NYSE:DXC) hit a new 52-week low during trading on Thursday . The stock traded as low as $13.44 and last traded at $15.56, with a volume of 3533900 shares traded. The stock had previously closed at $14.10.

Wall Street Analysts Forecast Growth

Separately, Morgan Stanley boosted their target price on shares of DXC Technology from $20.00 to $22.00 and gave the company an “equal weight” rating in a research note on Friday, January 31st. One investment analyst has rated the stock with a sell rating and six have given a hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $21.29.

DXC Technology Stock Up 1.3 %

The firm has a market capitalization of $2.61 billion, a P/E ratio of -34.36, a PEG ratio of 1.16 and a beta of 1.37. The company has a debt-to-equity ratio of 1.12, a quick ratio of 1.34 and a current ratio of 1.34. The stock has a 50 day moving average of $17.93 and a 200-day moving average of $19.93.

DXC Technology (NYSE:DXC) last posted its quarterly earnings results on Tuesday, February 4th. The company reported $0.92 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.69 by $0.23. DXC Technology had a negative net margin of 0.57% and a positive return on equity of 20.70%. Research analysts predict that DXC Technology will post 3.35 earnings per share for the current fiscal year.

Institutional Investors Weigh In On DXC Technology

Several institutional investors have recently made changes to their positions in DXC. Barclays PLC increased its position in shares of DXC Technology by 273.6% during the third quarter. Barclays PLC now owns 85,831 shares of the company’s stock valued at $1,781,000 after buying an additional 62,857 shares during the period. M&T Bank Corp grew its stake in DXC Technology by 29.3% during the third quarter. M&T Bank Corp now owns 14,602 shares of the company’s stock valued at $303,000 after acquiring an additional 3,309 shares in the last quarter. Sanctuary Advisors LLC bought a new stake in DXC Technology during the 3rd quarter worth approximately $258,000. Franklin Resources Inc. lifted its stake in DXC Technology by 2.4% in the 3rd quarter. Franklin Resources Inc. now owns 63,230 shares of the company’s stock worth $1,272,000 after purchasing an additional 1,502 shares in the last quarter. Finally, JPMorgan Chase & Co. boosted its holdings in DXC Technology by 1.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 823,191 shares of the company’s stock valued at $17,081,000 after purchasing an additional 10,922 shares during the period. Hedge funds and other institutional investors own 96.20% of the company’s stock.

About DXC Technology

DXC Technology Company, together with its subsidiaries, provides information technology services and solutions in the United States, the United Kingdom, rest of Europe, Australia, and internationally. It operates in two segments, Global Business Services (GBS) and Global Infrastructure Services (GIS).