DXC Technology (NYSE:DXC) Shares Gap Up – Time to Buy?

DXC Technology Company. (NYSE:DXC)’s share price gapped up before the market opened on Thursday. The stock had previously closed at $10.83, but opened at $11.32. DXC Technology shares last traded at $11.6910, with a volume of 357,468 shares.

Analysts Set New Price Targets

DXC has been the topic of several recent research reports. Weiss Ratings restated a “sell (d)” rating on shares of DXC Technology in a research report on Friday, August 7th. Stifel Nicolaus dropped their price objective on DXC Technology from $12.00 to $10.50 and set a “hold” rating for the company in a research report on Friday, July 31st. Morgan Stanley set a $12.00 target price on shares of DXC Technology in a research note on Monday, August 3rd. TD Cowen upped their target price on shares of DXC Technology from $10.00 to $12.00 and gave the company a “hold” rating in a report on Monday, August 3rd. Finally, Zacks Research raised shares of DXC Technology from a “strong sell” rating to a “hold” rating in a research note on Monday, July 13th. Seven research analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Reduce” and a consensus target price of $12.21.

DXC Technology Price Performance

The company has a market capitalization of $1.83 billion, a price-to-earnings ratio of 16.32 and a beta of 0.80. The company has a fifty day simple moving average of $10.98 and a two-hundred day simple moving average of $10.61. The company has a debt-to-equity ratio of 0.90, a quick ratio of 1.41 and a current ratio of 1.41.

DXC Technology (NYSE:DXC) last posted its quarterly earnings data on Thursday, July 30th. The company reported $0.40 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.41 by ($0.01). The business had revenue of $3 billion for the quarter, compared to analyst estimates of $2.99 billion. DXC Technology had a return on equity of 15.60% and a net margin of 0.99%.DXC Technology’s revenue for the quarter was down 5.0% compared to the same quarter last year. During the same quarter last year, the business earned $0.68 EPS. DXC Technology has set its Q2 2027 guidance at 0.550-0.550 EPS. As a group, research analysts anticipate that DXC Technology Company. will post 2.61 earnings per share for the current year.

Institutional Investors Weigh In On DXC Technology

Several hedge funds have recently modified their holdings of DXC. BlackRock Inc. increased its position in DXC Technology by 21.5% during the second quarter. BlackRock Inc. now owns 28,276,735 shares of the company’s stock worth $250,249,000 after purchasing an additional 4,994,936 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of DXC Technology by 2.6% in the 1st quarter. Dimensional Fund Advisors LP now owns 10,029,966 shares of the company’s stock valued at $126,068,000 after purchasing an additional 258,819 shares during the last quarter. State Street Corp grew its stake in shares of DXC Technology by 25.0% during the 2nd quarter. State Street Corp now owns 7,683,280 shares of the company’s stock valued at $67,997,000 after buying an additional 1,536,243 shares during the period. Nykredit A S purchased a new stake in shares of DXC Technology during the 2nd quarter valued at $51,580,000. Finally, Allianz Asset Management GmbH increased its holdings in shares of DXC Technology by 58.3% during the 2nd quarter. Allianz Asset Management GmbH now owns 1,564,754 shares of the company’s stock worth $13,848,000 after buying an additional 576,353 shares during the last quarter. 96.20% of the stock is owned by institutional investors and hedge funds.

About DXC Technology

DXC Technology (NYSE: DXC) is a global information technology services company that helps businesses and government organizations modernize, manage and secure their technology environments. Its services include IT consulting, systems integration, application development and modernization, cloud computing, cybersecurity, data and analytics, and managed infrastructure.

The company also provides workplace and end-user computing services, enterprise application services, and technology support for complex operating environments.