DXC Technology Company. (NYSE:DXC) Given Average Rating of “Reduce” by Analysts

Shares of DXC Technology Company. (NYSE:DXC) have been assigned an average rating of “Reduce” from the ten research firms that are currently covering the firm, Marketbeat reports. Three investment analysts have rated the stock with a sell recommendation and seven have assigned a hold recommendation to the company. The average 12 month price target among brokerages that have covered the stock in the last year is $12.25.

Several brokerages have commented on DXC. Stifel Nicolaus set a $12.00 price target on shares of DXC Technology in a report on Friday, May 8th. Weiss Ratings cut shares of DXC Technology from a “sell (d+)” rating to a “sell (d)” rating in a report on Monday, May 11th. Royal Bank Of Canada reiterated a “sector perform” rating and issued a $16.00 price objective on shares of DXC Technology in a research report on Friday, June 12th. TD Cowen dropped their price objective on DXC Technology from $11.00 to $10.00 and set a “hold” rating for the company in a research note on Thursday, July 9th. Finally, Zacks Research upgraded DXC Technology from a “strong sell” rating to a “hold” rating in a research report on Monday, July 13th.

Insider Activity

In other DXC Technology news, CEO Raul J. Fernandez purchased 28,051 shares of the company’s stock in a transaction dated Monday, May 11th. The stock was purchased at an average price of $8.90 per share, for a total transaction of $249,653.90. Following the transaction, the chief executive officer owned 844,052 shares in the company, valued at $7,512,062.80. The trade was a 3.44% increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 1.13% of the company’s stock.

Institutional Investors Weigh In On DXC Technology

Several hedge funds have recently bought and sold shares of the stock. EverSource Wealth Advisors LLC increased its holdings in shares of DXC Technology by 240.6% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,737 shares of the company’s stock worth $27,000 after buying an additional 1,227 shares during the last quarter. Danske Bank A S increased its stake in DXC Technology by 280.0% in the fourth quarter. Danske Bank A S now owns 1,900 shares of the company’s stock valued at $28,000 after acquiring an additional 1,400 shares during the last quarter. Fifth Third Bancorp increased its stake in DXC Technology by 116.0% in the fourth quarter. Fifth Third Bancorp now owns 2,102 shares of the company’s stock valued at $31,000 after acquiring an additional 1,129 shares during the last quarter. Hantz Financial Services Inc. raised its position in DXC Technology by 110.5% during the fourth quarter. Hantz Financial Services Inc. now owns 2,185 shares of the company’s stock valued at $32,000 after purchasing an additional 1,147 shares in the last quarter. Finally, CIBC Private Wealth Group LLC lifted its stake in DXC Technology by 13,258.8% during the fourth quarter. CIBC Private Wealth Group LLC now owns 2,271 shares of the company’s stock worth $33,000 after purchasing an additional 2,254 shares during the last quarter. 96.20% of the stock is currently owned by institutional investors.

DXC Technology Trading Up 8.9%

Shares of DXC Technology stock opened at $10.10 on Friday. The company’s 50-day moving average price is $9.24 and its 200-day moving average price is $11.57. The company has a current ratio of 1.36, a quick ratio of 1.36 and a debt-to-equity ratio of 0.94. DXC Technology has a 12-month low of $7.90 and a 12-month high of $15.68. The company has a market cap of $1.65 billion, a price-to-earnings ratio of 168.28 and a beta of 0.82.

DXC Technology (NYSE:DXC) last issued its quarterly earnings data on Friday, May 8th. The company reported $0.77 EPS for the quarter, beating the consensus estimate of $0.70 by $0.07. The company had revenue of $3.13 billion during the quarter, compared to analysts’ expectations of $3.17 billion. DXC Technology had a net margin of 0.14% and a return on equity of 17.24%. DXC Technology’s revenue for the quarter was down 1.2% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.84 earnings per share. On average, equities analysts expect that DXC Technology will post 2.61 earnings per share for the current fiscal year.

DXC Technology Company Profile

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.