DXC Technology (NYSE:DXC) CEO Raul Fernandez Acquires 28,051 Shares

DXC Technology Company. (NYSE:DXC) CEO Raul Fernandez bought 28,051 shares of the business’s stock in a transaction on Monday, May 11th. The stock was purchased at an average cost of $8.90 per share, with a total value of $249,653.90. Following the purchase, the chief executive officer owned 844,052 shares of the company’s stock, valued at $7,512,062.80. This represents a 3.44% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

DXC Technology Price Performance

DXC traded down $0.53 during midday trading on Monday, hitting $8.90. The stock had a trading volume of 8,885,994 shares, compared to its average volume of 4,282,323. The company has a market cap of $1.51 billion, a P/E ratio of 148.28 and a beta of 0.85. The business has a fifty day moving average of $12.11 and a 200 day moving average of $13.35. The company has a debt-to-equity ratio of 0.94, a quick ratio of 1.35 and a current ratio of 1.36. DXC Technology Company. has a 1 year low of $8.40 and a 1 year high of $17.26.

DXC Technology (NYSE:DXC) last issued its earnings results on Thursday, May 7th. The company reported $0.77 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.70 by $0.07. The business had revenue of $3.13 billion during the quarter, compared to analyst estimates of $3.17 billion. DXC Technology had a return on equity of 17.24% and a net margin of 0.14%.DXC Technology’s revenue for the quarter was down 1.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.84 earnings per share. DXC Technology has set its Q1 2027 guidance at 0.400-0.400 EPS and its FY 2027 guidance at 2.400-2.900 EPS. As a group, equities analysts forecast that DXC Technology Company. will post 2.65 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the company. Zacks Research lowered DXC Technology from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, March 3rd. Stifel Nicolaus set a $12.00 price objective on DXC Technology in a research report on Friday. Weiss Ratings reiterated a “sell (d+)” rating on shares of DXC Technology in a research report on Wednesday, April 8th. Wall Street Zen downgraded DXC Technology from a “buy” rating to a “hold” rating in a research report on Saturday, March 28th. Finally, BMO Capital Markets lowered their price objective on DXC Technology from $17.00 to $10.00 and set a “market perform” rating for the company in a research report on Monday. Eight research analysts have rated the stock with a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Reduce” and a consensus target price of $13.50.

Hedge Funds Weigh In On DXC Technology

Hedge funds and other institutional investors have recently made changes to their positions in the business. EverSource Wealth Advisors LLC raised its holdings in shares of DXC Technology by 240.6% during the second quarter. EverSource Wealth Advisors LLC now owns 1,737 shares of the company’s stock valued at $27,000 after acquiring an additional 1,227 shares in the last quarter. Danske Bank A S raised its holdings in shares of DXC Technology by 280.0% during 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 in the last quarter. Fifth Third Bancorp raised its holdings in shares of DXC Technology by 116.0% during 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 in the last quarter. Hantz Financial Services Inc. raised its holdings in shares of 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 acquiring an additional 1,147 shares in the last quarter. Finally, CIBC Private Wealth Group LLC raised its holdings in shares of 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 valued at $33,000 after acquiring an additional 2,254 shares in the last quarter. Institutional investors own 96.20% of the company’s stock.

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.