DXC Technology Co (NYSE:DXC) was the target of a significant growth in short interest during the month of December. As of December 31st, there was short interest totalling 19,250,000 shares, a growth of 7.1% from the December 15th total of 17,970,000 shares. Based on an average daily trading volume, of 4,070,000 shares, the short-interest ratio is presently 4.7 days. Approximately 7.6% of the shares of the company are short sold.
DXC Technology stock traded up $0.56 during mid-day trading on Thursday, hitting $35.40. 13,676 shares of the company traded hands, compared to its average volume of 2,699,102. DXC Technology has a one year low of $26.02 and a one year high of $69.45. The stock has a market cap of $8.87 billion, a price-to-earnings ratio of 4.26, a price-to-earnings-growth ratio of 1.64 and a beta of 2.02. The company has a debt-to-equity ratio of 1.00, a quick ratio of 0.95 and a current ratio of 0.95. The stock has a fifty day moving average price of $36.69 and a 200-day moving average price of $37.77.
DXC Technology (NYSE:DXC) last announced its earnings results on Monday, November 11th. The company reported $1.38 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.44 by ($0.06). DXC Technology had a negative net margin of 6.04% and a positive return on equity of 18.89%. The company had revenue of $4.85 billion for the quarter, compared to the consensus estimate of $4.92 billion. During the same quarter in the previous year, the firm earned $2.02 earnings per share. The company’s revenue for the quarter was down 3.2% compared to the same quarter last year. Sell-side analysts predict that DXC Technology will post 5.47 EPS for the current year.
A number of analysts recently issued reports on the stock. ValuEngine upgraded shares of DXC Technology from a “sell” rating to a “hold” rating in a report on Friday, January 3rd. TheStreet lowered shares of DXC Technology from a “c-” rating to a “d+” rating in a research report on Monday, November 11th. Moffett Nathanson cut their price objective on shares of DXC Technology from $43.00 to $36.00 and set a “neutral” rating for the company in a research report on Tuesday, October 8th. Citigroup raised their price objective on shares of DXC Technology from $40.00 to $41.00 and gave the company a “buy” rating in a research report on Wednesday. Finally, Cantor Fitzgerald cut their price objective on shares of DXC Technology from $42.00 to $28.00 and set a “neutral” rating for the company in a research report on Tuesday, November 12th. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating and seven have given a buy rating to the company. DXC Technology currently has a consensus rating of “Hold” and an average price target of $49.79.
A number of institutional investors have recently made changes to their positions in DXC. Vanguard Group Inc. boosted its holdings in shares of DXC Technology by 23.2% during the 2nd quarter. Vanguard Group Inc. now owns 25,403,686 shares of the company’s stock valued at $1,401,012,000 after buying an additional 4,785,824 shares in the last quarter. Maverick Capital Ltd. lifted its stake in shares of DXC Technology by 51.0% during the third quarter. Maverick Capital Ltd. now owns 10,957,976 shares of the company’s stock worth $323,260,000 after purchasing an additional 3,703,155 shares in the last quarter. Invesco Ltd. lifted its stake in shares of DXC Technology by 133.7% during the second quarter. Invesco Ltd. now owns 4,199,338 shares of the company’s stock worth $231,593,000 after purchasing an additional 2,402,773 shares in the last quarter. Putnam Investments LLC lifted its stake in shares of DXC Technology by 1.4% in the second quarter. Putnam Investments LLC now owns 4,041,939 shares of the company’s stock worth $222,913,000 after acquiring an additional 56,096 shares in the last quarter. Finally, Victory Capital Management Inc. lifted its stake in shares of DXC Technology by 21.7% in the second quarter. Victory Capital Management Inc. now owns 3,155,239 shares of the company’s stock worth $174,011,000 after acquiring an additional 562,685 shares in the last quarter. Institutional investors and hedge funds own 87.35% of the company’s stock.
About DXC Technology
DXC Technology Company, together with its subsidiaries, provides information technology services and solutions primarily in North America, Europe, Asia, and Australia. It operates through three segments: Global Business Services (GBS), Global Infrastructure Services (GIS), and United States Public Sector (USPS).
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