DXC Technology (NYSE:DXC) Rating Lowered to Hold at Wall Street Zen

DXC Technology (NYSE:DXC) was downgraded by equities research analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Saturday.

Several other research firms have also weighed in on DXC. Susquehanna set a $14.00 target price on shares of DXC Technology and gave the stock a “neutral” rating in a report on Friday. JPMorgan Chase & Co. lowered their target price on shares of DXC Technology from $18.00 to $14.00 and set an “underweight” rating on the stock in a report on Wednesday, August 20th. Morgan Stanley lowered their target price on shares of DXC Technology from $16.00 to $15.00 and set an “equal weight” rating on the stock in a report on Friday, August 1st. Weiss Ratings reaffirmed a “sell (d)” rating on shares of DXC Technology in a report on Wednesday, October 8th. Finally, Royal Bank Of Canada lowered their target price on shares of DXC Technology from $18.00 to $16.00 and set a “sector perform” rating on the stock in a report on Friday, August 1st. Six investment analysts have rated the stock with a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Reduce” and an average price target of $15.00.

DXC Technology Trading Up 9.9%

Shares of DXC stock opened at $14.22 on Friday. DXC Technology has a 52-week low of $12.24 and a 52-week high of $24.83. The stock has a market cap of $2.55 billion, a price-to-earnings ratio of 6.90 and a beta of 1.12. The company has a debt-to-equity ratio of 0.90, a quick ratio of 1.22 and a current ratio of 1.22. The firm has a fifty day moving average of $13.78 and a 200-day moving average of $14.51.

DXC Technology (NYSE:DXC) last posted its earnings results on Thursday, October 30th. The company reported $0.84 earnings per share for the quarter, topping the consensus estimate of $0.71 by $0.13. DXC Technology had a net margin of 2.96% and a return on equity of 18.59%. The business had revenue of $3.16 billion for the quarter, compared to analyst estimates of $3.17 billion. During the same quarter in the prior year, the firm earned $0.93 EPS. The firm’s quarterly revenue was down 2.5% compared to the same quarter last year. DXC Technology has set its FY 2026 guidance at 2.850-3.35 EPS. Q3 2026 guidance at 0.750-0.85 EPS. On average, equities research analysts forecast that DXC Technology will post 3.35 earnings per share for the current fiscal year.

Insider Activity

In other news, SVP Christopher Anthony Voci sold 2,500 shares of the firm’s stock in a transaction dated Thursday, September 11th. The shares were sold at an average price of $14.52, for a total value of $36,300.00. Following the transaction, the senior vice president owned 91,105 shares of the company’s stock, valued at approximately $1,322,844.60. This trade represents a 2.67% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 0.61% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Principal Financial Group Inc. boosted its stake in shares of DXC Technology by 2.4% in the 1st quarter. Principal Financial Group Inc. now owns 898,356 shares of the company’s stock valued at $15,317,000 after purchasing an additional 20,957 shares during the last quarter. Nuveen LLC bought a new position in shares of DXC Technology in the 1st quarter valued at about $10,830,000. Jump Financial LLC bought a new position in shares of DXC Technology in the 1st quarter valued at about $1,898,000. XTX Topco Ltd bought a new position in shares of DXC Technology in the 1st quarter valued at about $1,570,000. Finally, Allspring Global Investments Holdings LLC raised its position in shares of DXC Technology by 323.4% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 63,772 shares of the company’s stock valued at $1,106,000 after acquiring an additional 48,711 shares during the period. 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).