DXC Technology Company. (NYSE:DXC) Receives Consensus Recommendation of “Reduce” from Analysts

DXC Technology Company. (NYSE:DXC) has earned a consensus rating of “Reduce” from the eleven research firms that are currently covering the firm, MarketBeat.com reports. Three investment analysts have rated the stock with a sell rating and eight have issued a hold rating on the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $14.6250.

A number of research firms have issued reports on DXC. TD Cowen reduced their price target on shares of DXC Technology from $15.00 to $14.00 and set a “hold” rating for the company in a research report on Monday, April 6th. Wall Street Zen lowered shares of DXC Technology from a “buy” rating to a “hold” rating in a research report on Saturday, March 28th. Zacks Research lowered shares of DXC Technology from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, March 3rd. Weiss Ratings reissued a “sell (d+)” rating on shares of DXC Technology in a research report on Wednesday, April 8th. Finally, BMO Capital Markets raised their price target on shares of DXC Technology from $15.00 to $17.00 and gave the stock a “market perform” rating in a research report on Tuesday, February 3rd.

Insider Buying and Selling

In other news, CEO Raul J. Fernandez acquired 16,446 shares of the company’s stock in a transaction dated Monday, February 2nd. The shares were acquired at an average price of $15.24 per share, with a total value of $250,637.04. Following the purchase, the chief executive officer directly owned 816,001 shares of the company’s stock, valued at $12,435,855.24. This trade represents a 2.06% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. 0.61% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On DXC Technology

Large investors have recently made changes to their positions in the company. EverSource Wealth Advisors LLC lifted its stake 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 valued at $27,000 after purchasing an additional 1,227 shares during the period. Danske Bank A S lifted its stake in shares of DXC Technology by 280.0% in the 4th quarter. Danske Bank A S now owns 1,900 shares of the company’s stock valued at $28,000 after purchasing an additional 1,400 shares during the period. Fifth Third Bancorp lifted its stake in shares of DXC Technology by 116.0% in the 4th quarter. Fifth Third Bancorp now owns 2,102 shares of the company’s stock valued at $31,000 after purchasing an additional 1,129 shares during the period. Hantz Financial Services Inc. lifted its stake in shares of DXC Technology by 110.5% in the 4th 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 during the period. Finally, CIBC Private Wealth Group LLC lifted its stake in shares of DXC Technology by 13,258.8% in the 4th quarter. CIBC Private Wealth Group LLC now owns 2,271 shares of the company’s stock valued at $33,000 after purchasing an additional 2,254 shares during the period. 96.20% of the stock is currently owned by institutional investors and hedge funds.

DXC Technology Stock Performance

Shares of DXC Technology stock opened at $12.28 on Thursday. The firm has a market capitalization of $2.08 billion, a P/E ratio of 5.27 and a beta of 1.00. The company has a quick ratio of 1.35, a current ratio of 1.35 and a debt-to-equity ratio of 0.91. The company has a 50 day moving average price of $12.67 and a 200 day moving average price of $13.54. DXC Technology has a 52 week low of $11.23 and a 52 week high of $17.26.

DXC Technology (NYSE:DXC) last announced its quarterly earnings data on Thursday, January 29th. The company reported $0.96 EPS for the quarter, beating the consensus estimate of $0.83 by $0.13. The firm had revenue of $3.19 billion during the quarter, compared to analyst estimates of $3.18 billion. DXC Technology had a net margin of 3.34% and a return on equity of 17.56%. DXC Technology’s revenue was down 1.0% on a year-over-year basis. During the same period last year, the firm posted $0.92 EPS. Sell-side analysts expect that DXC Technology will post 3.35 EPS for the current 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.