DXC Technology Company. (NYSE:DXC – Get Free Report)’s stock price traded up 6% during mid-day trading on Tuesday after an insider bought additional shares in the company. The company traded as high as $9.39 and last traded at $9.4140. 551,851 shares traded hands during trading, a decline of 81% from the average session volume of 2,953,035 shares. The stock had previously closed at $8.88.
Specifically, CEO Raul J. Fernandez bought 28,051 shares of DXC Technology 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 directly owned 844,052 shares of the company’s stock, valued at approximately $7,512,062.80. This trade represents a 3.44% increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link.
Analysts Set New Price Targets
A number of research firms have recently weighed in on DXC. Zacks Research cut DXC Technology from a “strong-buy” rating to a “hold” rating in a report on Tuesday, March 3rd. TD Cowen decreased their price objective on DXC Technology from $15.00 to $14.00 and set a “hold” rating for the company in a report on Monday, April 6th. BMO Capital Markets lowered their target price on DXC Technology from $17.00 to $10.00 and set a “market perform” rating on the stock in a research report on Monday. Stifel Nicolaus set a $12.00 target price on DXC Technology in a research note on Friday. Finally, Wolfe Research set a $13.00 price target on DXC Technology and gave the stock an “underperform” rating in a research report on Friday, January 30th. Seven equities research analysts have rated the stock with a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Reduce” and an average target price of $13.50.
DXC Technology Price Performance
The company has a 50 day moving average of $12.11 and a two-hundred day moving average of $13.35. The firm has a market cap of $1.57 billion, a P/E ratio of 154.55 and a beta of 0.85. The company has a quick ratio of 1.35, a current ratio of 1.36 and a debt-to-equity ratio of 0.94.
DXC Technology (NYSE:DXC – Get Free Report) last issued its quarterly earnings results on Thursday, May 7th. The company reported $0.77 earnings per share for the quarter, beating analysts’ consensus estimates of $0.70 by $0.07. DXC Technology had a net margin of 0.14% and a return on equity of 17.24%. The company had revenue of $3.13 billion during the quarter, compared to the consensus estimate of $3.17 billion. During the same period in the prior year, the company earned $0.84 EPS. DXC Technology’s revenue was down 1.2% on a year-over-year basis. 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. Sell-side analysts expect that DXC Technology Company. will post 2.65 EPS for the current year.
Institutional Trading of DXC Technology
Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. EverSource Wealth Advisors LLC boosted its holdings in DXC Technology by 240.6% during the second 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 in the last quarter. Danske Bank A S increased its holdings in shares of 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 buying an additional 1,400 shares in the last quarter. Fifth Third Bancorp increased its holdings in shares of 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 buying an additional 1,129 shares in the last quarter. Hantz Financial Services Inc. lifted its position in shares of DXC Technology by 110.5% during the 4th 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 during the last quarter. Finally, CIBC Private Wealth Group LLC lifted its position in shares of DXC Technology by 13,258.8% during the 4th 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 during the last quarter. 96.20% of the stock is owned by institutional investors and hedge funds.
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.
See Also
- Five stocks we like better than DXC Technology
- MP Materials Is Quietly Building a Rare Earth Powerhouse
- AI Demand Fuels Strong Q1 Earnings for Constellation Energy
- Sony’s $4 Billion Bet on Rock & Roll Royalties
- Ubiquiti’s Uptrend Can Continue, But Don’t Rush to Buy It
Receive News & Ratings for DXC Technology Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for DXC Technology and related companies with MarketBeat.com's FREE daily email newsletter.
