DXC Technology Company. (NYSE:DXC – Get Free Report) shares saw unusually-high trading volume on Thursday . Approximately 2,048,162 shares traded hands during mid-day trading, a decline of 40% from the previous session’s volume of 3,433,196 shares.The stock last traded at $8.8940 and had previously closed at $8.82.
Analyst Ratings Changes
DXC has been the subject of several recent analyst reports. Wall Street Zen downgraded DXC Technology from a “buy” rating to a “hold” rating in a report on Saturday, March 28th. BMO Capital Markets lowered their price target on DXC Technology from $17.00 to $10.00 and set a “market perform” rating for the company in a report on Monday, May 11th. Weiss Ratings downgraded DXC Technology from a “sell (d+)” rating to a “sell (d)” rating in a report on Monday, May 11th. TD Cowen lowered their price target on DXC Technology from $15.00 to $14.00 and set a “hold” rating for the company in a report on Monday, April 6th. Finally, Zacks Research downgraded DXC Technology from a “hold” rating to a “strong sell” rating in a report on Tuesday, May 12th. Six analysts have rated the stock with a Hold rating and four have assigned a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Reduce” and an average price target of $12.75.
Get Our Latest Analysis on DXC Technology
DXC Technology Price Performance
DXC Technology (NYSE:DXC – Get Free Report) last announced its quarterly earnings results on Friday, May 8th. The company reported $0.77 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.70 by $0.07. DXC Technology had a return on equity of 17.24% and a net margin of 0.14%.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 previous year, the company posted $0.84 earnings per share. DXC Technology’s revenue for the quarter was down 1.2% on a year-over-year basis. On average, equities research analysts anticipate that DXC Technology Company. will post 2.64 EPS for the current year.
Insider Transactions at DXC Technology
In related news, CEO Raul J. Fernandez purchased 28,051 shares of the firm’s stock in a transaction on Monday, May 11th. The stock was bought at an average cost of $8.90 per share, with a total value of $249,653.90. Following the completion of the acquisition, the chief executive officer owned 844,052 shares of the company’s stock, valued at $7,512,062.80. The trade was a 3.44% increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 1.13% of the company’s stock.
Institutional Inflows and Outflows
A number of large investors have recently bought and sold shares of the stock. Smartleaf Asset Management LLC lifted its holdings in DXC Technology by 38.2% in the third quarter. Smartleaf Asset Management LLC now owns 2,814 shares of the company’s stock valued at $38,000 after acquiring an additional 778 shares during the period. Lido Advisors LLC grew its holdings in DXC Technology by 6.1% in the fourth quarter. Lido Advisors LLC now owns 17,383 shares of the company’s stock valued at $241,000 after purchasing an additional 1,003 shares during the period. Fifth Third Bancorp increased its position 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. increased its position in shares of DXC Technology by 110.5% in the fourth quarter. Hantz Financial Services Inc. now owns 2,185 shares of the company’s stock valued at $32,000 after buying an additional 1,147 shares in the last quarter. Finally, EverSource Wealth Advisors LLC increased its position in shares of DXC Technology by 240.6% in the second quarter. EverSource Wealth Advisors LLC now owns 1,737 shares of the company’s stock valued at $27,000 after buying an additional 1,227 shares in the last quarter. 96.20% of the stock is owned by institutional investors and hedge funds.
About DXC Technology
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.
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