DXC Technology (NYSE:DXC) Trading 4.1% Higher – Still a Buy?

DXC Technology Company. (NYSE:DXCGet Free Report) shares rose 4.1% on Friday . The stock traded as high as $9.71 and last traded at $9.6520. Approximately 155,240 shares were traded during trading, a decline of 96% from the average session volume of 3,854,354 shares. The stock had previously closed at $9.27.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the stock. Stifel Nicolaus set a $12.00 price target on shares of DXC Technology in a report on Friday, May 8th. BMO Capital Markets dropped their target price on shares of DXC Technology from $17.00 to $10.00 and set a “market perform” rating for the company in a report on Monday, May 11th. Royal Bank Of Canada reissued a “sector perform” rating and issued a $16.00 target price on shares of DXC Technology in a research note on Friday, June 12th. TD Cowen reduced their price target on DXC Technology from $11.00 to $10.00 and set a “hold” rating on the stock in a report on Thursday, July 9th. Finally, Wall Street Zen lowered DXC Technology from a “buy” rating to a “hold” rating in a research report on Saturday, March 28th. Seven investment analysts have rated the stock with a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Reduce” and an average target price of $12.25.

Read Our Latest Analysis on DXC Technology

DXC Technology Trading Up 7.9%

The company has a quick ratio of 1.36, a current ratio of 1.36 and a debt-to-equity ratio of 0.94. The firm’s fifty day moving average is $9.22 and its two-hundred day moving average is $11.58. The firm has a market cap of $1.64 billion, a P/E ratio of 166.80 and a beta of 0.82.

DXC Technology (NYSE:DXCGet Free Report) last issued its quarterly earnings data on Friday, May 8th. The company reported $0.77 EPS for the quarter, topping the consensus estimate of $0.70 by $0.07. DXC Technology had a net margin of 0.14% and a return on equity of 17.24%. The business had revenue of $3.13 billion during the quarter, compared to analyst estimates of $3.17 billion. During the same period in the prior year, the business earned $0.84 EPS. The company’s revenue for the quarter was down 1.2% on a year-over-year basis. Analysts predict that DXC Technology Company. will post 2.61 earnings per share for the current fiscal year.

Insider Activity

In other news, CEO Raul J. Fernandez bought 28,051 shares of DXC Technology stock in a transaction on Monday, May 11th. The shares were purchased at an average price of $8.90 per share, for a total transaction of $249,653.90. Following the acquisition, the chief executive officer owned 844,052 shares of the company’s stock, valued at approximately $7,512,062.80. The trade was a 3.44% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. 1.13% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On DXC Technology

A number of institutional investors and hedge funds have recently made changes to their positions in the business. AQR Capital Management LLC lifted its holdings in shares of DXC Technology by 97.0% during the second quarter. AQR Capital Management LLC now owns 3,933,973 shares of the company’s stock valued at $60,150,000 after purchasing an additional 1,936,726 shares in the last quarter. Assenagon Asset Management S.A. boosted its holdings in shares of DXC Technology by 2,316.7% during the 4th quarter. Assenagon Asset Management S.A. now owns 1,570,035 shares of the company’s stock valued at $23,001,000 after acquiring an additional 1,505,069 shares during the last quarter. UBS Group AG boosted its holdings in shares of DXC Technology by 131.2% during the 3rd quarter. UBS Group AG now owns 2,047,395 shares of the company’s stock valued at $27,906,000 after acquiring an additional 1,161,879 shares during the last quarter. Qube Research & Technologies Ltd grew its stake in shares of DXC Technology by 1,156.1% in the second quarter. Qube Research & Technologies Ltd now owns 1,132,578 shares of the company’s stock worth $17,317,000 after acquiring an additional 1,042,409 shares during the period. Finally, SEB Asset Management AB bought a new stake in shares of DXC Technology in the first quarter worth approximately $12,103,000. Institutional investors own 96.20% of the company’s stock.

DXC Technology Company Profile

(Get Free Report)

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

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.