DXC Technology (NYSE:DXC – Get Free Report) had its price target decreased by analysts at Morgan Stanley from $15.00 to $9.00 in a research note issued to investors on Thursday,Benzinga reports. The brokerage presently has an “equal weight” rating on the stock. Morgan Stanley’s price target points to a potential upside of 0.84% from the company’s previous close.
A number of other research firms have also recently issued reports on DXC. Wall Street Zen cut DXC Technology from a “buy” rating to a “hold” rating in a report on Saturday, March 28th. Stifel Nicolaus set a $12.00 price target on DXC Technology in a report on Friday, May 8th. Weiss Ratings cut DXC Technology from a “sell (d+)” rating to a “sell (d)” rating in a report on Monday. BMO Capital Markets cut their price target on DXC Technology from $17.00 to $10.00 and set a “market perform” rating on the stock in a report on Monday, May 11th. Finally, Zacks Research cut DXC Technology from a “hold” rating to a “strong sell” rating in a report on Tuesday. Six investment analysts have rated the stock with a Hold rating and four have assigned a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Reduce” and an average target price of $12.75.
View Our Latest Report on DXC Technology
DXC Technology Price Performance
DXC Technology (NYSE:DXC – Get Free Report) last posted its quarterly earnings results on Thursday, May 7th. The company reported $0.77 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.70 by $0.07. The firm had revenue of $3.13 billion for the quarter, compared to analysts’ expectations of $3.17 billion. DXC Technology had a return on equity of 17.24% and a net margin of 0.14%.The company’s revenue for the quarter was down 1.2% compared to the same quarter last year. During the same period in the prior year, the business earned $0.84 EPS. 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. On average, equities analysts predict that DXC Technology will post 2.64 earnings per share for the current year.
Insider Buying and Selling
In related news, CEO Raul J. Fernandez purchased 28,051 shares of the stock in a transaction that occurred on Monday, May 11th. The stock was acquired at an average cost of $8.90 per share, with a total value of $249,653.90. Following the transaction, the chief executive officer owned 844,052 shares of the company’s stock, valued at $7,512,062.80. This represents a 3.44% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.61% of the company’s stock.
Institutional Investors Weigh In On DXC Technology
Institutional investors and hedge funds have recently bought and sold shares of the stock. Sei Investments Co. increased its position in shares of DXC Technology by 5.1% during the 1st quarter. Sei Investments Co. now owns 339,943 shares of the company’s stock valued at $4,273,000 after purchasing an additional 16,406 shares during the last quarter. Lido Advisors LLC increased its position in shares of DXC Technology by 13.6% during the 1st quarter. Lido Advisors LLC now owns 19,755 shares of the company’s stock valued at $248,000 after purchasing an additional 2,372 shares during the last quarter. Cetera Investment Advisers increased its position in shares of DXC Technology by 19.0% during the 1st quarter. Cetera Investment Advisers now owns 17,744 shares of the company’s stock valued at $223,000 after purchasing an additional 2,834 shares during the last quarter. Dimensional Fund Advisors LP increased its position in shares of DXC Technology by 2.6% during the 1st quarter. Dimensional Fund Advisors LP now owns 10,029,966 shares of the company’s stock valued at $126,068,000 after purchasing an additional 258,819 shares during the last quarter. Finally, Parallel Advisors LLC increased its position in shares of DXC Technology by 299.1% during the 1st quarter. Parallel Advisors LLC now owns 12,756 shares of the company’s stock valued at $160,000 after purchasing an additional 9,560 shares during the last quarter. 96.20% of the stock is owned by hedge funds and other institutional investors.
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.
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