DXC Technology Company. (NYSE:DXC – Get Free Report) traded down 5.7% during mid-day trading on Friday . The company traded as low as $10.76 and last traded at $10.7850. Approximately 1,714,406 shares traded hands during trading, a decline of 54% from the average session volume of 3,695,213 shares. The stock had previously closed at $11.44.
Analysts Set New Price Targets
A number of brokerages have weighed in on DXC. Zacks Research raised shares of DXC Technology from a “strong sell” rating to a “hold” rating in a research note on Monday, July 13th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of DXC Technology in a research report on Friday, August 7th. TD Cowen lifted their target price on DXC Technology from $10.00 to $12.00 and gave the company a “hold” rating in a research report on Monday, August 3rd. Royal Bank Of Canada lowered their target price on DXC Technology from $16.00 to $14.00 and set a “sector perform” rating on the stock in a research report on Friday, July 31st. Finally, Morgan Stanley set a $12.00 target price on shares of DXC Technology in a report on Monday, August 3rd. Seven analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of “Reduce” and an average target price of $12.21.
DXC Technology Stock Performance
DXC Technology (NYSE:DXC – Get Free Report) last released its quarterly earnings results on Thursday, July 30th. The company reported $0.40 earnings per share for the quarter, missing analysts’ consensus estimates of $0.41 by ($0.01). DXC Technology had a net margin of 0.99% and a return on equity of 15.60%. The business had revenue of $3 billion during the quarter, compared to analyst estimates of $2.99 billion. During the same quarter in the previous year, the firm posted $0.68 earnings per share. The firm’s quarterly revenue was down 5.0% on a year-over-year basis. DXC Technology has set its Q2 2027 guidance at 0.550-0.550 EPS. Analysts forecast that DXC Technology Company. will post 2.61 earnings per share for the current fiscal year.
Hedge Funds Weigh In On DXC Technology
Hedge funds have recently bought and sold shares of the company. BlackRock Inc. boosted its holdings in DXC Technology by 21.5% during the second quarter. BlackRock Inc. now owns 28,276,735 shares of the company’s stock worth $250,249,000 after purchasing an additional 4,994,936 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of DXC Technology by 2.6% in the first quarter. Dimensional Fund Advisors LP now owns 10,029,966 shares of the company’s stock valued at $126,068,000 after acquiring an additional 258,819 shares in the last quarter. Nykredit A S purchased a new stake in shares of DXC Technology during the second quarter valued at approximately $51,580,000. Allianz Asset Management GmbH lifted its holdings in DXC Technology by 58.3% during the second quarter. Allianz Asset Management GmbH now owns 1,564,754 shares of the company’s stock worth $13,848,000 after acquiring an additional 576,353 shares during the period. Finally, Bank of America Corp DE purchased a new position in DXC Technology in the second quarter worth $11,706,000. 96.20% of the stock is owned by institutional investors.
About DXC Technology
DXC Technology (NYSE: DXC) is a global information technology services company that helps businesses and government organizations modernize, manage and secure their technology environments. Its services include IT consulting, systems integration, application development and modernization, cloud computing, cybersecurity, data and analytics, and managed infrastructure.
The company also provides workplace and end-user computing services, enterprise application services, and technology support for complex operating environments.
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