ValuEngine Lowers DXC Technology (DXC) to Strong Sell

DXC Technology (NYSE:DXC) was downgraded by investment analysts at ValuEngine from a “sell” rating to a “strong sell” rating in a report released on Friday.

DXC has been the subject of a number of other research reports. Zacks Investment Research upgraded shares of DXC Technology from a “hold” rating to a “buy” rating and set a $98.00 target price for the company in a research note on Tuesday, August 21st. Moffett Nathanson initiated coverage on shares of DXC Technology in a research note on Thursday, October 4th. They set a “buy” rating and a $95.00 target price for the company. KeyCorp raised their target price on shares of DXC Technology from $109.00 to $111.00 and gave the stock an “overweight” rating in a research note on Wednesday, August 8th. BMO Capital Markets cut their target price on shares of DXC Technology from $110.00 to $95.00 and set an “outperform” rating for the company in a research note on Friday. Finally, Morgan Stanley raised their target price on shares of DXC Technology from $101.00 to $103.00 and gave the stock an “overweight” rating in a research note on Wednesday, August 8th. Two research analysts have rated the stock with a sell rating, five have given a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company. DXC Technology presently has a consensus rating of “Buy” and a consensus target price of $102.19.

NYSE DXC opened at $70.63 on Friday. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.40. The stock has a market cap of $19.86 billion, a PE ratio of 8.90, a P/E/G ratio of 1.20 and a beta of 1.32. DXC Technology has a 52-week low of $68.59 and a 52-week high of $107.85.

DXC Technology (NYSE:DXC) last posted its earnings results on Tuesday, August 7th. The company reported $1.93 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.75 by $0.18. The company had revenue of $5.28 billion during the quarter, compared to analysts’ expectations of $5.32 billion. DXC Technology had a net margin of 7.74% and a return on equity of 18.67%. As a group, equities research analysts expect that DXC Technology will post 8.12 earnings per share for the current year.

In other DXC Technology news, CEO John M. Lawrie sold 2,500 shares of DXC Technology stock in a transaction dated Thursday, September 27th. The shares were sold at an average price of $94.15, for a total value of $235,375.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP William L. Deckelman, Jr. sold 2,394 shares of DXC Technology stock in a transaction dated Friday, August 24th. The stock was sold at an average price of $90.02, for a total transaction of $215,507.88. The disclosure for this sale can be found here. Insiders sold a total of 208,527 shares of company stock valued at $18,989,941 in the last quarter. Corporate insiders own 0.65% of the company’s stock.

A number of institutional investors have recently modified their holdings of DXC. Aperio Group LLC increased its holdings in DXC Technology by 19.1% in the 3rd quarter. Aperio Group LLC now owns 196,646 shares of the company’s stock valued at $18,390,000 after buying an additional 31,535 shares during the period. United Services Automobile Association increased its holdings in DXC Technology by 17.0% in the 2nd quarter. United Services Automobile Association now owns 304,422 shares of the company’s stock valued at $24,540,000 after buying an additional 44,195 shares during the period. Nissay Asset Management Corp Japan ADV increased its holdings in DXC Technology by 2.3% in the 2nd quarter. Nissay Asset Management Corp Japan ADV now owns 39,621 shares of the company’s stock valued at $3,194,000 after buying an additional 902 shares during the period. Neuburgh Advisers LLC increased its holdings in DXC Technology by 26.7% in the 2nd quarter. Neuburgh Advisers LLC now owns 201,564 shares of the company’s stock valued at $16,248,000 after buying an additional 42,416 shares during the period. Finally, Weitz Investment Management Inc. increased its holdings in DXC Technology by 9.0% in the 2nd quarter. Weitz Investment Management Inc. now owns 487,852 shares of the company’s stock valued at $39,326,000 after buying an additional 40,205 shares during the period. Institutional investors and hedge funds own 85.18% of the company’s stock.

DXC Technology Company Profile

DXC Technology Company, together with its subsidiaries, provides information technology services and solutions primarily in North America, Europe, Asia, and Australia. It operates through three segments: Global Business Services (GBS), Global Infrastructure Services (GIS), and United States Public Sector (USPS).

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Analyst Recommendations for DXC Technology (NYSE:DXC)

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