DXC Technology Company. (NYSE:DXC) Receives Average Rating of “Reduce” from Analysts

DXC Technology Company. (NYSE:DXC) has been given a consensus recommendation of “Reduce” by the ten ratings firms that are covering the firm, MarketBeat.com reports. Four analysts have rated the stock with a sell rating and six have issued a hold rating on the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is $12.75.

DXC has been the topic of a number of analyst reports. Weiss Ratings cut DXC Technology from a “sell (d+)” rating to a “sell (d)” rating in a research report on Monday, May 11th. Stifel Nicolaus set a $12.00 target price on shares of DXC Technology in a research note on Friday, May 8th. TD Cowen lowered their target price on shares of DXC Technology from $15.00 to $14.00 and set a “hold” rating on the stock in a report on Monday, April 6th. Wall Street Zen cut shares of DXC Technology from a “buy” rating to a “hold” rating in a research report on Saturday, March 28th. Finally, Zacks Research downgraded shares of DXC Technology from a “hold” rating to a “strong sell” rating in a report on Tuesday, May 12th.

Insider Activity

In other news, CEO Raul J. Fernandez bought 28,051 shares of the business’s stock in a transaction dated Monday, May 11th. The stock was bought at an average price of $8.90 per share, for a total transaction of $249,653.90. Following the completion of the purchase, 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 0.61% of the company’s stock.

Institutional Investors Weigh In On DXC Technology

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Waterfront Wealth Inc. increased its stake in shares of DXC Technology by 818.6% in the third quarter. Waterfront Wealth Inc. now owns 142,192 shares of the company’s stock valued at $1,886,000 after buying an additional 126,713 shares in the last quarter. JPMorgan Chase & Co. lifted its position in DXC Technology by 28.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 742,963 shares of the company’s stock worth $10,127,000 after buying an additional 162,958 shares in the last quarter. Assenagon Asset Management S.A. lifted its position in 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 worth $23,001,000 after buying an additional 1,505,069 shares in the last quarter. Vanguard Group Inc. grew its holdings in DXC Technology by 3.5% during the 3rd quarter. Vanguard Group Inc. now owns 23,452,271 shares of the company’s stock worth $319,654,000 after acquiring an additional 800,973 shares during the last quarter. Finally, Nierenberg Investment Management Company Inc. increased its position in DXC Technology by 634.5% in the 3rd quarter. Nierenberg Investment Management Company Inc. now owns 99,555 shares of the company’s stock valued at $1,357,000 after acquiring an additional 86,000 shares in the last quarter. 96.20% of the stock is owned by institutional investors and hedge funds.

DXC Technology Stock Performance

NYSE:DXC opened at $9.51 on Friday. The firm has a market capitalization of $1.55 billion, a PE ratio of 158.42 and a beta of 0.81. The company has a quick ratio of 1.36, a current ratio of 1.36 and a debt-to-equity ratio of 0.94. DXC Technology has a 12-month low of $7.90 and a 12-month high of $16.45. The firm has a 50-day moving average price of $11.06 and a 200 day moving average price of $12.82.

DXC Technology (NYSE:DXC) last released its quarterly earnings data on Thursday, May 7th. The company reported $0.77 earnings per share 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 for the quarter, compared to the consensus estimate of $3.17 billion. During the same period in the previous year, the business earned $0.84 earnings per share. The company’s quarterly revenue was down 1.2% on a year-over-year basis. 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. Research analysts anticipate that DXC Technology will post 2.64 earnings per share for the current fiscal year.

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.