DXC Technology (NYSE:DXC) Releases FY 2027 Earnings Guidance

DXC Technology (NYSE:DXC) issued an update on its FY 2027 earnings guidance on Friday morning. The company provided earnings per share guidance of 2.400-2.900 for the period, compared to the consensus earnings per share estimate of 2.610. The company issued revenue guidance of -.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on the company. BMO Capital Markets cut their price objective on DXC Technology from $17.00 to $10.00 and set a “market perform” rating for the company in a research report on Monday, May 11th. Weiss Ratings lowered shares of DXC Technology from a “sell (d+)” rating to a “sell (d)” rating in a report on Monday, May 11th. Stifel Nicolaus set a $12.00 price target on shares of DXC Technology in a research note on Friday, May 8th. Wall Street Zen downgraded shares of DXC Technology from a “buy” rating to a “hold” rating in a report on Saturday, March 28th. Finally, Morgan Stanley lowered their target price on shares of DXC Technology from $15.00 to $9.00 and set an “equal weight” rating for the company in a report on Thursday, May 14th. Six investment analysts have rated the stock with a Hold rating and four have issued a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of “Reduce” and a consensus target price of $12.75.

DXC Technology Stock Performance

Shares of DXC stock opened at $8.22 on Friday. The company’s 50 day moving average is $9.98 and its 200 day moving average is $12.37. 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 has a market cap of $1.34 billion, a price-to-earnings ratio of 137.02 and a beta of 0.81. DXC Technology has a 52-week low of $7.90 and a 52-week high of $16.45.

DXC Technology (NYSE:DXC) last released its quarterly earnings results 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 return on equity of 17.24% and a net margin of 0.14%.The firm had revenue of $3.13 billion during the quarter, compared to analyst estimates of $3.17 billion. During the same period in the previous year, the company posted $0.84 EPS. The business’s revenue for the quarter was down 1.2% compared to the same quarter last year. On average, sell-side analysts anticipate that DXC Technology will post 2.64 EPS for the current fiscal year.

Insider Buying and Selling at DXC Technology

In other news, CEO Raul J. Fernandez acquired 28,051 shares of the business’s stock in a transaction dated Monday, May 11th. The shares were purchased at an average price of $8.90 per share, with a total value of $249,653.90. Following the transaction, the chief executive officer directly owned 844,052 shares in the company, valued at approximately $7,512,062.80. This represents a 3.44% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 1.13% of the company’s stock.

Institutional Investors Weigh In On DXC Technology

A number of large investors have recently modified their holdings of DXC. Royal Bank of Canada increased its stake in shares of DXC Technology by 156.3% in the 1st quarter. Royal Bank of Canada now owns 99,930 shares of the company’s stock valued at $1,703,000 after purchasing an additional 60,935 shares in the last quarter. Goldman Sachs Group Inc. lifted its position in shares of DXC Technology by 4.1% during the 1st quarter. Goldman Sachs Group Inc. now owns 1,239,558 shares of the company’s stock valued at $21,134,000 after buying an additional 49,228 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in shares of DXC Technology by 4.9% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 735,597 shares of the company’s stock valued at $12,542,000 after purchasing an additional 34,544 shares during the period. Creative Planning boosted its stake in DXC Technology by 83.9% during the 2nd quarter. Creative Planning now owns 21,863 shares of the company’s stock worth $334,000 after purchasing an additional 9,972 shares during the last quarter. Finally, EverSource Wealth Advisors LLC grew its position in shares of DXC Technology by 240.6% in the second quarter. EverSource Wealth Advisors LLC now owns 1,737 shares of the company’s stock valued at $27,000 after purchasing an additional 1,227 shares in the last quarter. Hedge funds and other institutional investors own 96.20% of the company’s stock.

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.