DXC Technology Target of Unusually High Options Trading (NYSE:DXC)

DXC Technology (NYSE:DXC) saw some unusual options trading activity on Thursday. Investors purchased 5,431 put options on the stock. This is an increase of 1,120% compared to the typical daily volume of 445 put options.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on DXC shares. Susquehanna increased their price objective on shares of DXC Technology from $19.00 to $23.00 and gave the company a “neutral” rating in a research note on Friday, November 8th. JPMorgan Chase & Co. increased their price target on DXC Technology from $19.00 to $22.00 and gave the company an “underweight” rating in a research note on Friday, September 6th. Finally, BMO Capital Markets raised their price objective on DXC Technology from $22.00 to $25.00 and gave the company a “market perform” rating in a report on Monday, November 11th. Two equities research analysts have rated the stock with a sell rating and seven have assigned a hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $20.89.

Hedge Funds Weigh In On DXC Technology

Several hedge funds and other institutional investors have recently bought and sold shares of the company. William B. Walkup & Associates Inc. acquired a new position in DXC Technology in the second quarter valued at approximately $26,000. Fifth Third Bancorp lifted its position in shares of DXC Technology by 40.1% during the 2nd quarter. Fifth Third Bancorp now owns 1,954 shares of the company’s stock valued at $37,000 after acquiring an additional 559 shares during the period. Family Firm Inc. bought a new position in DXC Technology during the second quarter worth $37,000. Matrix Trust Co acquired a new stake in DXC Technology in the third quarter worth $43,000. Finally, Prospera Private Wealth LLC bought a new stake in DXC Technology in the third quarter valued at $49,000. Institutional investors and hedge funds own 96.20% of the company’s stock.

DXC Technology Price Performance

Shares of NYSE:DXC opened at $21.49 on Friday. The company has a debt-to-equity ratio of 1.18, a quick ratio of 1.25 and a current ratio of 1.25. DXC Technology has a 52 week low of $14.78 and a 52 week high of $24.83. The firm has a market cap of $3.89 billion, a PE ratio of 268.66, a price-to-earnings-growth ratio of 1.40 and a beta of 1.65. The firm’s fifty day moving average is $21.33 and its 200-day moving average is $20.13.

DXC Technology (NYSE:DXC) last announced its earnings results on Thursday, November 7th. The company reported $0.93 EPS for the quarter, topping the consensus estimate of $0.72 by $0.21. The firm had revenue of $3.24 billion for the quarter, compared to the consensus estimate of $3.21 billion. DXC Technology had a return on equity of 20.42% and a net margin of 0.18%. During the same period in the previous year, the business earned $0.70 EPS. Sell-side analysts predict that DXC Technology will post 3.18 earnings per share for the current year.

About DXC Technology

DXC Technology Company, together with its subsidiaries, provides information technology services and solutions in the United States, the United Kingdom, rest of Europe, Australia, and internationally. It operates in two segments, Global Business Services (GBS) and Global Infrastructure Services (GIS).