DXC Technology (NYSE:DXC) Receives Consensus Rating of “Reduce” from Brokerages

DXC Technology (NYSE:DXC) has been given a consensus rating of “Reduce” by the nine analysts that are currently covering the company, Marketbeat reports. Two research analysts have rated the stock with a sell recommendation and seven have assigned a hold recommendation to the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $20.11.

A number of equities research analysts have recently issued reports on DXC shares. BMO Capital Markets increased their price target on shares of DXC Technology from $17.50 to $22.00 and gave the stock a “market perform” rating in a report on Friday, August 9th. Royal Bank of Canada upped their price objective on shares of DXC Technology from $18.00 to $20.00 and gave the stock a “sector perform” rating in a research report on Friday, August 9th. Finally, JPMorgan Chase & Co. upped their price objective on shares of DXC Technology from $19.00 to $22.00 and gave the stock an “underweight” rating in a research report on Friday, September 6th.

Insider Buying and Selling at DXC Technology

In other DXC Technology news, EVP Mary E. Finch sold 31,047 shares of the stock in a transaction that occurred on Monday, August 12th. The shares were sold at an average price of $19.36, for a total transaction of $601,069.92. Following the transaction, the executive vice president now directly owns 325,665 shares in the company, valued at $6,304,874.40. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, SVP Christopher Anthony Voci sold 2,500 shares of the firm’s stock in a transaction that occurred on Friday, September 13th. The shares were sold at an average price of $21.37, for a total value of $53,425.00. Following the transaction, the senior vice president now owns 83,746 shares in the company, valued at approximately $1,789,652.02. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Mary E. Finch sold 31,047 shares of the firm’s stock in a transaction that occurred on Monday, August 12th. The stock was sold at an average price of $19.36, for a total transaction of $601,069.92. Following the completion of the transaction, the executive vice president now owns 325,665 shares in the company, valued at $6,304,874.40. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.54% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Pacer Advisors Inc. lifted its stake in DXC Technology by 30.4% in the second quarter. Pacer Advisors Inc. now owns 19,240,978 shares of the company’s stock worth $367,310,000 after acquiring an additional 4,489,924 shares during the period. Marshall Wace LLP lifted its stake in DXC Technology by 1,047.3% in the second quarter. Marshall Wace LLP now owns 820,585 shares of the company’s stock worth $15,665,000 after acquiring an additional 749,060 shares during the period. Toronto Dominion Bank lifted its stake in DXC Technology by 683,853.2% in the first quarter. Toronto Dominion Bank now owns 745,509 shares of the company’s stock worth $15,812,000 after acquiring an additional 745,400 shares during the period. American Century Companies Inc. lifted its stake in DXC Technology by 20.8% in the second quarter. American Century Companies Inc. now owns 3,991,295 shares of the company’s stock worth $76,194,000 after acquiring an additional 687,522 shares during the period. Finally, Millennium Management LLC lifted its stake in DXC Technology by 352.6% in the second quarter. Millennium Management LLC now owns 625,197 shares of the company’s stock worth $11,935,000 after acquiring an additional 487,072 shares during the period. Institutional investors own 96.20% of the company’s stock.

DXC Technology Price Performance

NYSE DXC opened at $20.78 on Thursday. The company has a market cap of $3.75 billion, a PE ratio of 56.16, a price-to-earnings-growth ratio of 1.77 and a beta of 1.67. DXC Technology has a 52 week low of $14.78 and a 52 week high of $25.14. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 1.21. The firm’s 50-day simple moving average is $20.60 and its two-hundred day simple moving average is $19.36.

DXC Technology (NYSE:DXC) last announced its quarterly earnings results on Thursday, August 8th. The company reported $0.74 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.57 by $0.17. DXC Technology had a net margin of 0.60% and a return on equity of 19.20%. The firm had revenue of $3.24 billion for the quarter, compared to the consensus estimate of $3.14 billion. Research analysts predict that DXC Technology will post 2.89 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).