BidaskClub cut shares of DXC Technology (NYSE:DXC) from a buy rating to a hold rating in a research report report published on Wednesday morning, BidAskClub reports.
A number of other research analysts have also weighed in on the stock. Morgan Stanley decreased their target price on shares of DXC Technology from $33.00 to $31.00 and set an overweight rating on the stock in a research note on Friday, November 6th. ValuEngine raised shares of DXC Technology from a sell rating to a hold rating in a research note on Tuesday, December 1st. Finally, JPMorgan Chase & Co. raised their target price on shares of DXC Technology from $22.00 to $26.00 and gave the stock a neutral rating in a research note on Friday, December 11th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and three have given a buy rating to the company. The company currently has a consensus rating of Hold and an average price target of $23.50.
DXC stock opened at $23.06 on Wednesday. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 1.69. DXC Technology has a 12-month low of $7.90 and a 12-month high of $38.37. The stock has a market cap of $5.87 billion, a price-to-earnings ratio of -1.51 and a beta of 2.41. The business’s 50-day moving average is $21.61 and its 200 day moving average is $18.96.
DXC Technology (NYSE:DXC) last posted its quarterly earnings data on Thursday, November 5th. The company reported $0.64 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.38 by $0.26. DXC Technology had a positive return on equity of 14.08% and a negative net margin of 20.44%. The company had revenue of $4.55 billion for the quarter, compared to analysts’ expectations of $4.46 billion. During the same period in the previous year, the firm posted $1.38 EPS. DXC Technology’s revenue was down 6.1% compared to the same quarter last year. As a group, equities analysts forecast that DXC Technology will post 2.07 EPS for the current fiscal year.
In related news, EVP William L. Deckelman, Jr. sold 14,600 shares of the business’s stock in a transaction on Monday, November 9th. The shares were sold at an average price of $20.00, for a total transaction of $292,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Raul J. Fernandez bought 2,415 shares of the stock in a transaction that occurred on Friday, November 13th. The shares were purchased at an average price of $20.63 per share, with a total value of $49,821.45. Following the purchase, the director now owns 15,525 shares of the company’s stock, valued at approximately $320,280.75. The disclosure for this purchase can be found here. Insiders own 1.01% of the company’s stock.
Institutional investors and hedge funds have recently made changes to their positions in the stock. Eudaimonia Partners LLC purchased a new stake in DXC Technology in the third quarter valued at $76,000. Shine Investment Advisory Services Inc. lifted its position in DXC Technology by 5,015.2% in the third quarter. Shine Investment Advisory Services Inc. now owns 1,688 shares of the company’s stock valued at $30,000 after acquiring an additional 1,655 shares during the last quarter. Kore Private Wealth LLC lifted its position in DXC Technology by 95.0% in the second quarter. Kore Private Wealth LLC now owns 1,841 shares of the company’s stock valued at $30,000 after acquiring an additional 897 shares during the last quarter. CI Investments Inc. purchased a new stake in DXC Technology in the third quarter valued at $35,000. Finally, Citizens Financial Group Inc RI lifted its position in DXC Technology by 272.1% in the second quarter. Citizens Financial Group Inc RI now owns 2,151 shares of the company’s stock valued at $35,000 after acquiring an additional 1,573 shares during the last quarter. 78.19% of the stock is owned by hedge funds and other institutional investors.
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 in two segments, Global Business Services (GBS) and Global Infrastructure Services (GIS). The GBS segment offers a portfolio of analytics services and extensive partner ecosystem that help its customers to gain rapid insights, automate operations, and accelerate their digital transformation journeys; and software engineering and solutions that enable businesses to run and manage their mission-critical functions, transform their operations, and develop new ways of doing business.
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