DXC Technology Company. (NYSE:DXC) Given Average Rating of “Hold” by Brokerages

Shares of DXC Technology Company. (NYSE:DXC) have earned a consensus rating of “Hold” from the nine brokerages that are covering the company, Marketbeat reports. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and one has issued a strong buy rating on the company. The average 12 month target price among brokers that have covered the stock in the last year is $15.00.

DXC has been the subject of a number of analyst reports. Weiss Ratings reiterated a “sell (d)” rating on shares of DXC Technology in a research report on Wednesday, October 8th. Susquehanna set a $14.00 price target on DXC Technology and gave the stock a “neutral” rating in a research report on Friday, October 31st. Wall Street Zen raised DXC Technology from a “hold” rating to a “buy” rating in a report on Sunday, November 9th. Stifel Nicolaus reduced their target price on DXC Technology from $15.00 to $14.00 and set a “hold” rating for the company in a research note on Friday, October 31st. Finally, Wolfe Research upgraded DXC Technology from a “strong sell” rating to a “strong-buy” rating in a research report on Tuesday, December 30th.

Insider Activity

In other news, SVP Christopher Anthony Voci sold 2,500 shares of the business’s stock in a transaction dated Thursday, December 11th. The shares were sold at an average price of $15.15, for a total transaction of $37,875.00. Following the completion of the sale, the senior vice president owned 88,605 shares of the company’s stock, valued at $1,342,365.75. The trade was a 2.74% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.61% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On DXC Technology

Large investors have recently bought and sold shares of the company. EverSource Wealth Advisors LLC raised its stake in DXC Technology by 240.6% in the 2nd 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 during the last quarter. Headlands Technologies LLC purchased a new stake in shares of DXC Technology during the second quarter worth $39,000. Smartleaf Asset Management LLC raised its position in shares of DXC Technology by 38.2% in the third quarter. Smartleaf Asset Management LLC now owns 2,814 shares of the company’s stock valued at $38,000 after buying an additional 778 shares during the last quarter. Rothschild Investment LLC lifted its stake in shares of DXC Technology by 609.8% in the third quarter. Rothschild Investment LLC now owns 2,981 shares of the company’s stock worth $41,000 after buying an additional 2,561 shares in the last quarter. Finally, Signaturefd LLC boosted its position in DXC Technology by 187.3% during the second quarter. Signaturefd LLC now owns 3,054 shares of the company’s stock worth $47,000 after acquiring an additional 1,991 shares during the last quarter. 96.20% of the stock is currently owned by hedge funds and other institutional investors.

DXC Technology Stock Down 0.4%

Shares of DXC stock opened at $14.02 on Tuesday. DXC Technology has a twelve month low of $11.82 and a twelve month high of $23.75. The stock has a market cap of $2.44 billion, a P/E ratio of 6.91 and a beta of 1.04. The stock has a 50 day moving average of $13.96 and a 200 day moving average of $14.05. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 0.71.

DXC Technology (NYSE:DXC) last issued its quarterly earnings data on Friday, October 31st. The company reported $0.84 EPS for the quarter, topping analysts’ consensus estimates of $0.71 by $0.13. DXC Technology had a net margin of 2.93% and a return on equity of 17.83%. The business had revenue of $3.16 billion for the quarter, compared to analysts’ expectations of $3.17 billion. During the same quarter last year, the company earned $0.93 EPS. The business’s revenue was down 2.5% on a year-over-year basis. As a group, sell-side analysts expect that DXC Technology will post 3.35 EPS for the current 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.