DXC Technology (NYSE:DXC) Upgraded by Wall Street Zen to Buy Rating

Wall Street Zen upgraded shares of DXC Technology (NYSE:DXC) from a hold rating to a buy rating in a research report report published on Saturday morning.

Several other research analysts have also weighed in on the company. BMO Capital Markets upped their price target on DXC Technology from $15.00 to $17.00 and gave the company a “market perform” rating in a research report on Tuesday, February 3rd. Wolfe Research set a $13.00 price objective on DXC Technology and gave the stock an “underperform” rating in a research report on Friday, January 30th. Finally, Zacks Research cut DXC Technology from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, March 3rd. Seven investment analysts have rated the stock with a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Reduce” and an average target price of $14.71.

DXC Technology Stock Down 2.0%

DXC stock opened at $12.93 on Friday. DXC Technology has a 52-week low of $11.61 and a 52-week high of $18.90. The company’s 50 day simple moving average is $14.03 and its 200-day simple moving average is $13.91. The company has a debt-to-equity ratio of 0.91, a current ratio of 1.35 and a quick ratio of 1.35. The firm has a market capitalization of $2.19 billion, a P/E ratio of 5.55 and a beta of 1.10.

DXC Technology (NYSE:DXC) last posted its quarterly earnings data on Thursday, January 29th. The company reported $0.96 EPS for the quarter, topping analysts’ consensus estimates of $0.83 by $0.13. The firm had revenue of $3.19 billion during the quarter, compared to analyst estimates of $3.18 billion. DXC Technology had a net margin of 3.34% and a return on equity of 17.56%. The company’s revenue was down 1.0% on a year-over-year basis. During the same quarter last year, the business posted $0.92 EPS. As a group, equities research analysts anticipate that DXC Technology will post 3.35 EPS for the current year.

Insider Buying and Selling at DXC Technology

In related news, SVP Christopher Anthony Voci sold 2,500 shares of the stock in a transaction on Thursday, December 11th. The stock was 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 directly owned 88,605 shares in the company, valued at approximately $1,342,365.75. This trade represents a 2.74% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Raul J. Fernandez bought 16,446 shares of the stock in a transaction on Monday, February 2nd. The stock was purchased at an average price of $15.24 per share, for a total transaction of $250,637.04. Following the purchase, the chief executive officer directly owned 816,001 shares of the company’s stock, valued at approximately $12,435,855.24. This represents a 2.06% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. 0.61% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On DXC Technology

Large investors have recently made changes to their positions in the company. Royal Bank of Canada increased its holdings in DXC Technology by 156.3% in the first quarter. Royal Bank of Canada now owns 99,930 shares of the company’s stock worth $1,703,000 after buying an additional 60,935 shares during the last quarter. Goldman Sachs Group Inc. lifted its stake in DXC Technology by 4.1% in the first quarter. Goldman Sachs Group Inc. now owns 1,239,558 shares of the company’s stock valued at $21,134,000 after acquiring an additional 49,228 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in 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 worth $12,542,000 after acquiring an additional 34,544 shares in the last quarter. Savant Capital LLC acquired a new position in shares of DXC Technology during the 2nd quarter worth $154,000. Finally, AGF Management Ltd. increased its stake in shares of DXC Technology by 35.9% during the 2nd quarter. AGF Management Ltd. now owns 198,408 shares of the company’s stock worth $3,034,000 after purchasing an additional 52,367 shares during the last quarter. 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.