DXC Technology (NYSE:DXC) Downgraded by Zacks Research to Strong Sell

Zacks Research downgraded shares of DXC Technology (NYSE:DXC) from a hold rating to a strong sell rating in a report released on Tuesday,Zacks.com reports.

Other analysts also recently issued research reports about the stock. Wolfe Research set a $13.00 target price on shares of DXC Technology and gave the company an “underperform” rating in a research report on Friday, January 30th. Wall Street Zen cut DXC Technology from a “buy” rating to a “hold” rating in a report on Saturday, March 28th. TD Cowen reduced their price objective on shares of DXC Technology from $15.00 to $14.00 and set a “hold” rating for the company in a research report on Monday, April 6th. BMO Capital Markets reduced their price objective on shares of DXC Technology from $17.00 to $10.00 and set a “market perform” rating for the company in a research report on Monday. Finally, Stifel Nicolaus set a $12.00 price objective on shares of DXC Technology in a research report on Friday, May 8th. Six equities research analysts have rated the stock with a Hold rating and four have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, DXC Technology currently has a consensus rating of “Reduce” and an average price target of $13.50.

DXC Technology Stock Performance

NYSE:DXC opened at $8.21 on Tuesday. The company has a market capitalization of $1.34 billion, a PE ratio of 136.75 and a beta of 0.85. The company has a 50 day simple moving average of $11.96 and a two-hundred day simple moving average of $13.28. The company has a debt-to-equity ratio of 0.94, a quick ratio of 1.35 and a current ratio of 1.36. DXC Technology has a fifty-two week low of $7.90 and a fifty-two week high of $17.07.

DXC Technology (NYSE:DXC) last released its earnings results on Thursday, May 7th. The company reported $0.77 earnings per share for the quarter, beating analysts’ consensus estimates of $0.70 by $0.07. The business had revenue of $3.13 billion during the quarter, compared to the consensus estimate of $3.17 billion. DXC Technology had a net margin of 0.14% and a return on equity of 17.24%. The company’s revenue for the quarter was down 1.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.84 EPS. DXC Technology has set its Q1 2027 guidance at 0.400-0.400 EPS and its FY 2027 guidance at 2.400-2.900 EPS. Research analysts anticipate that DXC Technology will post 2.74 earnings per share for the current year.

Insider Activity

In other news, CEO Raul J. Fernandez acquired 28,051 shares of the firm’s stock in a transaction that occurred on Monday, May 11th. The stock was bought at an average price of $8.90 per share, with a total value of $249,653.90. Following the acquisition, the chief executive officer owned 844,052 shares in the company, valued at $7,512,062.80. The trade was a 3.44% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. 0.61% of the stock is currently owned by corporate insiders.

Institutional Trading of DXC Technology

A number of large investors have recently modified their holdings of DXC. Vanguard Group Inc. lifted its position in DXC Technology by 3.5% in the 3rd quarter. Vanguard Group Inc. now owns 23,452,271 shares of the company’s stock worth $319,654,000 after buying an additional 800,973 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in DXC Technology by 2.6% in the 1st quarter. Dimensional Fund Advisors LP now owns 10,029,966 shares of the company’s stock worth $126,068,000 after buying an additional 258,819 shares during the last quarter. American Century Companies Inc. lifted its position in DXC Technology by 8.5% in the 3rd quarter. American Century Companies Inc. now owns 7,591,818 shares of the company’s stock worth $103,476,000 after buying an additional 596,475 shares during the last quarter. FIL Ltd lifted its position in DXC Technology by 0.7% in the 4th quarter. FIL Ltd now owns 6,383,750 shares of the company’s stock worth $93,522,000 after buying an additional 45,015 shares during the last quarter. Finally, State Street Corp lifted its position in DXC Technology by 2.1% in the 2nd quarter. State Street Corp now owns 6,381,982 shares of the company’s stock worth $97,581,000 after buying an additional 128,916 shares during the last quarter. Institutional investors own 96.20% of the company’s stock.

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.