DXC Technology (NYSE:DXC) Shares Gap Up – Time to Buy?

DXC Technology Company. (NYSE:DXC)’s stock price gapped up before the market opened on Thursday. The stock had previously closed at $10.83, but opened at $11.32. DXC Technology shares last traded at $11.6910, with a volume of 357,468 shares traded.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on DXC. Weiss Ratings reiterated a “sell (d)” rating on shares of DXC Technology in a report on Friday, August 7th. TD Cowen lifted their price target on shares of DXC Technology from $10.00 to $12.00 and gave the company a “hold” rating in a research report on Monday, August 3rd. Stifel Nicolaus decreased their price objective on shares of DXC Technology from $12.00 to $10.50 and set a “hold” rating for the company in a research note on Friday, July 31st. Zacks Research raised shares of DXC Technology from a “strong sell” rating to a “hold” rating in a research report on Monday, July 13th. Finally, Morgan Stanley set a $12.00 target price on shares of DXC Technology in a research note on Monday, August 3rd. Seven investment analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Reduce” and an average target price of $12.21.

DXC Technology Price Performance

The company has a debt-to-equity ratio of 0.90, a current ratio of 1.41 and a quick ratio of 1.41. The company has a market cap of $1.83 billion, a PE ratio of 16.32 and a beta of 0.80. The company has a 50-day moving average price of $10.98 and a two-hundred day moving average price of $10.61.

DXC Technology (NYSE:DXC) last announced its earnings results on Thursday, July 30th. The company reported $0.40 EPS for the quarter, missing the consensus estimate of $0.41 by ($0.01). The company had revenue of $3 billion for the quarter, compared to analysts’ expectations of $2.99 billion. DXC Technology had a net margin of 0.99% and a return on equity of 15.60%. The business’s quarterly revenue was down 5.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.68 earnings per share. DXC Technology has set its Q2 2027 guidance at 0.550-0.550 EPS. Sell-side analysts expect that DXC Technology Company. will post 2.61 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in DXC. Hantz Financial Services Inc. boosted its stake in shares of DXC Technology by 110.5% in the fourth quarter. Hantz Financial Services Inc. now owns 2,185 shares of the company’s stock valued at $32,000 after purchasing an additional 1,147 shares during the period. Bessemer Group Inc. increased its stake in DXC Technology by 61.1% during the 1st quarter. Bessemer Group Inc. now owns 3,680 shares of the company’s stock worth $47,000 after buying an additional 1,395 shares during the period. Covestor Ltd increased its stake in DXC Technology by 31.2% during the 2nd quarter. Covestor Ltd now owns 6,603 shares of the company’s stock worth $58,000 after buying an additional 1,570 shares during the period. Versant Capital Management Inc lifted its holdings in DXC Technology by 47.4% in the 2nd quarter. Versant Capital Management Inc now owns 7,474 shares of the company’s stock worth $66,000 after buying an additional 2,404 shares in the last quarter. Finally, Rothschild Investment LLC lifted its holdings in DXC Technology by 83.4% in the 4th quarter. Rothschild Investment LLC now owns 5,467 shares of the company’s stock worth $80,000 after buying an additional 2,486 shares in the last quarter. 96.20% of the stock is owned by institutional investors and hedge funds.

DXC Technology Company Profile

DXC Technology (NYSE: DXC) is a global information technology services company that helps businesses and government organizations modernize, manage and secure their technology environments. Its services include IT consulting, systems integration, application development and modernization, cloud computing, cybersecurity, data and analytics, and managed infrastructure.

The company also provides workplace and end-user computing services, enterprise application services, and technology support for complex operating environments.