DXC Technology (NYSE:DXC) CEO Raul Fernandez Purchases 16,446 Shares

DXC Technology Company. (NYSE:DXC) CEO Raul Fernandez acquired 16,446 shares of the firm’s stock in a transaction that occurred on Monday, February 2nd. The shares were bought at an average cost of $15.24 per share, for a total transaction of $250,637.04. Following the acquisition, the chief executive officer owned 816,001 shares of the company’s stock, valued at $12,435,855.24. This represents a 2.06% increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink.

DXC Technology Price Performance

DXC Technology stock traded down $1.81 during mid-day trading on Tuesday, reaching $13.47. The company had a trading volume of 4,775,399 shares, compared to its average volume of 2,021,709. The stock’s 50-day simple moving average is $14.65 and its 200-day simple moving average is $14.01. DXC Technology Company. has a 1 year low of $11.82 and a 1 year high of $23.75. The company has a debt-to-equity ratio of 0.91, a current ratio of 1.35 and a quick ratio of 1.09. The company has a market capitalization of $2.34 billion, a P/E ratio of 5.78 and a beta of 1.07.

DXC Technology (NYSE:DXC) last released its quarterly earnings results on Thursday, January 29th. The company reported $0.96 earnings per share for the quarter, topping analysts’ consensus estimates of $0.83 by $0.13. The business had revenue of $3.19 billion for the quarter, compared to analysts’ expectations of $3.18 billion. DXC Technology had a return on equity of 17.56% and a net margin of 3.34%.The company’s revenue was down 1.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.92 EPS. On average, equities analysts predict that DXC Technology Company. will post 3.35 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Maryland State Retirement & Pension System grew its position in shares of DXC Technology by 1.1% in the second quarter. Maryland State Retirement & Pension System now owns 61,629 shares of the company’s stock valued at $942,000 after purchasing an additional 691 shares during the period. Smartleaf Asset Management LLC boosted its stake in DXC Technology by 38.2% in the 3rd quarter. Smartleaf Asset Management LLC now owns 2,814 shares of the company’s stock worth $38,000 after buying an additional 778 shares during the last quarter. Yousif Capital Management LLC grew its holdings in DXC Technology by 1.1% in the 2nd quarter. Yousif Capital Management LLC now owns 78,367 shares of the company’s stock valued at $1,198,000 after buying an additional 833 shares during the period. CoreCap Advisors LLC increased its stake in shares of DXC Technology by 16.3% during the 3rd quarter. CoreCap Advisors LLC now owns 6,271 shares of the company’s stock valued at $85,000 after acquiring an additional 879 shares during the last quarter. Finally, Arizona State Retirement System lifted its holdings in shares of DXC Technology by 1.8% during the 3rd quarter. Arizona State Retirement System now owns 53,799 shares of the company’s stock worth $733,000 after acquiring an additional 961 shares during the period. 96.20% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the stock. BMO Capital Markets raised their target price on shares of DXC Technology from $15.00 to $17.00 and gave the company a “market perform” rating in a report on Tuesday. Stifel Nicolaus dropped 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 note on Friday, October 31st. Susquehanna set a $14.00 target price on DXC Technology and gave the company a “neutral” rating in a research note on Friday, October 31st. Weiss Ratings reiterated a “sell (d)” rating on shares of DXC Technology in a report on Wednesday, October 8th. Finally, Wolfe Research set a $13.00 price target on DXC Technology and gave the stock an “underperform” rating in a report on Friday. Six investment analysts have rated the stock with a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Reduce” and an average target price of $14.71.

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.