DXC Technology (NYSE:DXC) Updates FY 2027 Earnings Guidance

DXC Technology (NYSE:DXC) issued an update on its FY 2027 earnings guidance on Friday. The company provided earnings per share (EPS) guidance of 2.400-2.900 for the period, compared to the consensus earnings per share estimate of 2.610. The company issued revenue guidance of -.

DXC Technology Stock Performance

NYSE:DXC opened at $8.80 on Friday. The firm has a market cap of $1.44 billion, a price-to-earnings ratio of 146.60 and a beta of 0.81. DXC Technology has a 1-year low of $7.90 and a 1-year high of $16.45. The firm’s fifty day moving average price is $9.90 and its 200 day moving average price is $12.34. The company has a debt-to-equity ratio of 0.94, a current ratio of 1.36 and a quick ratio of 1.36.

DXC Technology (NYSE:DXC) last released its earnings results on Friday, May 8th. The company reported $0.77 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.70 by $0.07. DXC Technology had a return on equity of 17.24% and a net margin of 0.14%.The company had revenue of $3.13 billion for the quarter, compared to analysts’ expectations of $3.17 billion. During the same quarter in the previous year, the firm posted $0.84 EPS. The firm’s quarterly revenue was down 1.2% on a year-over-year basis. On average, sell-side analysts expect that DXC Technology will post 2.64 EPS for the current year.

Analysts Set New Price Targets

A number of research analysts have issued reports on the stock. Royal Bank Of Canada reaffirmed a “sector perform” rating and issued a $16.00 target price on shares of DXC Technology in a report on Friday, June 12th. BMO Capital Markets reduced their price objective on DXC Technology from $17.00 to $10.00 and set a “market perform” rating for the company in a report on Monday, May 11th. TD Cowen lowered their target price on DXC Technology from $15.00 to $14.00 and set a “hold” rating on the stock in a report on Monday, April 6th. Weiss Ratings cut DXC Technology from a “sell (d+)” rating to a “sell (d)” rating in a research report on Monday, May 11th. Finally, Stifel Nicolaus set a $12.00 price objective on shares of DXC Technology in a research report on Friday, May 8th. Six analysts have rated the stock with a Hold rating and four have assigned a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Reduce” and an average target price of $12.75.

Insider Buying and Selling at DXC Technology

In related news, CEO Raul J. Fernandez acquired 28,051 shares of DXC Technology stock in a transaction dated Monday, May 11th. The shares were acquired at an average cost of $8.90 per share, for a total transaction of $249,653.90. Following the completion of the transaction, the chief executive officer directly owned 844,052 shares of the company’s stock, valued at $7,512,062.80. The trade was a 3.44% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. 1.13% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On DXC Technology

Several hedge funds have recently modified their holdings of DXC. Royal Bank of Canada lifted its stake in shares of DXC Technology by 156.3% during the first quarter. Royal Bank of Canada now owns 99,930 shares of the company’s stock valued at $1,703,000 after buying an additional 60,935 shares during the period. Goldman Sachs Group Inc. raised its holdings in DXC Technology by 4.1% in the 1st 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 lifted its stake in shares of DXC Technology by 4.9% during the 1st 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 purchasing an additional 34,544 shares during the period. Creative Planning boosted its holdings in shares of DXC Technology by 83.9% during the second quarter. Creative Planning now owns 21,863 shares of the company’s stock worth $334,000 after purchasing an additional 9,972 shares during the last quarter. Finally, EverSource Wealth Advisors LLC boosted its holdings in shares of DXC Technology by 240.6% during the second quarter. EverSource Wealth Advisors LLC now owns 1,737 shares of the company’s stock worth $27,000 after purchasing an additional 1,227 shares during the last quarter. 96.20% of the stock is owned by institutional investors and hedge funds.

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.