DXC Technology (NYSE:DXC) Trading Down 5.7% – What’s Next?

by · The Markets Daily

Shares of DXC Technology Company. (NYSE:DXC – Get Free Report) fell 5.7% during trading on Friday . The stock traded as low as $10.76 and last traded at $10.7850. 1,714,406 shares were traded during mid-day trading, a decline of 54% from the average daily volume of 3,695,213 shares. The stock had previously closed at $11.44.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the company. Zacks Research raised DXC Technology from a “strong sell” rating to a “hold” rating in a report on Monday, July 13th. Royal Bank Of Canada cut their target price on shares of DXC Technology from $16.00 to $14.00 and set a “sector perform” rating for the company in a research report on Friday, July 31st. Stifel Nicolaus lowered their price target on shares of DXC Technology from $12.00 to $10.50 and set a “hold” rating on the stock in a research report on Friday, July 31st. Morgan Stanley set a $12.00 target price on shares of DXC Technology in a report on Monday, August 3rd. Finally, Weiss Ratings restated a “sell (d)” rating on shares of DXC Technology in a research note on Friday, August 7th. Seven analysts have rated the stock with a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Reduce” and a consensus price target of $12.21.

Read Our Latest Research Report on DXC Technology

DXC Technology Stock 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 50 day simple moving average of $10.74 and a 200-day simple moving average of $10.72. The firm has a market cap of $1.72 billion, a PE ratio of 15.41 and a beta of 0.80.

DXC Technology (NYSE:DXC – Get Free Report) last announced its quarterly earnings data on Thursday, July 30th. The company reported $0.40 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.41 by ($0.01). The business had revenue of $3 billion during 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%. DXC Technology’s revenue for the quarter was down 5.0% on a year-over-year basis. During the same period last year, the company posted $0.68 EPS. DXC Technology has set its Q2 2027 guidance at 0.550-0.550 EPS. As a group, equities research analysts anticipate that DXC Technology Company. will post 2.61 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in DXC. BlackRock Inc. lifted its stake in shares of DXC Technology by 21.5% in the 2nd quarter. BlackRock Inc. now owns 28,276,735 shares of the company’s stock valued at $250,249,000 after purchasing an additional 4,994,936 shares during the period. Dimensional Fund Advisors LP grew its stake in shares of DXC Technology by 2.6% in the first quarter. Dimensional Fund Advisors LP now owns 10,029,966 shares of the company’s stock worth $126,068,000 after acquiring an additional 258,819 shares during the period. Nykredit A S bought a new position in shares of DXC Technology during the 2nd quarter valued at $51,580,000. Allianz Asset Management GmbH lifted its stake in shares of DXC Technology by 58.3% in the 2nd quarter. Allianz Asset Management GmbH now owns 1,564,754 shares of the company’s stock worth $13,848,000 after purchasing an additional 576,353 shares during the period. Finally, Bank of America Corp DE purchased a new stake in shares of DXC Technology in the 2nd quarter worth $11,706,000. 96.20% of the stock is owned by hedge funds and other institutional investors.

DXC Technology Company Profile

(Get Free Report)

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.

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