DXC Technology Company. (NYSE:DXC) Given Average Rating of “Reduce” by Brokerages

Shares of DXC Technology Company. (NYSE:DXC) have been given an average recommendation of “Reduce” by the eight analysts that are currently covering the company, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell rating and six have assigned a hold rating to the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is $15.00.

Several brokerages have recently issued reports on DXC. Susquehanna set a $14.00 price objective on shares of DXC Technology and gave the stock a “neutral” rating in a research report on Friday, October 31st. Wall Street Zen upgraded DXC Technology from a “hold” rating to a “buy” rating in a report on Sunday, November 9th. Weiss Ratings reissued a “sell (d)” rating on shares of DXC Technology in a research note on Wednesday, October 8th. JPMorgan Chase & Co. cut their price target on DXC Technology from $18.00 to $14.00 and set an “underweight” rating on the stock in a report on Wednesday, August 20th. Finally, Stifel Nicolaus reduced their price objective on DXC Technology from $15.00 to $14.00 and set a “hold” rating for the company in a research report on Friday, October 31st.

Insiders Place Their Bets

In other news, SVP Christopher Anthony Voci sold 2,500 shares of the firm’s stock in a transaction that occurred on Thursday, September 11th. The shares were sold at an average price of $14.52, for a total transaction of $36,300.00. Following the completion of the transaction, the senior vice president directly owned 91,105 shares of the company’s stock, valued at $1,322,844.60. This trade represents a 2.67% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.61% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in DXC. EverSource Wealth Advisors LLC grew its position in DXC Technology by 240.6% in the second quarter. EverSource Wealth Advisors LLC now owns 1,737 shares of the company’s stock valued at $27,000 after purchasing an additional 1,227 shares in the last quarter. Headlands Technologies LLC acquired a new position in shares of DXC Technology during the 2nd quarter worth about $39,000. Smartleaf Asset Management LLC grew its holdings in shares of DXC Technology by 38.2% in the 3rd quarter. Smartleaf Asset Management LLC now owns 2,814 shares of the company’s stock valued at $38,000 after acquiring an additional 778 shares in the last quarter. Rothschild Investment LLC increased its position in shares of DXC Technology by 609.8% in the third quarter. Rothschild Investment LLC now owns 2,981 shares of the company’s stock valued at $41,000 after acquiring an additional 2,561 shares during the last quarter. Finally, Signaturefd LLC increased its position in shares of DXC Technology by 187.3% in the second quarter. Signaturefd LLC now owns 3,054 shares of the company’s stock valued at $47,000 after acquiring an additional 1,991 shares during the last quarter. Institutional investors and hedge funds own 96.20% of the company’s stock.

DXC Technology Stock Up 2.1%

Shares of DXC Technology stock opened at $13.99 on Friday. The company has a market capitalization of $2.44 billion, a P/E ratio of 6.89 and a beta of 1.09. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.09 and a quick ratio of 1.09. The business has a 50-day moving average of $13.28 and a two-hundred day moving average of $14.13. DXC Technology has a 1 year low of $11.82 and a 1 year high of $23.75.

DXC Technology (NYSE:DXC) last issued its quarterly earnings data on Friday, October 31st. The company reported $0.84 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.71 by $0.13. DXC Technology had a return on equity of 17.83% and a net margin of 2.93%.The business had revenue of $3.16 billion during the quarter, compared to analyst estimates of $3.17 billion. During the same period in the previous year, the firm earned $0.93 EPS. DXC Technology’s quarterly revenue was down 2.5% compared to the same quarter last year. As a group, equities analysts predict that DXC Technology will post 3.35 EPS for the current year.

DXC Technology Company Profile

DXC Technology Company, together with its subsidiaries, provides information technology services and solutions in the United States, the United Kingdom, rest of Europe, Australia, and internationally. It operates in two segments, Global Business Services (GBS) and Global Infrastructure Services (GIS).