DXC Technology Company. (NYSE:DXC) Receives Average Recommendation of “Reduce” from Brokerages

Shares of DXC Technology Company. (NYSE:DXC) have been given a consensus recommendation of “Reduce” by the ten brokerages that are currently covering the company, Marketbeat reports. Four analysts have rated the stock with a sell recommendation and six have assigned a hold recommendation to the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is $12.75.

A number of equities analysts have recently commented on DXC shares. Morgan Stanley decreased their price target on shares of DXC Technology from $15.00 to $9.00 and set an “equal weight” rating on the stock in a report on Thursday, May 14th. Wolfe Research set a $13.00 target price on shares of DXC Technology and gave the stock an “underperform” rating in a research report on Friday, January 30th. Weiss Ratings cut DXC Technology from a “sell (d+)” rating to a “sell (d)” rating in a research note on Monday, May 11th. TD Cowen lowered their price target on DXC Technology from $15.00 to $14.00 and set a “hold” rating on the stock in a research report on Monday, April 6th. Finally, Zacks Research cut DXC Technology from a “hold” rating to a “strong sell” rating in a report on Tuesday, May 12th.

Insiders Place Their Bets

In other news, CEO Raul J. Fernandez bought 28,051 shares of the business’s stock in a transaction on Monday, May 11th. The stock was acquired at an average price of $8.90 per share, with a total value of $249,653.90. Following the completion of the purchase, the chief executive officer directly owned 844,052 shares in the company, valued at $7,512,062.80. This represents 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. 0.61% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the business. EverSource Wealth Advisors LLC lifted its holdings in shares of DXC Technology by 240.6% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,737 shares of the company’s stock worth $27,000 after acquiring an additional 1,227 shares during the last quarter. Danske Bank A S grew its holdings in shares of DXC Technology by 280.0% during the 4th quarter. Danske Bank A S now owns 1,900 shares of the company’s stock valued at $28,000 after purchasing an additional 1,400 shares during the last quarter. Fifth Third Bancorp raised its position in DXC Technology by 116.0% in the 4th quarter. Fifth Third Bancorp now owns 2,102 shares of the company’s stock worth $31,000 after purchasing an additional 1,129 shares during the period. Hantz Financial Services Inc. raised its position in DXC Technology by 110.5% in the 4th quarter. Hantz Financial Services Inc. now owns 2,185 shares of the company’s stock worth $32,000 after purchasing an additional 1,147 shares during the period. Finally, CIBC Private Wealth Group LLC lifted its stake in DXC Technology by 13,258.8% in the fourth quarter. CIBC Private Wealth Group LLC now owns 2,271 shares of the company’s stock worth $33,000 after purchasing an additional 2,254 shares during the last quarter. 96.20% of the stock is owned by hedge funds and other institutional investors.

DXC Technology Stock Down 0.9%

Shares of NYSE DXC opened at $9.26 on Friday. DXC Technology has a 12 month low of $7.90 and a 12 month high of $16.45. The company has a current ratio of 1.36, a quick ratio of 1.36 and a debt-to-equity ratio of 0.94. The firm has a market capitalization of $1.51 billion, a price-to-earnings ratio of 154.30 and a beta of 0.85. The business has a 50-day moving average of $11.26 and a 200-day moving average of $12.95.

DXC Technology (NYSE:DXC) last announced its earnings results on Thursday, May 7th. The company reported $0.77 earnings per share for the quarter, beating analysts’ consensus estimates of $0.70 by $0.07. DXC Technology had a net margin of 0.14% and a return on equity of 17.24%. The business had revenue of $3.13 billion for the quarter, compared to the consensus estimate of $3.17 billion. During the same period last year, the firm posted $0.84 earnings per share. DXC Technology’s quarterly revenue was down 1.2% on a year-over-year basis. DXC Technology has set its Q1 2027 guidance at 0.400-0.400 EPS and its FY 2027 guidance at 2.400-2.900 EPS. Sell-side analysts expect that DXC Technology will post 2.64 earnings per share for the current fiscal year.

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.