DXC Technology Company. (NYSE:DXC) Stock Now Rated "Reduce" by Wall Street Analysts

Key Points

• DXC Technology has a consensus “Reduce” rating from nine analysts: two recommend selling and seven recommend holding. The average 12-month price target is $12.21, versus a recent share price of $10.83.
• The company’s latest quarterly results were mixed: EPS of $0.40 missed estimates by $0.01, while revenue of $3.0 billion slightly exceeded expectations. Revenue declined 5% year over year, and EPS fell from $0.68 in the prior-year quarter.
• Institutional investors own 96.2% of DXC’s shares. Major holders including BlackRock and State Street increased their positions during the reported periods, despite the stock trading well below its 52-week high of $15.68.

Shares of DXC Technology Company. (NYSE:DXC - Get Free Report) have earned a consensus rating of "Reduce" from the nine ratings firms that are currently covering the firm, MarketBeat.com reports. Two analysts have rated the stock with a sell rating and seven have assigned a hold rating to the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $12.21.

DXC has been the subject of a number of analyst reports. Weiss Ratings reaffirmed a "sell (d)" rating on shares of DXC Technology in a report on Friday, August 7th. Stifel Nicolaus cut their price objective on DXC Technology from $12.00 to $10.50 and set a "hold" rating for the company in a research report on Friday, July 31st. Zacks Research raised DXC Technology from a "strong sell" rating to a "hold" rating in a research note on Monday, July 13th. Royal Bank Of Canada decreased their target price on DXC Technology from $16.00 to $14.00 and set a "sector perform" rating on the stock in a research report on Friday, July 31st. Finally, TD Cowen lifted their price target on shares of DXC Technology from $10.00 to $12.00 and gave the company a "hold" rating in a research note on Monday, August 3rd.

Institutional Trading of DXC Technology

Hedge funds have recently bought and sold shares of the business. BlackRock Inc. boosted its stake in DXC Technology by 21.5% during the second quarter. BlackRock Inc. now owns 28,276,735 shares of the company's stock worth $250,249,000 after buying an additional 4,994,936 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in shares of DXC Technology by 2.6% in the 1st 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 last quarter. State Street Corp increased its stake in shares of DXC Technology by 25.0% in the 2nd quarter. State Street Corp now owns 7,683,280 shares of the company's stock worth $67,997,000 after acquiring an additional 1,536,243 shares during the last quarter. Nykredit A S purchased a new position in shares of DXC Technology during the 2nd quarter worth $51,580,000. Finally, Allianz Asset Management GmbH raised its holdings in shares of DXC Technology by 58.3% during the 2nd quarter. Allianz Asset Management GmbH now owns 1,564,754 shares of the company's stock worth $13,848,000 after acquiring an additional 576,353 shares during the period. Institutional investors and hedge funds own 96.20% of the company's stock.

DXC Technology Stock Performance

Shares of DXC Technology stock opened at $10.83 on Thursday. The firm has a market capitalization of $1.73 billion, a P/E ratio of 15.47 and a beta of 0.80. The company has a quick ratio of 1.41, a current ratio of 1.41 and a debt-to-equity ratio of 0.90. The company has a 50 day moving average price of $10.98 and a 200 day moving average price of $10.61. DXC Technology has a 52 week low of $7.90 and a 52 week high of $15.68.

DXC Technology (NYSE:DXC - Get Free Report) last released its earnings results on Thursday, July 30th. The company reported $0.40 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.41 by ($0.01). The firm had revenue of $3 billion during the quarter, compared to analyst estimates 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 was down 5.0% on a year-over-year basis. During the same period in the previous year, the company earned $0.68 earnings per share. DXC Technology has set its Q2 2027 guidance at 0.550-0.550 EPS. Sell-side analysts expect that DXC Technology will post 2.61 EPS for the current year.

About DXC Technology

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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