DXC Technology Company. (NYSE:DXC) Receives Consensus Recommendation of "Reduce" from Brokerages

Key Points

• Analysts have assigned DXC a consensus "Reduce" rating from 11 firms (3 sell, 8 hold) with an average 12‑month price target of $14.63.
• DXC beat quarterly expectations with EPS of $0.96 vs. $0.83 and revenue of $3.19B vs. $3.18B, though revenue was down 1% year‑over‑year; the stock trades around $12.71 with a 52‑week range of $11.54–$17.26 and a market cap of $2.16B.
• CEO Raul J. Fernandez bought 16,446 shares at about $15.24 (≈$250k), while institutional investors own roughly 96.2% of the stock.

DXC Technology Company. (NYSE:DXC - Get Free Report) has been assigned a consensus recommendation of "Reduce" from the eleven ratings firms that are currently covering the firm, Marketbeat.com reports. Three analysts have rated the stock with a sell rating and eight have assigned a hold rating to the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is $14.6250.

A number of analysts have recently weighed in on DXC shares. BMO Capital Markets raised their price target on shares of DXC Technology from $15.00 to $17.00 and gave the company a "market perform" rating in a report on Tuesday, February 3rd. Zacks Research cut shares of DXC Technology from a "strong-buy" rating to a "hold" rating in a report on Tuesday, March 3rd. Wall Street Zen cut shares of DXC Technology from a "buy" rating to a "hold" rating in a report on Saturday, March 28th. TD Cowen lowered their price target on shares of DXC Technology from $15.00 to $14.00 and set a "hold" rating on the stock in a report on Monday. Finally, Wolfe Research set a $13.00 price target on shares of DXC Technology and gave the company an "underperform" rating in a report on Friday, January 30th.

DXC Technology Stock Down 0.1%

NYSE:DXC opened at $12.71 on Thursday. DXC Technology has a fifty-two week low of $11.54 and a fifty-two week high of $17.26. The stock has a market capitalization of $2.16 billion, a P/E ratio of 5.45 and a beta of 1.00. The company has a debt-to-equity ratio of 0.91, a quick ratio of 1.35 and a current ratio of 1.35. The company's 50-day simple moving average is $12.84 and its 200-day simple moving average is $13.58.

DXC Technology (NYSE:DXC - Get Free Report) last released its quarterly earnings results on Thursday, January 29th. The company reported $0.96 earnings per share for the quarter, beating analysts' consensus estimates of $0.83 by $0.13. DXC Technology had a net margin of 3.34% and a return on equity of 17.56%. The business had revenue of $3.19 billion for the quarter, compared to analysts' expectations of $3.18 billion. During the same period last year, the business earned $0.92 EPS. The company's revenue was down 1.0% compared to the same quarter last year. On average, equities analysts anticipate that DXC Technology will post 3.35 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, CEO Raul J. Fernandez bought 16,446 shares of the stock in a transaction that occurred on Monday, February 2nd. The stock was bought at an average cost of $15.24 per share, for a total transaction of $250,637.04. Following the purchase, the chief executive officer directly owned 816,001 shares of the company's stock, valued at approximately $12,435,855.24. This trade represents a 2.06% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 0.61% of the stock is owned by company insiders.

Institutional Trading of DXC Technology

A number of institutional investors have recently bought and sold shares of the stock. Corient Private Wealth LLC boosted its stake in DXC Technology by 75.6% in the 4th quarter. Corient Private Wealth LLC now owns 61,304 shares of the company's stock worth $898,000 after purchasing an additional 26,394 shares in the last quarter. Villanova Investment Management Co LLC boosted its stake in DXC Technology by 6.2% in the 4th quarter. Villanova Investment Management Co LLC now owns 176,028 shares of the company's stock worth $2,579,000 after purchasing an additional 10,316 shares in the last quarter. DGS Capital Management LLC acquired a new stake in DXC Technology in the 4th quarter worth approximately $224,000. Caitlin John LLC boosted its stake in DXC Technology by 358.0% in the 4th quarter. Caitlin John LLC now owns 3,224 shares of the company's stock worth $49,000 after purchasing an additional 2,520 shares in the last quarter. Finally, Vident Advisory LLC boosted its stake in DXC Technology by 5.4% in the 4th quarter. Vident Advisory LLC now owns 91,284 shares of the company's stock worth $1,337,000 after purchasing an additional 4,697 shares in the last quarter. 96.20% of the stock is currently 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.