DXC Technology (NYSE:DXC) Hits New 52-Week Low - Here's What Happened

DXC Technology (NYSE:DXC - Get Free Report)'s share price reached a new 52-week low during trading on Thursday . The company traded as low as $13.44 and last traded at $15.56, with a volume of 3533900 shares traded. The stock had previously closed at $14.10.

Analyst Ratings Changes

Separately, Morgan Stanley boosted their price objective on DXC Technology from $20.00 to $22.00 and gave the company an "equal weight" rating in a research note on Friday, January 31st. One analyst has rated the stock with a sell rating and six have issued a hold rating to the stock. According to MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $21.29.

DXC Technology Price Performance

The company has a debt-to-equity ratio of 1.12, a current ratio of 1.34 and a quick ratio of 1.34. The firm has a market capitalization of $2.68 billion, a PE ratio of -35.26, a P/E/G ratio of 1.16 and a beta of 1.37. The business's 50 day moving average is $17.78 and its two-hundred day moving average is $19.88.

DXC Technology (NYSE:DXC - Get Free Report) last posted its quarterly earnings data on Tuesday, February 4th. The company reported $0.92 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.69 by $0.23. DXC Technology had a negative net margin of 0.57% and a positive return on equity of 20.70%. As a group, research analysts anticipate that DXC Technology will post 3.35 EPS for the current year.

Institutional Trading of DXC Technology

Several hedge funds and other institutional investors have recently bought and sold shares of the company. US Bancorp DE increased its holdings in shares of DXC Technology by 17.3% in the fourth quarter. US Bancorp DE now owns 13,406 shares of the company's stock worth $268,000 after buying an additional 1,977 shares during the period. Principal Financial Group Inc. boosted its position in DXC Technology by 3.0% during the 4th quarter. Principal Financial Group Inc. now owns 877,399 shares of the company's stock valued at $17,530,000 after acquiring an additional 25,573 shares in the last quarter. Royce & Associates LP grew its stake in DXC Technology by 35.7% in the fourth quarter. Royce & Associates LP now owns 124,813 shares of the company's stock worth $2,494,000 after purchasing an additional 32,842 shares during the period. State of Alaska Department of Revenue raised its holdings in DXC Technology by 86.9% in the fourth quarter. State of Alaska Department of Revenue now owns 192,880 shares of the company's stock worth $3,853,000 after purchasing an additional 89,698 shares in the last quarter. Finally, Victory Capital Management Inc. boosted its holdings in shares of DXC Technology by 22.4% during the 4th quarter. Victory Capital Management Inc. now owns 91,980 shares of the company's stock valued at $1,838,000 after buying an additional 16,850 shares in the last quarter. Hedge funds and other institutional investors own 96.20% of the company's stock.

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).