DXC Technology (NYSE:DXC) Trading Down 3.3% - Time to Sell?

DXC Technology Company. (NYSE:DXC - Get Free Report) fell 3.3% during trading on Wednesday . The company traded as low as $15.15 and last traded at $15.04. 568,320 shares traded hands during trading, a decline of 62% from the average session volume of 1,499,464 shares. The stock had previously closed at $15.56.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on DXC shares. BMO Capital Markets dropped their target price on DXC Technology from $26.00 to $17.00 and set a "market perform" rating on the stock in a research report on Thursday, May 15th. Susquehanna cut their target price on DXC Technology from $23.00 to $16.00 and set a "neutral" rating on the stock in a research report on Wednesday, April 23rd. Morgan Stanley dropped their target price on shares of DXC Technology from $22.00 to $16.00 and set an "equal weight" rating for the company in a research report on Thursday, May 15th. Royal Bank Of Canada reduced their price target on shares of DXC Technology from $27.00 to $18.00 and set a "sector perform" rating on the stock in a research report on Thursday, May 15th. Finally, Guggenheim reissued a "neutral" rating on shares of DXC Technology in a report on Monday, May 12th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and one has given a buy rating to the stock. According to MarketBeat, the company has an average rating of "Hold" and a consensus target price of $17.00.

DXC Technology Stock Performance

The stock's 50-day moving average price is $15.36 and its 200-day moving average price is $17.95. The company has a current ratio of 1.22, a quick ratio of 1.22 and a debt-to-equity ratio of 0.86. The company has a market capitalization of $2.58 billion, a P/E ratio of 6.75, a P/E/G ratio of 3.75 and a beta of 1.22.

DXC Technology (NYSE:DXC - Get Free Report) last released its quarterly earnings data on Wednesday, May 14th. The company reported $0.84 earnings per share for the quarter, topping the consensus estimate of $0.76 by $0.08. DXC Technology had a net margin of 3.02% and a return on equity of 19.36%. The firm had revenue of $3.17 billion for the quarter, compared to analyst estimates of $3.13 billion. During the same quarter in the prior year, the business earned $0.97 earnings per share. DXC Technology's quarterly revenue was down 6.4% on a year-over-year basis. As a group, equities analysts expect that DXC Technology Company. will post 3.35 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in DXC. Byrne Asset Management LLC bought a new stake in DXC Technology in the first quarter valued at $33,000. Meeder Asset Management Inc. acquired a new stake in shares of DXC Technology in the 4th quarter worth about $55,000. Wealthquest Corp bought a new stake in DXC Technology in the 1st quarter valued at about $49,000. Smartleaf Asset Management LLC boosted its stake in DXC Technology by 366.4% during the 4th quarter. Smartleaf Asset Management LLC now owns 2,999 shares of the company's stock valued at $60,000 after purchasing an additional 2,356 shares during the period. Finally, Quarry LP boosted its stake in DXC Technology by 604.1% during the 4th quarter. Quarry LP now owns 3,978 shares of the company's stock valued at $79,000 after purchasing an additional 3,413 shares during the period. 96.20% of the stock is currently owned by institutional investors.

About DXC Technology

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).