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

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

Analyst Ratings Changes

Several research firms have commented on DXC. Susquehanna lowered their target price on shares of DXC Technology from $23.00 to $16.00 and set a "neutral" rating on the stock in a research note on Wednesday, April 23rd. 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 report on Thursday, May 15th. Guggenheim reaffirmed a "neutral" rating on shares of DXC Technology in a research note on Monday, May 12th. Wall Street Zen downgraded DXC Technology from a "buy" rating to a "hold" rating in a research note on Thursday, May 22nd. Finally, JPMorgan Chase & Co. decreased their target price on DXC Technology from $22.00 to $18.00 and set an "underweight" rating for the company in a research note on Wednesday, May 21st. One equities research analyst has rated the stock with a sell rating and six have assigned a hold rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $17.00.

DXC Technology Stock Performance

The company has a debt-to-equity ratio of 0.86, a current ratio of 1.22 and a quick ratio of 1.22. The firm has a market capitalization of $2.68 billion, a PE ratio of 7.00, a P/E/G ratio of 4.19 and a beta of 1.22. The firm has a fifty day moving average price of $15.37 and a 200 day moving average price of $18.11.

DXC Technology (NYSE:DXC - Get Free Report) last released its earnings results 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. The business had revenue of $3.17 billion for the quarter, compared to the consensus estimate of $3.13 billion. DXC Technology had a net margin of 3.02% and a return on equity of 19.36%. The firm's quarterly revenue was down 6.4% compared to the same quarter last year. During the same period last year, the firm posted $0.97 earnings per share. Research analysts anticipate that DXC Technology Company. will post 3.35 earnings per share for the current fiscal year.

Institutional Trading of DXC Technology

Several large investors have recently added to or reduced their stakes in DXC. Millennium Management LLC grew its holdings in shares of DXC Technology by 1,765.9% during the first quarter. Millennium Management LLC now owns 1,652,331 shares of the company's stock valued at $28,172,000 after buying an additional 1,563,775 shares in the last quarter. American Century Companies Inc. boosted its position in DXC Technology by 18.5% during the 4th quarter. American Century Companies Inc. now owns 5,816,970 shares of the company's stock worth $116,223,000 after acquiring an additional 907,004 shares during the period. Norges Bank purchased a new position in DXC Technology during the 4th quarter valued at about $17,399,000. LSV Asset Management increased its holdings in shares of DXC Technology by 22.7% in the 1st quarter. LSV Asset Management now owns 4,151,398 shares of the company's stock valued at $70,781,000 after purchasing an additional 769,026 shares during the period. Finally, Nuveen LLC acquired a new position in shares of DXC Technology in the 1st quarter valued at about $10,830,000. 96.20% of the stock is owned by institutional investors and hedge funds.

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).

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