DXC Technology (NYSE:DXC) Reaches New 12-Month High - Still a Buy?

Key Points

• DXC Technology reached a new 52-week high of $15.68, with shares recently trading near $15.64 and well above their 50-day and 200-day moving averages.
• Analyst sentiment remains cautious: seven analysts rate the stock Hold and two rate it Sell, resulting in an average “Reduce” rating and a consensus price target of $12.21—below the current share price.
• Recent quarterly results were mixed, with revenue of $3 billion slightly exceeding estimates but EPS of $0.40 missing expectations; revenue declined 5% year over year. Institutional investors own a substantial 96.2% of the stock.

Shares of DXC Technology Company. (NYSE:DXC - Get Free Report) reached a new 52-week high during mid-day trading on Thursday. The company traded as high as $15.68 and last traded at $15.6350, with a volume of 1,310,220 shares trading hands. The stock had previously closed at $15.40.

Wall Street Analyst Weigh In

A number of analysts have commented on DXC shares. Stifel Nicolaus decreased their price objective on DXC Technology from $12.00 to $10.50 and set a "hold" rating for the company in a report on Friday, July 31st. Royal Bank Of Canada cut 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. Weiss Ratings upgraded DXC Technology from a "sell (d)" rating to a "sell (d+)" rating in a report on Tuesday, October 6th. TD Cowen upped their price target on DXC Technology from $10.00 to $12.00 and gave the stock a "hold" rating in a report on Monday, August 3rd. Finally, Zacks Research raised DXC Technology from a "strong sell" rating to a "hold" rating in a research report on Monday, July 13th. Seven investment analysts have rated the stock with a Hold rating and two have given a Sell rating to the company's stock. According to MarketBeat.com, DXC Technology currently has an average rating of "Reduce" and a consensus price target of $12.21.

DXC Technology Price Performance

The company has a market capitalization of $2.57 billion, a P/E ratio of 23.00 and a beta of 0.79. The business's 50-day moving average is $11.59 and its two-hundred day moving average is $10.70. The company has a quick ratio of 1.41, a current ratio of 1.41 and a debt-to-equity ratio of 0.90.

DXC Technology (NYSE:DXC - Get Free Report) last issued its quarterly earnings data on Thursday, July 30th. The company reported $0.40 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.41 by ($0.01). The firm had revenue of $3 billion during the quarter, compared to the consensus estimate of $2.99 billion. DXC Technology had a return on equity of 15.60% and a net margin of 0.99%. The company's revenue for the quarter was down 5.0% on a year-over-year basis. During the same period in the previous year, the company posted $0.68 earnings per share. DXC Technology has set its Q2 2027 guidance at 0.550-0.550 EPS. As a group, analysts predict that DXC Technology Company. will post 2.59 earnings per share for the current year.

Hedge Funds Weigh In On DXC Technology

Institutional investors have recently modified their holdings of the business. Nykredit A S purchased a new stake in shares of DXC Technology during the second quarter valued at approximately $51,580,000. BlackRock Inc. grew its stake in DXC Technology by 21.5% in the 2nd quarter. BlackRock Inc. now owns 28,276,735 shares of the company's stock valued at $250,249,000 after purchasing an additional 4,994,936 shares during the period. State Street Corp grew its stake in DXC Technology by 25.0% in the 2nd quarter. State Street Corp now owns 7,683,280 shares of the company's stock valued at $67,997,000 after purchasing an additional 1,536,243 shares during the period. Bank of America Corp DE bought a new position in DXC Technology in the 2nd quarter valued at $11,706,000. Finally, SEB Asset Management AB purchased a new stake in shares of DXC Technology during the 1st quarter valued at $12,103,000. 96.20% of the stock is owned by institutional investors.

About DXC Technology

DXC Technology NYSE: DXC is a global information technology services and solutions company that helps organizations modernize and manage their technology environments. Its services include consulting, application development and management, cloud migration and operations, cybersecurity, data and analytics, enterprise technology management, and workplace and end-user services.

The company serves businesses and government organizations across a range of industries, including financial services, healthcare, insurance, manufacturing, aerospace and defense, automotive, retail, and the public sector.

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.