Weiss Ratings Reiterates Sell (D) Rating for DXC Technology (NYSE:DXC)

Key Points

• Weiss Ratings has reiterated its "sell" rating for DXC Technology, indicating continued concern regarding the company's stock performance.
• While Weiss maintains a bearish stance, Wall Street Zen recently upgraded DXC Technology from "hold" to "buy," showing a divergence in analyst opinions.
• As of the latest reports, DXC Technology has an average target price of $15.60 and a market capitalization of $2.43 billion, reflecting its current trading challenges.

DXC Technology (NYSE:DXC - Get Free Report)'s stock had its "sell (d)" rating restated by Weiss Ratings in a research report issued on Friday,Weiss Ratings reports.

A number of other brokerages have also commented on DXC. Wall Street Zen upgraded DXC Technology from a "hold" rating to a "buy" rating in a report on Sunday, July 20th. Royal Bank Of Canada cut their price target on shares of DXC Technology from $18.00 to $16.00 and set a "sector perform" rating on the stock in a report on Friday, August 1st. Morgan Stanley reduced their price target on shares of DXC Technology from $16.00 to $15.00 and set an "equal weight" rating for the company in a research report on Friday, August 1st. Finally, JPMorgan Chase & Co. lowered their price objective on shares of DXC Technology from $18.00 to $14.00 and set an "underweight" rating on the stock in a research report on Wednesday, August 20th. Five equities research analysts have rated the stock with a Hold rating and two have issued a Sell rating to the company's stock. Based on data from MarketBeat, DXC Technology presently has an average rating of "Reduce" and an average target price of $15.60.

DXC Technology Price Performance

Shares of NYSE:DXC opened at $13.56 on Friday. The company has a current ratio of 1.22, a quick ratio of 1.22 and a debt-to-equity ratio of 0.90. The stock's fifty day simple moving average is $13.83 and its two-hundred day simple moving average is $14.56. DXC Technology has a 1-year low of $12.24 and a 1-year high of $24.83. The stock has a market cap of $2.43 billion, a PE ratio of 6.58 and a beta of 1.12.

DXC Technology (NYSE:DXC - Get Free Report) last posted its earnings results on Thursday, July 31st. The company reported $0.68 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.64 by $0.04. DXC Technology had a net margin of 2.96% and a return on equity of 18.59%. The firm had revenue of $3.16 billion during the quarter, compared to analyst estimates of $3.06 billion. During the same quarter in the prior year, the business posted $0.74 EPS. The business's revenue was down 2.4% compared to the same quarter last year. DXC Technology has set its Q2 2026 guidance at 0.650-0.750 EPS. FY 2026 guidance at 2.850-3.350 EPS. As a group, analysts forecast that DXC Technology will post 3.35 EPS for the current fiscal year.

Insider Activity

In other news, SVP Christopher Anthony Voci sold 2,500 shares of the company's stock in a transaction dated Thursday, September 11th. The stock was sold at an average price of $14.52, for a total transaction of $36,300.00. Following the sale, the senior vice president directly owned 91,105 shares in the company, valued at $1,322,844.60. This represents a 2.67% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Insiders own 0.61% of the company's stock.

Hedge Funds Weigh In On DXC Technology

A number of institutional investors have recently made changes to their positions in DXC. Principal Financial Group Inc. lifted its holdings in shares of DXC Technology by 2.4% during the 1st quarter. Principal Financial Group Inc. now owns 898,356 shares of the company's stock worth $15,317,000 after acquiring an additional 20,957 shares during the last quarter. Nuveen LLC purchased a new stake in DXC Technology in the first quarter worth approximately $10,830,000. Jump Financial LLC purchased a new stake in DXC Technology in the first quarter worth approximately $1,898,000. XTX Topco Ltd bought a new position in DXC Technology during the first quarter valued at approximately $1,570,000. Finally, Allspring Global Investments Holdings LLC raised its stake in shares of DXC Technology by 323.4% during the first quarter. Allspring Global Investments Holdings LLC now owns 63,772 shares of the company's stock worth $1,106,000 after acquiring an additional 48,711 shares in the last quarter. Institutional investors own 96.20% of the company's stock.

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).

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