DXC Technology (NYSE:DXC – Get Free Report) shares hit a new 52-week low on Friday. The stock fell to a low of $15.41 and was last traded at $15.50 on trading volume of 661,441 shares. The stock last closed at $15.94.
Wall Street analysts predict growth
Several stock analysts have provided their opinions on the stock. Guggenheim covered shares of DXC Technology in a report on Tuesday, March 19th and set a “neutral” rating and a $22.00 price target for the company. Susquehanna lowered their price target on DXC Technology from $22.00 to $15.00 and set a “neutral” rating for the company in a report on Friday, May 17th. TD Cowen lowered their price target on DXC Technology from $22.00 to $18.00 and set a “hold” rating for the company in a report on Tuesday, May 21st. Morgan Stanley lowered their price target on DXC Technology from $21.00 to $18.00 and set an “equal weight” rating for the company in a report on Friday, May 17th. Finally, BMO Capital Markets lowered their price objective on DXC Technology from $23.00 to $17.50 and rated the company “in line with the market average” in a report on Friday, May 17th. Three research analysts have rated the stock with a sell rating, and eight have rated it with a hold rating. According to MarketBeat data, the company currently has an average rating of “hold” and an average target price of $19.77.
View the latest stock report on DXC Technology
DXC Technology trading fell 1.9%
The company's 50-day moving average is $19.85 and its 200-day moving average is $21.56.The stock has a market capitalization of $2.8 billion, a price-to-earnings ratio (PE) of 42.24, a price-to-earnings ratio (PEG) of 1.82 and a beta of 1.85.The company has a quick ratio of 1.11, a current ratio of 1.17 and a debt-to-equity ratio of 1.25.
DXC Technology (NYSE:DXC – get free report ) announced its latest earnings results on Thursday, May 16th. The company reported quarterly earnings per share (EPS) of $0.97, beating analysts' consensus estimates of $0.83 by $0.14. DXC Technology had net margins of 0.67%, and return on equity of 18.43%. The company's revenue for the quarter was $3.39 billion, beating the consensus estimate of $3.37 billion. Year-ago earnings per share were $1.02. DXC Technology's revenue was down 5.6% year-over-year. As a group, analysts expect DXC Technology to post EPS of $2.73 for the current fiscal year.
Internal Activities at DXC Technology
In other DXC Technology news, Executive Vice President William L. Deckelman Jr. sold 18,102 shares of DXC Technology stock in a transaction that occurred on Thursday, February 29th. The shares were sold at an average price of $21.73, for a total transaction value of $393,356.46. With this transaction, the Executive Vice President now directly owns 124,806 shares of the company's stock, valued at $2,712,034.38. The sale was disclosed in a filing with the SEC, which is available at this link. 0.87% of the shares are owned by insiders.
Institutional investor inflows and outflows
Hedge funds and other institutional investors have recently bought and sold shares of the company. Versant Capital Management Inc increased its holdings in shares of DXC Technology by 3,525.9% in the fourth quarter. Versant Capital Management Inc now owns 2,103 shares of the company's stock valued at $48,000 after purchasing an additional 2,045 shares in the last quarter. GAMMA Investing LLC acquired a new stake in DXC Technology in the fourth quarter valued at $49,000. Quarry LP acquired a new stake in DXC Technology in the fourth quarter valued at $51,000. Headlands Technologies LLC acquired a new stake in DXC Technology in the third quarter valued at $67,000. Finally, NBC Securities Inc acquired a new stake in DXC Technology in the third quarter valued at $94,000. 96.20% of the stock is owned by institutional investors and hedge funds.
DXC Technology Company Profile
(Get your free report)
DXC Technology, together with its subsidiaries, provides information technology services and solutions in the United States, the United Kingdom, other European countries, Australia, and internationally. The company operates through two segments: Global Business Services (GBS) and Global Infrastructure Services (GIS).
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