DXC Technology Co (NYSE:DXC), a leading independent end-to-end IT services company, reported insider selling, according to a recent SEC filing. His DECKELMAN WILLIAM L JR, EVP and General Counsel sold 36,204 shares of the company's stock on March 1, 2024. The transaction was disclosed in a legal filing with the Securities and Exchange Commission, which can be accessed through this SEC filing. Over the past year, the insider has sold a total of 111,204 shares of his DXC Technology Co stock, but did not buy any shares. The recent sales further contribute to the trend observed over the past year, where there were no insider buys in the company, but two insider sells.
The stock was sold at a price of $21.81 per share, making the transaction worth a significant amount of money and impacting the company's stake in the company. With this transaction, DXC Technology Co's market capitalization now stands at $3.79 billion. In terms of valuation, DXC Technology Co's stock is currently trading below the company's estimated GuruFocus Value (GF Value). The GF value is $31.27, suggesting the stock may be undervalued. The price to GF value ratio is 0.7, indicating that this stock could be a value trap and should be used with caution before investing.
GF Value is determined by considering historical trading multiples such as price-to-earnings ratio, price-to-sales ratio, price-to-book ratio, and price-to-free cash flow, in addition to GuruFocus adjustment factors based on a company's past earnings and growth. Masu. , Morningstar analysts' forecasts of future performance. Investors and analysts often monitor insider transactions as they can provide insight into a company's performance and an insider's perspective on the value of a stock. The recent sale by DECKELMAN WILLIAM L JR may attract market attention as stakeholders assess the impact of this insider activity on their investment decisions.
This article created by GuruFocus is intended to provide general insight and is not intended as financial advice. Our commentary is based on historical data and analyst forecasts using an unbiased methodology and is not intended to serve as specific investment guidance. It does not constitute a recommendation to buy or sell stocks, and does not take into account your individual investment objectives or financial situation. Our objective is to provide fundamental data-driven analysis over time. Please note that our analysis may not incorporate the latest announcements or qualitative information from price-sensitive companies. GuruFocus has no position in the stocks mentioned herein.
This article first appeared on GuruFocus.
