In yesterday’s Wall Street session, DXC Technology Company (NYSE:DXC) shares traded at $19.32, up 1.15% from the previous session.
15 analysts cover DXC Technology Company (NYSE:DXC), according to research data. The consensus rating among analysts is ‘Hold’. As we calculate the median target price by taking the range between a high of $30.00 and a low of $21.00, we find $25.00. Given the previous closing price of $19.10, this indicates a potential upside of 30.89 percent. DXC stock price is now -27.41% away from the 50-day moving average and -27.70% away from the 200-day moving average. The market capitalization of the company currently stands at $4.02B.
The stock has received a hold rating from 13 analysts and a buy rating from 0. Brokers who have rated the stock have averaged $25.00 as their price target over the next twelve months.
With the price target reduced from $34 to $25, TD Cowen Downgraded its rating from Outperform to Market Perform for DXC Technology Company (NYSE: DXC).
In other news, DECKELMAN WILLIAM L JR, EVP & General Counsel sold 33,331 shares of the company’s stock on Feb 09. The stock was sold for $968,282 at an average price of $29.05. Upon completion of the transaction, the EVP & General Counsel now directly owns 157,128 shares in the company, valued at $3.04 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Nov 23, Director FERNANDEZ RAUL J sold 5,000 shares of the business’s stock. A total of $148,750 was realized by selling the stock at an average price of $29.75. This leaves the insider owning 47,092 shares of the company worth $0.91 million. Insiders disposed of 747,632 shares of company stock worth roughly $14.44 million over the past 1 year. A total of 0.50% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in DXC stock. A new stake in DXC Technology Company shares was purchased by CHURCHILL MANAGEMENT CORP during the first quarter worth $10,309,000. ASSENAGON ASSET MANAGEMENT S.A. invested $2,966,000 in shares of DXC during the first quarter. In the first quarter, SHELTON CAPITAL MANAGEMENT acquired a new stake in DXC Technology Company valued at approximately $2,789,000. PINEBRIDGE INVESTMENTS, L.P. acquired a new stake in DXC for approximately $1,734,000. SG AMERICAS SECURITIES, LLC purchased a new stake in DXC valued at around $1,704,000 in the second quarter. In total, there are 709 active investors with 94.40% ownership of the company’s stock.
On Friday morning DXC Technology Company (NYSE: DXC) stock kicked off with the opening price of $19.15. During the past 12 months, DXC Technology Company has had a low of $18.61 and a high of $30.27. As of last week, the company has a debt-to-equity ratio of 1.40, a current ratio of 1.10, and a quick ratio of 1.10. The fifty day moving average price for DXC is $26.51 and a two-hundred day moving average price translates $26.68 for the stock.
The latest earnings results from DXC Technology Company (NYSE: DXC) was released for Jun, 2023. According to the Information Technology Services Company, earnings per share came in at $0.63, missing analysts’ expectations of $0.82 by -0.19. This compares to $0.43 EPS in the same period last year. The net profit margin was -4.50% and return on equity was -15.80% for DXC. The company reported revenue of $3.45 billion for the quarter, compared to $3.71 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -7.04 percent. For the current quarter, analysts expect DXC to generate $3.45B in revenue.
Moreover, the firm recently paid out its quarterly dividend on 04/14/2020. Investors who held shares on 03/25/2020 were paid a $0.21 dividend.
