The stock of DXC Technology Company (NYSE:DXC) last traded at $20.69, unchanged from the previous session.
Data from the available sources indicates that DXC Technology Company (NYSE:DXC) is covered by 15 analysts. 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 $20.69, this indicates a potential upside of 20.83 percent. DXC stock price is now -11.36% away from the 50-day moving average and -18.98% away from the 200-day moving average. The market capitalization of the company currently stands at $4.25B.
In total, 13 analysts have assigned it a hold rating, and 0 have given it a buy rating. Brokers who have rated the stock have averaged $24.92 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 75,000 shares of the company’s stock on Aug 24. The stock was sold for $1,554,195 at an average price of $20.72. Upon completion of the transaction, the EVP & General Counsel now directly owns 142,908 shares in the company, valued at $2.96 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Feb 09, EVP & General Counsel DECKELMAN WILLIAM L JR sold 33,331 shares of the business’s stock. A total of $968,282 was realized by selling the stock at an average price of $29.05. This leaves the insider owning 157,128 shares of the company worth $3.25 million. Insiders disposed of 716,384 shares of company stock worth roughly $14.82 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 $11,040,000. WINTON GROUP LTD invested $5,269,000 in shares of DXC during the first quarter. In the first quarter, UNISUPER MANAGEMENT PTY LTD acquired a new stake in DXC Technology Company valued at approximately $5,244,000. ASSENAGON ASSET MANAGEMENT S.A. acquired a new stake in DXC for approximately $3,176,000. SCHRODER INVESTMENT MANAGEMENT GROUP purchased a new stake in DXC valued at around $2,049,000 in the second quarter. In total, there are 709 active investors with 94.40% ownership of the company’s stock.
With an opening price of $20.60 on Friday morning, DXC Technology Company (NYSE: DXC) set off the trading day. 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 $23.23 and a two-hundred day moving average price translates $25.50 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 $3.44B 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.
DXC Technology Company(DXC) Company Profile
DXC Technology Company, together with its subsidiaries, provides information technology services and solutions primarily 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). The GBS segment offers a portfolio of analytics services and extensive partner ecosystem that help its customers to gain rapid insights, automate operations, and accelerate their transformation journeys; and software engineering, consulting, and data analytics solutions that enable businesses to run and manage their mission-critical functions, transform their operations, and develop new ways of doing business. It also simplifies, modernize, and accelerate mission-critical applications that support business agility and growth through applications services. In addition, this segment provides proprietary modular insurance software and platforms; and operates spectrum of insurance business process services, as well as operates bank cards, payment and lending process, and customer experiences. The GIS segment provides security services, such as IT security, operations and culture for the cloud, protecting data with a zero-trust strategy, and manage a security operation center; and cloud infrastructure and IT outsourcing services. It also delivers a consumer-like experience, centralize IT management, and support services, as well as improve the total cost of ownership. In addition, it markets and sells its products through direct sales force to commercial businesses and public sector enterprises. DXC Technology Company was founded in 1959 and is headquartered in Ashburn, Virginia.
