The stock of DXC Technology Company (NYSE:DXC) last traded at $27.65, down -0.18% 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 $35.00 and a low of $25.00, we find $28.50. Given the previous closing price of $27.70, this indicates a potential upside of 2.89 percent. DXC stock price is now 4.25% away from the 50-day moving average and 3.34% away from the 200-day moving average. The market capitalization of the company currently stands at $5.89B.
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In total, 8 analysts have assigned it a hold rating, and 5 have given it a buy rating. Brokers who have rated the stock have averaged $29.33 as their price target over the next twelve months.
With the price target reduced from $32 to $28, MoffettNathanson Downgraded its rating from Market Perform to Underperform 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 $4.34 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 $1.3 million. Insiders disposed of 738,670 shares of company stock worth roughly $20.42 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 $14,754,000. ASSENAGON ASSET MANAGEMENT S.A. invested $4,245,000 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 $3,992,000. PINEBRIDGE INVESTMENTS, L.P. acquired a new stake in DXC for approximately $2,482,000. SG AMERICAS SECURITIES, LLC purchased a new stake in DXC valued at around $2,439,000 in the second quarter.
With an opening price of $27.63 on Monday morning, DXC Technology Company (NYSE: DXC) set off the trading day. During the past 12 months, DXC Technology Company has had a low of $22.11 and a high of $31.99. As of last week, the company has a debt-to-equity ratio of 1.26, a current ratio of 1.20, and a quick ratio of 1.20. The fifty day moving average price for DXC is $26.60 and a two-hundred day moving average price translates $26.76 for the stock.
The latest earnings results from DXC Technology Company (NYSE: DXC) was released for Mar, 2023. According to the Information Technology Services Company, earnings per share came in at $1.02, missing analysts’ expectations of $1.03 by -0.01. This compares to $2.14 EPS in the same period last year. The net profit margin was -3.90% and return on equity was -13.00% for DXC. The company reported revenue of $3.59 billion for the quarter, compared to $4.01 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -10.4 percent. For the current quarter, analysts expect DXC to generate $3.56B 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.
