DXC Technology (NYSE:DXC) Trading Down 2.7% – Should You Sell?

by · The Markets Daily

DXC Technology (NYSE:DXC – Get Free Report) traded down 2.7% during mid-day trading on Friday . The stock traded as low as $20.56 and last traded at $20.92. 475,661 shares changed hands during mid-day trading, a decline of 76% from the average session volume of 2,011,961 shares. The stock had previously closed at $21.49.

Analyst Upgrades and Downgrades

A number of analysts have commented on DXC shares. BMO Capital Markets boosted their price target on shares of DXC Technology from $22.00 to $25.00 and gave the company a “market perform” rating in a research note on Monday, November 11th. Susquehanna boosted their target price on shares of DXC Technology from $19.00 to $23.00 and gave the stock a “neutral” rating in a research report on Friday, November 8th. Finally, JPMorgan Chase & Co. raised their price target on shares of DXC Technology from $19.00 to $22.00 and gave the company an “underweight” rating in a research report on Friday, September 6th. Two investment analysts have rated the stock with a sell rating and seven have assigned a hold rating to the company’s stock. According to MarketBeat.com, DXC Technology currently has a consensus rating of “Hold” and an average target price of $20.89.

View Our Latest Stock Report on DXC Technology

DXC Technology Stock Down 3.9 %

The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 1.18. The firm has a market capitalization of $3.74 billion, a P/E ratio of 258.28, a P/E/G ratio of 1.40 and a beta of 1.65. The stock’s 50-day simple moving average is $21.33 and its 200-day simple moving average is $20.13.

DXC Technology (NYSE:DXC – Get Free Report) last released its earnings results on Thursday, November 7th. The company reported $0.93 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.72 by $0.21. The company had revenue of $3.24 billion during the quarter, compared to analyst estimates of $3.21 billion. DXC Technology had a return on equity of 20.42% and a net margin of 0.18%. During the same period in the prior year, the company posted $0.70 earnings per share. As a group, research analysts predict that DXC Technology will post 3.18 earnings per share for the current fiscal year.

Institutional Trading of DXC Technology

Large investors have recently added to or reduced their stakes in the stock. William B. Walkup & Associates Inc. purchased a new stake in DXC Technology in the second quarter worth $26,000. Fifth Third Bancorp grew its stake in shares of DXC Technology by 40.1% during the 2nd quarter. Fifth Third Bancorp now owns 1,954 shares of the company’s stock worth $37,000 after acquiring an additional 559 shares during the period. Family Firm Inc. bought a new position in shares of DXC Technology during the 2nd quarter worth $37,000. Matrix Trust Co purchased a new stake in DXC Technology in the 3rd quarter worth about $43,000. Finally, Prospera Private Wealth LLC bought a new stake in DXC Technology in the 3rd quarter valued at about $49,000. Hedge funds and other institutional investors own 96.20% of the company’s stock.

DXC Technology Company Profile

(Get Free Report)

DXC Technology Company, together with its subsidiaries, provides information technology services and solutions 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).

Featured Articles