DXC Technology (NYSE: DXC – Rated ) director Raul J. Fernandez sold 5,000 shares of DXC Technology stock in trading on Wednesday, November 23rd. The stock sold at an average price of $29.75 for a total transaction value of $148,750.00. Following the transaction, the director now owns 47,092 shares of the company, worth approximately $1,400,987. The sale was disclosed in a legal filing with the Securities and Exchange Commission, which can be accessed through the SEC’s website.
DXC tech stocks rose 0.2 percent
NYSE: DXC was up 7 cents at $29.68 in midday trading Friday. The company’s shares traded at 514,642 shares compared to an average of 2,276,627 shares. The company has a debt-to-equity ratio of 0.75, a current ratio of 1.14, and a quick ratio of 1.14. The stock has a 50-day moving average of $27.62 and a 200-day moving average of $28.80. The company has a market cap of $6.83 billion, a P/E ratio of 9.67, a P/E ratio of 0.69, and a beta of 1.95. DXC Technology had a 12-month low of $22.65 and a 12-month high of $39.65.
DXC Technology (NYSE: DXC – Get Rating ) last reported quarterly earnings data on Thursday, November 3rd. The company reported earnings per share (EPS) of $0.75 for the quarter, beating analysts’ consensus estimate of $0.72 by $0.03. DXC Technology has a net profit margin of 4.93% and a return on equity of 15.59%. The business reported revenue of $3.57 billion for the quarter, compared with the consensus estimate of $3.56 billion. On average, sell-side analysts expect DXC Technology to post EPS of 3.52 for the fiscal year.
Wall Street analysts forecast growth
A number of equity analysts have recently commented on the stock. BMO Capital Markets cut their price target on DXC Technology from $36.00 to $33.00 and set an “outperform” rating on the stock in a report on Friday, November 4th. Royal Bank of Canada upped their price target on DXC Technology from $34.00 to $38.00 and gave the stock an “outperform” rating in a research report on Monday, November 7th. Cowen cut their price target on DXC Technology from $41.00 to $37.00 and set an “outperform” rating on the stock in a research report on Monday, August 15th. Citigroup cut their price target on shares of DXC Technology from $40.00 to $38.00 in a research report on Thursday, August 4th. Finally, Susquehanna downgraded shares of DXC Technology from a “positive” rating to a “neutral” rating and lowered their price target for the stock from $39.00 to $31.00 in a research report on Friday, September 16th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and four have assigned a buy rating to the stock. According to MarketBeat data, DXC Technology currently has an average rating of “hold” and an average target price of $34.91.
Institutional Investors Weigh DXC Technology
Institutional investors have recently increased or decreased their stakes in the company. NA, a private trust, purchased a new position at DXC Technology in the second quarter for approximately $25,000. Concord Wealth Partners increased its stake in DXC Technology by 169.1% in the second quarter. Concord Wealth Partners now owns 993 shares of the company worth $30,000 after acquiring an additional 624 shares last quarter. Ellevest increased its stake in DXC Technology by 264.1% in the third quarter. Ellevest now owns 1,398 shares of the company worth $34,000 after acquiring an additional 1,014 shares last quarter. EverSource Wealth Advisors LLC increased its stake in DXC Technology by 66.4% in the second quarter. EverSource Wealth Advisors LLC now owns 1,403 shares of the company worth $42,000 after acquiring an additional 560 shares last quarter. Finally, asset management companies. Ltd. increased its stake in DXC Technology by 30.0% in the third quarter. Asset Management One Inc. now owns 1,832 shares of the company worth $44,000 after acquiring an additional 423 shares last quarter. 87.01% of the shares are held by institutional investors.
DXC Technology Company Profile
DXC Technology Company and its subsidiaries provide information technology services and solutions primarily in North America, Europe, Asia and Australia. It is divided into two parts: Global Business Services (GBS) and Global Infrastructure Services (GIS). The GBS segment offers a range of analytics services and an extensive partner ecosystem to help its clients gain rapid insights, automate operations and accelerate their digital transformation journeys; as well as software engineering, consulting and data analytics solutions that enable businesses to run and manage its mission-critical functions, transform the way it operates, and develop new ways of doing business.
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