Key Points
- DXC SVP Christopher Anthony Voci sold 2,500 shares on December 11 at an average price of $15.15 for $37,875, leaving him with 88,605 shares (a 2.74% reduction in his position).
- DXC's most recent quarter (reported Oct. 31) showed an EPS beat of $0.84 vs. $0.71 expected, while revenue was $3.16 billion (slightly below the $3.17 billion estimate) and down 2.5% year‑over‑year.
- The stock trades around $15.14 with a market cap of $2.64 billion and a P/E of 7.46; analysts' consensus is a "Reduce" rating with a $15 target, and institutional investors own about 96.2% of the shares.
DXC Technology Company. (NYSE:DXC - Get Free Report) SVP Christopher Anthony Voci sold 2,500 shares of the stock in a transaction dated Thursday, December 11th. The shares were sold at an average price of $15.15, for a total transaction of $37,875.00. Following the completion of the transaction, the senior vice president owned 88,605 shares of the company's stock, valued at $1,342,365.75. This represents a 2.74% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.
DXC Technology Stock Down 0.6%
DXC stock opened at $15.14 on Friday. The firm's 50-day moving average is $13.41 and its two-hundred day moving average is $14.12. The company has a market capitalization of $2.64 billion, a price-to-earnings ratio of 7.46 and a beta of 1.09. DXC Technology Company. has a 52 week low of $11.82 and a 52 week high of $23.75. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 0.71.
DXC Technology (NYSE:DXC - Get Free Report) last posted its quarterly earnings data on Friday, October 31st. The company reported $0.84 EPS for the quarter, beating analysts' consensus estimates of $0.71 by $0.13. DXC Technology had a net margin of 2.93% and a return on equity of 17.83%. The business had revenue of $3.16 billion for the quarter, compared to analyst estimates of $3.17 billion. During the same quarter last year, the business earned $0.93 earnings per share. The business's revenue for the quarter was down 2.5% on a year-over-year basis. On average, analysts forecast that DXC Technology Company. will post 3.35 earnings per share for the current fiscal year.
Wall Street Analyst Weigh In
Several analysts have recently weighed in on DXC shares. Wall Street Zen upgraded DXC Technology from a "hold" rating to a "buy" rating in a report on Sunday, November 9th. Weiss Ratings reaffirmed a "sell (d)" rating on shares of DXC Technology in a research note on Wednesday, October 8th. Susquehanna set a $14.00 target price on shares of DXC Technology and gave the stock a "neutral" rating in a report on Friday, October 31st. Stifel Nicolaus dropped their price target on DXC Technology from $15.00 to $14.00 and set a "hold" rating on the stock in a report on Friday, October 31st. Finally, JPMorgan Chase & Co. reduced their price objective on DXC Technology from $18.00 to $14.00 and set an "underweight" rating for the company in a research note on Wednesday, August 20th. Six equities research analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Reduce" and a consensus target price of $15.00.
View Our Latest Stock Analysis on DXC
Hedge Funds Weigh In On DXC Technology
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its holdings in shares of DXC Technology by 3.5% in the third quarter. Vanguard Group Inc. now owns 23,452,271 shares of the company's stock valued at $319,654,000 after purchasing an additional 800,973 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in DXC Technology by 1.6% in the 1st quarter. Dimensional Fund Advisors LP now owns 10,599,848 shares of the company's stock worth $180,725,000 after acquiring an additional 163,291 shares in the last quarter. American Century Companies Inc. boosted its position in DXC Technology by 8.5% during the 3rd quarter. American Century Companies Inc. now owns 7,591,818 shares of the company's stock worth $103,476,000 after acquiring an additional 596,475 shares during the period. State Street Corp grew its stake in DXC Technology by 2.1% during the 2nd quarter. State Street Corp now owns 6,381,982 shares of the company's stock valued at $97,581,000 after acquiring an additional 128,916 shares in the last quarter. Finally, AQR Capital Management LLC lifted its position in shares of DXC Technology by 13.5% in the third quarter. AQR Capital Management LLC now owns 4,463,367 shares of the company's stock worth $60,836,000 after purchasing an additional 529,394 shares in the last quarter. 96.20% of the stock is currently owned by hedge funds and other institutional investors.
About DXC Technology
(
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).
Further Reading
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