Key Points
- DXC Technology CEO Raul Fernandez bought 28,051 shares on May 11 at $8.90 each, spending about $249,654. After the purchase, he owned 844,052 shares, a 3.44% increase in his stake.
- DXC recently beat earnings expectations with quarterly EPS of $0.77 versus the $0.70 estimate, though revenue of $3.13 billion came in slightly below forecasts and was down 1.2% year over year.
- Analysts remain cautious on the stock, with a consensus rating of “Reduce” and an average target price of $13.50; several firms have recently lowered price targets or maintained hold/sell views.
DXC Technology Company. (NYSE:DXC - Get Free Report) CEO Raul Fernandez purchased 28,051 shares of the business's stock in a transaction dated Monday, May 11th. The stock was bought at an average price of $8.90 per share, with a total value of $249,653.90. Following the acquisition, the chief executive officer directly owned 844,052 shares in the company, valued at approximately $7,512,062.80. This represents a 3.44% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.
DXC Technology Stock Performance
Shares of DXC opened at $8.90 on Tuesday. The company has a 50-day simple moving average of $12.11 and a 200-day simple moving average of $13.35. The company has a quick ratio of 1.35, a current ratio of 1.36 and a debt-to-equity ratio of 0.94. The company has a market capitalization of $1.51 billion, a PE ratio of 148.28 and a beta of 0.85. DXC Technology Company. has a 52-week low of $8.40 and a 52-week high of $17.26.
DXC Technology (NYSE:DXC - Get Free Report) last announced its quarterly earnings results on Thursday, May 7th. The company reported $0.77 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.70 by $0.07. The business had revenue of $3.13 billion during the quarter, compared to the consensus estimate of $3.17 billion. DXC Technology had a net margin of 0.14% and a return on equity of 17.24%. The business's revenue was down 1.2% compared to the same quarter last year. During the same quarter last year, the firm posted $0.84 EPS. DXC Technology has set its Q1 2027 guidance at 0.400-0.400 EPS and its FY 2027 guidance at 2.400-2.900 EPS. Equities research analysts predict that DXC Technology Company. will post 2.65 earnings per share for the current fiscal year.
Institutional Investors Weigh In On DXC Technology
Hedge funds have recently modified their holdings of the company. EverSource Wealth Advisors LLC boosted its stake in shares of DXC Technology by 240.6% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,737 shares of the company's stock worth $27,000 after purchasing an additional 1,227 shares during the last quarter. Danske Bank A S boosted its stake in shares of DXC Technology by 280.0% during the 4th quarter. Danske Bank A S now owns 1,900 shares of the company's stock worth $28,000 after purchasing an additional 1,400 shares during the last quarter. Fifth Third Bancorp boosted its stake in shares of DXC Technology by 116.0% during the 4th quarter. Fifth Third Bancorp now owns 2,102 shares of the company's stock worth $31,000 after purchasing an additional 1,129 shares during the last quarter. Hantz Financial Services Inc. boosted its stake in shares of DXC Technology by 110.5% during the 4th quarter. Hantz Financial Services Inc. now owns 2,185 shares of the company's stock worth $32,000 after purchasing an additional 1,147 shares during the last quarter. Finally, CIBC Private Wealth Group LLC boosted its stake in shares of DXC Technology by 13,258.8% during the 4th quarter. CIBC Private Wealth Group LLC now owns 2,271 shares of the company's stock worth $33,000 after purchasing an additional 2,254 shares during the last quarter. 96.20% of the stock is owned by institutional investors and hedge funds.
Analyst Ratings Changes
Several equities analysts have weighed in on DXC shares. Zacks Research downgraded shares of DXC Technology from a "strong-buy" rating to a "hold" rating in a report on Tuesday, March 3rd. TD Cowen dropped their target price on shares of DXC Technology from $15.00 to $14.00 and set a "hold" rating for the company in a report on Monday, April 6th. Wolfe Research set a $13.00 target price on shares of DXC Technology and gave the company an "underperform" rating in a report on Friday, January 30th. BMO Capital Markets dropped their target price on shares of DXC Technology from $17.00 to $10.00 and set a "market perform" rating for the company in a report on Monday. Finally, Stifel Nicolaus set a $12.00 target price on shares of DXC Technology in a report on Friday. Seven investment analysts have rated the stock with a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat, DXC Technology has a consensus rating of "Reduce" and an average target price of $13.50.
Check Out Our Latest Stock Analysis on DXC Technology
DXC Technology Company Profile
(
Get Free Report)
DXC Technology, headquartered in Tysons Corner, Virginia, is a global leader in IT services and solutions. The company was formed in 2017 through the merger of Computer Sciences Corporation (CSC) and the Enterprise Services business of Hewlett Packard Enterprise, combining decades of experience in consulting, systems integration and managed services. Since its inception, DXC has focused on helping clients modernize IT environments and drive digital transformation across their organizations.
DXC Technology's core service offerings encompass cloud and platform services, applications and analytics, security, and workplace and mobility solutions.
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