DXC Technology (NYSE: DXC – Get Rating ) is scheduled to release earnings data after the market close on Wednesday, February 1. Analysts expect DXC Technology to report EPS of $0.84 for the quarter. Those interested in participating in the company’s earnings conference call can do so using this link.
DXC Technology (NYSE: DXC – Get Rating ) last reported quarterly earnings data on Thursday, November 3rd. The company reported 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’ revenue for the quarter was $3.57 billion, beating analysts’ expectations of $3.56 billion. On average, analysts expect DXC Technology to post EPS of $3 in the current fiscal year and $5 in the next fiscal year.
DXC Tech trades down 0.6 percent
Shares of DXC opened at $28.11 on Tuesday. 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 company’s 50-day simple moving average is $27.86 and the 200-day simple moving average is $27.65. DXC Technology had a 1-year low of $22.65 and a 1-year high of $39.65. The market cap is $6.47 billion, with a P/E ratio of 9.16, a P/E ratio of 0.67, and a beta of 1.92.
Analyst Promotions and Demotions
A number of brokerages have recently weighed in on DXC. BMO Capital Markets cut their price target on shares of DXC Technology from $36.00 to $33.00 and set an “outperform” rating on the company in a research report on Friday, November 4th. JPMorgan Chase & Co. raised shares of DXC Technology from an “underweight” rating to a “neutral” rating and raised their price target for the stock from $31.00 to $33.00 in a research report on Thursday, December 15th. Moffett Nathanson downgraded shares of DXC Technology from a “market perform” rating to an “underperform” rating and lowered their price target for the stock from $32.00 to $28.00 in a research report on Thursday, January 19th. Morgan Stanley cut their price target on DXC Technology from $30.00 to $27.00 and set an “equal weight” rating on the stock in a research note on Friday. Finally, 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. Two research analysts have rated the stock with a sell rating, four have given a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, DXC Technology currently has a consensus rating of “Hold” and a consensus price target of $34.25.
Insider Trading at DXC Technology
In related news, director Raul J. Fernandez sold 10,000 shares of DXC Technology stock in trading on Friday, November 11. The average selling price of these stocks was $29.39, with a total transaction value of $293,900.00. Following the transaction, the director now owns 52,092 shares of the company, worth approximately $1,530,983.88. The transaction is disclosed in a filing with the U.S. Securities and Exchange Commission, which can be accessed via this hyperlink. In other DXC Technology news, Director Raul J. Fernandez sold 5,000 shares of the company’s stock in trading on Wednesday, November 23rd. The average selling price of these shares was $29.75 for a total 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 filing with the U.S. Securities and Exchange Commission, which can be accessed at this link. Additionally, Director Raul J. Fernandez sold 10,000 shares of company stock in trading on Friday, November 11. The stock sold at an average price of $29.39 for a total transaction value of $293,900.00. Following the transaction, the director now owns 52,092 shares of the company, worth approximately $1,530,983.88. The disclosure for this sale can be found here. Company insiders hold a 0.47% stake.
Hedge Funds Participate in DXC Technology
Institutional investors have recently increased or decreased their stakes in the company. Millennium Management LLC increased its stake in DXC Technology by 993.5% during the second quarter. Millennium Management LLC now owns 682,855 shares of the company worth $20,697,000 after purchasing an additional 620,408 shares last quarter. Weiss Multi Strategy Advisers LLC increased its stake in DXC Technology by 46.0% during the first quarter. Weiss Multi Strategy Advisers LLC now owns 547,416 shares of the company worth $17,862,000 after purchasing an additional 172,366 shares in the previous quarter. Prudential Financial Inc. increased its stake in DXC Technology by 56.1 percent in the first quarter. Prudential Financial Inc. now owns 341,737 shares of the company worth $11,151,000 after purchasing an additional 122,753 shares last quarter. BNP Paribas Arbitrage SNC increased its stake in DXC Technology by 20.4% in the third quarter. BNP Paribas Arbitrage SNC now owns 651,964 shares of the company worth $15,960,000 after purchasing an additional 110,632 shares last quarter. Finally, Eaton Vance Management increased its stake in DXC Technology by 583.6% during the first quarter. Eaton Vance Management now owns 115,603 shares of the company worth $3,773,000 after purchasing an additional 98,693 shares last quarter. Institutional investors and hedge funds own 89.19% of the company.
DXC Technology Company Profile
DXC Technology Co provides technical consulting, outsourcing and support services. It operates through the following segments: Global Business Services (GBS) and Global Infrastructure Services (GIS). The GBS segment provides technology solutions that help clients address challenges and accelerate digital transformation tailored to each client’s specific goals.
This breaking news alert is powered by MarketBeat’s narrative science technology and financial data to provide readers with the fastest and most accurate coverage. This story was reviewed by MarketBeat’s editorial team before publication. Please send any questions or comments about this story to firstname.lastname@example.org.
You’ll want to hear this before you even consider DXC Technology.
MarketBeat tracks Wall Street’s highest-rated and top-performing research analysts and the stocks they recommend to clients on a daily basis. MarketBeat has identified five stocks top analysts are quietly whispering to their clients to buy now before the broader market rallies…and DXC Technology isn’t on the list.
While DXC Technology currently has a “hold” rating among analysts, the top-rated analysts see these five stocks as better buys.
Check out five stocks here