DXC Technology (NYSE:DXC) Downgraded by Moffett Nathanson to “Underperform”

DXC Technology (NYSE:DXCGet Rating) was downgraded by analysts at Moffett Nathanson from a “market perform” rating to an “underperform” rating in a note issued to investors on Thursday, Marketbeat.com reports. They presently have a $28.00 target price on the stock, down from their previous target price of $32.00. Moffett Nathanson’s price objective would indicate a potential downside of 1.41% from the stock’s previous close.

Several other equities research analysts have also commented on DXC. BMO Capital Markets decreased their target price on shares of DXC Technology from $36.00 to $33.00 and set an “outperform” rating on the stock in a research report on Friday, November 4th. Royal Bank of Canada boosted their price objective on shares of DXC Technology from $34.00 to $38.00 and gave the stock an “outperform” rating in a research report on Monday, November 7th. Finally, JPMorgan Chase & Co. upgraded shares of DXC Technology from an “underweight” rating to a “neutral” rating and boosted their price objective for the stock from $31.00 to $33.00 in a research report on Thursday, December 15th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $34.50.

DXC Technology Price Performance

Shares of NYSE DXC opened at $28.40 on Thursday. The firm has a market capitalization of $6.53 billion, a P/E ratio of 9.25, a PEG ratio of 0.68 and a beta of 1.92. DXC Technology has a one year low of $22.65 and a one year high of $39.65. The company’s fifty day moving average is $27.89 and its two-hundred day moving average is $27.71. The company has a debt-to-equity ratio of 0.75, a quick ratio of 1.14 and a current ratio of 1.14.

DXC Technology (NYSE:DXCGet Rating) last issued its earnings results on Thursday, November 3rd. The company reported $0.75 EPS for the quarter, topping the consensus estimate of $0.72 by $0.03. The company had revenue of $3.57 billion for the quarter, compared to analyst estimates of $3.56 billion. DXC Technology had a net margin of 4.93% and a return on equity of 15.59%. Analysts forecast that DXC Technology will post 3.49 EPS for the current fiscal year.

Insider Activity at DXC Technology

In related news, Director Raul J. Fernandez sold 10,000 shares of the business’s stock in a transaction dated Friday, November 11th. The shares were sold at an average price of $29.39, for a total value of $293,900.00. Following the completion of the transaction, the director now owns 52,092 shares of the company’s stock, valued at approximately $1,530,983.88. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, Director Raul J. Fernandez sold 10,000 shares of the business’s stock in a transaction dated Friday, November 11th. The shares were sold at an average price of $29.39, for a total value of $293,900.00. Following the completion of the transaction, the director now owns 52,092 shares of the company’s stock, valued at approximately $1,530,983.88. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Raul J. Fernandez sold 5,000 shares of the business’s stock in a transaction dated Wednesday, November 23rd. The shares were sold at an average price of $29.75, for a total transaction of $148,750.00. Following the completion of the transaction, the director now directly owns 47,092 shares of the company’s stock, valued at approximately $1,400,987. The disclosure for this sale can be found here. 0.47% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the company. CWM LLC increased its stake in shares of DXC Technology by 28.6% during the 3rd quarter. CWM LLC now owns 2,687 shares of the company’s stock valued at $66,000 after acquiring an additional 598 shares during the last quarter. M&T Bank Corp increased its stake in shares of DXC Technology by 2.5% during the 2nd quarter. M&T Bank Corp now owns 16,255 shares of the company’s stock valued at $470,000 after acquiring an additional 399 shares during the last quarter. IMA Wealth Inc. increased its stake in shares of DXC Technology by 3.7% during the 2nd quarter. IMA Wealth Inc. now owns 83,964 shares of the company’s stock valued at $2,545,000 after acquiring an additional 2,986 shares during the last quarter. Counterpoint Mutual Funds LLC increased its stake in shares of DXC Technology by 48.2% during the 2nd quarter. Counterpoint Mutual Funds LLC now owns 4,011 shares of the company’s stock valued at $122,000 after acquiring an additional 1,304 shares during the last quarter. Finally, Stanley Laman Group Ltd. increased its stake in shares of DXC Technology by 43.3% during the 3rd quarter. Stanley Laman Group Ltd. now owns 120,649 shares of the company’s stock valued at $2,953,000 after acquiring an additional 36,450 shares during the last quarter. Institutional investors and hedge funds own 89.19% of the company’s stock.

About DXC Technology

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DXC Technology Co provides technology 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 the digital transformations that are tailored to each client’s specific objectives.

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