DXC Technology (NYSE:DXC) Hits New 1-Year Low at $15.41

DXC Technology (NYSE:DXC)’s stock price reached a new 52-week low on Friday . The stock traded as low as $15.41 and last traded at $15.50, with a volume of 661441 shares trading hands. The stock had previously closed at $15.94.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the stock. Guggenheim assumed coverage on shares of DXC Technology in a report on Tuesday, March 19th. They set a “neutral” rating and a $22.00 target price for the company. Susquehanna lowered their price target on shares of DXC Technology from $22.00 to $15.00 and set a “neutral” rating for the company in a report on Friday, May 17th. TD Cowen lowered their price target on shares of DXC Technology from $22.00 to $18.00 and set a “hold” rating for the company in a report on Tuesday, May 21st. Morgan Stanley lowered their price target on shares of DXC Technology from $21.00 to $18.00 and set an “equal weight” rating for the company in a report on Friday, May 17th. Finally, BMO Capital Markets lowered their price target on shares of DXC Technology from $23.00 to $17.50 and set a “market perform” rating for the company in a report on Friday, May 17th. Three research analysts have rated the stock with a sell rating and eight have issued a hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $19.77.

DXC Technology Trading Down 1.9 %

The business’s fifty day moving average is $19.85 and its 200-day moving average is $21.56. The stock has a market capitalization of $2.80 billion, a PE ratio of 42.24, a P/E/G ratio of 1.82 and a beta of 1.85. The company has a quick ratio of 1.11, a current ratio of 1.17 and a debt-to-equity ratio of 1.25.

DXC Technology (NYSE:DXC) last released its earnings results on Thursday, May 16th. The company reported $0.97 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.83 by $0.14. DXC Technology had a net margin of 0.67% and a return on equity of 18.43%. The firm had revenue of $3.39 billion during the quarter, compared to the consensus estimate of $3.37 billion. During the same period in the previous year, the firm earned $1.02 earnings per share. DXC Technology’s revenue was down 5.6% compared to the same quarter last year. As a group, analysts anticipate that DXC Technology will post 2.73 EPS for the current fiscal year.

Insider Activity at DXC Technology

In other DXC Technology news, EVP William L. Deckelman, Jr. sold 18,102 shares of DXC Technology stock in a transaction that occurred on Thursday, February 29th. The shares were sold at an average price of $21.73, for a total transaction of $393,356.46. Following the transaction, the executive vice president now directly owns 124,806 shares of the company’s stock, valued at $2,712,034.38. The sale was disclosed in a filing with the SEC, which is available at this link. 0.87% of the stock is owned by insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Versant Capital Management Inc lifted its position in shares of DXC Technology by 3,525.9% during the fourth quarter. Versant Capital Management Inc now owns 2,103 shares of the company’s stock worth $48,000 after purchasing an additional 2,045 shares in the last quarter. GAMMA Investing LLC acquired a new stake in shares of DXC Technology during the fourth quarter worth $49,000. Quarry LP acquired a new stake in shares of DXC Technology during the fourth quarter worth $51,000. Headlands Technologies LLC acquired a new stake in shares of DXC Technology during the third quarter worth $67,000. Finally, NBC Securities Inc. acquired a new stake in shares of DXC Technology in the 3rd quarter worth about $94,000. 96.20% of the stock is owned by institutional investors and hedge funds.

DXC Technology Company Profile

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).