DXC Technology (NYSE:DXC) Sets New 52-Week Low – Should You Sell?

DXC Technology Company. (NYSE:DXC)’s share price hit a new 52-week low during mid-day trading on Thursday . The company traded as low as $11.07 and last traded at $11.1550, with a volume of 1698624 shares traded. The stock had previously closed at $11.71.

Analyst Ratings Changes

A number of brokerages have recently issued reports on DXC. Wolfe Research set a $13.00 price objective on shares of DXC Technology and gave the stock an “underperform” rating in a research report on Friday, January 30th. Weiss Ratings reissued a “sell (d+)” rating on shares of DXC Technology in a research report on Wednesday, April 8th. Zacks Research downgraded shares of DXC Technology from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, March 3rd. BMO Capital Markets boosted their target price on shares of DXC Technology from $15.00 to $17.00 and gave the stock a “market perform” rating in a research report on Tuesday, February 3rd. Finally, Wall Street Zen downgraded shares of DXC Technology from a “buy” rating to a “hold” rating in a research report on Saturday, March 28th. Eight research analysts have rated the stock with a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Reduce” and a consensus price target of $14.63.

DXC Technology Stock Performance

The company has a market cap of $2.02 billion, a PE ratio of 5.11 and a beta of 1.00. The company has a current ratio of 1.35, a quick ratio of 1.35 and a debt-to-equity ratio of 0.91. The firm’s 50-day simple moving average is $12.27 and its two-hundred day simple moving average is $13.43.

DXC Technology (NYSE:DXC) last released its earnings results on Thursday, January 29th. The company reported $0.96 earnings per share for the quarter, topping the consensus estimate of $0.83 by $0.13. The company had revenue of $3.19 billion for the quarter, compared to the consensus estimate of $3.18 billion. DXC Technology had a net margin of 3.34% and a return on equity of 17.56%. DXC Technology’s revenue was down 1.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.92 EPS. As a group, research analysts anticipate that DXC Technology Company. will post 3.21 earnings per share for the current fiscal year.

Insider Activity at DXC Technology

In other DXC Technology news, CEO Raul J. Fernandez acquired 16,446 shares of the company’s stock in a transaction dated Monday, February 2nd. The shares were acquired at an average cost of $15.24 per share, with a total value of $250,637.04. Following the acquisition, the chief executive officer directly owned 816,001 shares of the company’s stock, valued at approximately $12,435,855.24. The trade was a 2.06% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through this link. 0.61% of the stock is owned by company insiders.

Institutional Trading of DXC Technology

Large investors have recently made changes to their positions in the business. EverSource Wealth Advisors LLC boosted its holdings in shares of DXC Technology by 240.6% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,737 shares of the company’s stock valued at $27,000 after acquiring an additional 1,227 shares during the last quarter. Danske Bank A S boosted its holdings in shares of DXC Technology by 280.0% in the 4th quarter. Danske Bank A S now owns 1,900 shares of the company’s stock valued at $28,000 after acquiring an additional 1,400 shares during the last quarter. Fifth Third Bancorp boosted its holdings in shares of DXC Technology by 116.0% in the 4th quarter. Fifth Third Bancorp now owns 2,102 shares of the company’s stock valued at $31,000 after acquiring an additional 1,129 shares during the last quarter. Hantz Financial Services Inc. lifted its stake in shares of DXC Technology by 110.5% in the 4th quarter. Hantz Financial Services Inc. now owns 2,185 shares of the company’s stock valued at $32,000 after purchasing an additional 1,147 shares during the period. Finally, CIBC Private Wealth Group LLC lifted its stake in shares of DXC Technology by 13,258.8% in the 4th quarter. CIBC Private Wealth Group LLC now owns 2,271 shares of the company’s stock valued at $33,000 after purchasing an additional 2,254 shares during the period. 96.20% of the stock is owned by hedge funds and other institutional investors.

About DXC Technology

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.