DXC Technology (NYSE:DXC) Trading 6% Higher Following Insider Buying Activity

Shares of DXC Technology Company. (NYSE:DXC) traded up 6% on Tuesday following insider buying activity. The company traded as high as $9.39 and last traded at $9.4140. 551,851 shares changed hands during mid-day trading, a decline of 81% from the average session volume of 2,953,035 shares. The stock had previously closed at $8.88.

Specifically, CEO Raul J. Fernandez bought 28,051 shares of the company’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 transaction, the chief executive officer owned 844,052 shares of the company’s stock, valued at approximately $7,512,062.80. This trade represents a 3.44% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link.

Analysts Set New Price Targets

Several equities analysts have recently commented on DXC shares. TD Cowen reduced their price target on shares of DXC Technology from $15.00 to $14.00 and set a “hold” rating on the stock in a research report on Monday, April 6th. Zacks Research lowered DXC Technology from a “strong-buy” rating to a “hold” rating in a report on Tuesday, March 3rd. Weiss Ratings restated a “sell (d+)” rating on shares of DXC Technology in a research note on Wednesday, April 8th. Wolfe Research set a $13.00 target price on DXC Technology and gave the stock an “underperform” rating in a report on Friday, January 30th. Finally, Wall Street Zen lowered DXC Technology from a “buy” rating to a “hold” rating in a research report on Saturday, March 28th. Seven investment analysts have rated the stock with a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Reduce” and a consensus price target of $13.50.

DXC Technology Price Performance

The company’s fifty day moving average price is $12.11 and its 200 day moving average price is $13.35. The company has a debt-to-equity ratio of 0.94, a quick ratio of 1.35 and a current ratio of 1.36. The firm has a market capitalization of $1.57 billion, a price-to-earnings ratio of 154.55 and a beta of 0.85.

DXC Technology (NYSE:DXC) last released its quarterly earnings data on Thursday, May 7th. The company reported $0.77 earnings per share for the quarter, topping the consensus estimate of $0.70 by $0.07. DXC Technology had a net margin of 0.14% and a return on equity of 17.24%. The firm had revenue of $3.13 billion for the quarter, compared to analyst estimates of $3.17 billion. During the same quarter in the prior year, the business earned $0.84 earnings per share. DXC Technology’s quarterly revenue was down 1.2% on a year-over-year basis. 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 expect that DXC Technology Company. will post 2.65 earnings per share for the current year.

Institutional Trading of DXC Technology

A number of institutional investors and hedge funds have recently made changes to their positions in DXC. Vanguard Group Inc. boosted its position in DXC Technology by 3.5% during the 3rd quarter. Vanguard Group Inc. now owns 23,452,271 shares of the company’s stock valued at $319,654,000 after purchasing an additional 800,973 shares during the period. Dimensional Fund Advisors LP increased its position in DXC Technology by 2.6% in the first quarter. Dimensional Fund Advisors LP now owns 10,029,966 shares of the company’s stock worth $126,068,000 after buying an additional 258,819 shares during the period. American Century Companies Inc. increased its position in DXC Technology by 8.5% in the third quarter. American Century Companies Inc. now owns 7,591,818 shares of the company’s stock worth $103,476,000 after buying an additional 596,475 shares during the period. FIL Ltd lifted its stake in DXC Technology by 0.7% in the fourth quarter. FIL Ltd now owns 6,383,750 shares of the company’s stock valued at $93,522,000 after buying an additional 45,015 shares during the last quarter. Finally, State Street Corp lifted its stake in DXC Technology by 2.1% in the second quarter. State Street Corp now owns 6,381,982 shares of the company’s stock valued at $97,581,000 after buying an additional 128,916 shares during the last quarter. 96.20% of the stock is currently owned by institutional investors and hedge funds.

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.