DXC Technology (NYSE:DXC) Stock Rating Lowered by Zacks Research

DXC Technology (NYSE:DXC) was downgraded by equities research analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a note issued to investors on Tuesday,Zacks.com reports.

DXC has been the topic of a number of other reports. Weiss Ratings downgraded shares of DXC Technology from a “sell (d+)” rating to a “sell (d)” rating in a research note on Monday. Wolfe Research set a $13.00 price objective on shares of DXC Technology and gave the company an “underperform” rating in a research note on Friday, January 30th. Wall Street Zen downgraded shares of DXC Technology from a “buy” rating to a “hold” rating in a research note on Saturday, March 28th. Stifel Nicolaus set a $12.00 target price on shares of DXC Technology in a research note on Friday, May 8th. Finally, TD Cowen lowered their target price on shares of DXC Technology from $15.00 to $14.00 and set a “hold” rating for the company in a research note on Monday, April 6th. Six analysts have rated the stock with a Hold rating and four have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Reduce” and a consensus target price of $13.50.

DXC Technology Price Performance

NYSE DXC opened at $8.21 on Tuesday. 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’s 50 day moving average price is $11.96 and its 200-day moving average price is $13.28. DXC Technology has a 52-week low of $7.90 and a 52-week high of $17.07. The company has a market cap of $1.34 billion, a PE ratio of 136.75 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 (EPS) for the quarter, beating analysts’ consensus estimates 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 the consensus estimate of $3.17 billion. During the same period last year, the firm earned $0.84 earnings per share. The company’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. Sell-side analysts forecast that DXC Technology will post 2.74 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, CEO Raul J. Fernandez bought 28,051 shares of the stock in a transaction on Monday, May 11th. The stock was bought at an average cost of $8.90 per share, for a total transaction of $249,653.90. Following the completion of the purchase, the chief executive officer directly owned 844,052 shares in the company, valued at approximately $7,512,062.80. The trade was a 3.44% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.61% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On DXC Technology

Institutional investors have recently bought and sold shares of the company. EverSource Wealth Advisors LLC boosted its stake in DXC Technology by 240.6% in the second 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 in the last quarter. Danske Bank A S raised its holdings in shares of DXC Technology by 280.0% in the fourth quarter. Danske Bank A S now owns 1,900 shares of the company’s stock worth $28,000 after buying an additional 1,400 shares during the last quarter. Fifth Third Bancorp raised its holdings in shares of DXC Technology by 116.0% in the fourth quarter. Fifth Third Bancorp now owns 2,102 shares of the company’s stock worth $31,000 after buying an additional 1,129 shares during the last quarter. Hantz Financial Services Inc. raised its holdings in shares of DXC Technology by 110.5% in the fourth quarter. Hantz Financial Services Inc. now owns 2,185 shares of the company’s stock worth $32,000 after buying an additional 1,147 shares during the last quarter. Finally, CIBC Private Wealth Group LLC raised its holdings in shares of DXC Technology by 13,258.8% in the fourth quarter. CIBC Private Wealth Group LLC now owns 2,271 shares of the company’s stock worth $33,000 after buying an additional 2,254 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.