DXC Technology (NYSE:DXC) Hits New 12-Month Low – Time to Sell?

DXC Technology Company. (NYSE:DXC)’s stock price hit a new 52-week low on Tuesday . The company traded as low as $12.17 and last traded at $12.2560, with a volume of 201222 shares. The stock had previously closed at $12.46.

Analysts Set New Price Targets

A number of brokerages have recently commented on DXC. Wall Street Zen raised DXC Technology from a “hold” rating to a “buy” rating in a report on Sunday, November 9th. Susquehanna set a $14.00 price target on DXC Technology and gave the company a “neutral” rating in a report on Friday, October 31st. Royal Bank Of Canada reduced their price objective on shares of DXC Technology from $18.00 to $16.00 and set a “sector perform” rating for the company in a research note on Friday, August 1st. JPMorgan Chase & Co. decreased their price objective on shares of DXC Technology from $18.00 to $14.00 and set an “underweight” rating for the company in a report on Wednesday, August 20th. Finally, Stifel Nicolaus cut 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 report on Friday, October 31st. Six investment analysts have rated the stock with a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Reduce” and a consensus target price of $15.00.

DXC Technology Trading Down 1.5%

The company has a debt-to-equity ratio of 0.90, a quick ratio of 1.22 and a current ratio of 1.22. The company’s 50 day moving average is $13.55 and its 200 day moving average is $14.38. The stock has a market capitalization of $2.14 billion, a price-to-earnings ratio of 5.94 and a beta of 1.15.

DXC Technology (NYSE:DXC) last posted its quarterly earnings data on Friday, October 31st. The company reported $0.84 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.71 by $0.13. DXC Technology had a net margin of 2.96% and a return on equity of 18.59%. The company had revenue of $3.16 billion for the quarter, compared to the consensus estimate of $3.17 billion. During the same quarter in the previous year, the firm posted $0.93 EPS. The business’s revenue was down 2.5% compared to the same quarter last year. On average, research analysts forecast that DXC Technology Company. will post 3.35 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, SVP Christopher Anthony Voci sold 2,500 shares of the company’s stock in a transaction dated Thursday, September 11th. The shares were sold at an average price of $14.52, for a total value of $36,300.00. Following the sale, the senior vice president owned 91,105 shares of the company’s stock, valued at $1,322,844.60. The trade was a 2.67% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.61% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On DXC Technology

Several hedge funds and other institutional investors have recently modified their holdings of DXC. Victory Capital Management Inc. raised its stake in DXC Technology by 127.6% during the first quarter. Victory Capital Management Inc. now owns 209,344 shares of the company’s stock worth $3,569,000 after acquiring an additional 117,364 shares in the last quarter. Allianz Asset Management GmbH grew its holdings in shares of DXC Technology by 17.2% in the 1st quarter. Allianz Asset Management GmbH now owns 565,886 shares of the company’s stock worth $9,648,000 after purchasing an additional 82,865 shares during the last quarter. Choreo LLC increased its position in shares of DXC Technology by 58.5% during the 1st quarter. Choreo LLC now owns 49,751 shares of the company’s stock worth $848,000 after purchasing an additional 18,356 shares in the last quarter. Universal Beteiligungs und Servicegesellschaft mbH lifted its holdings in DXC Technology by 47.2% during the 1st quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 260,947 shares of the company’s stock valued at $4,449,000 after purchasing an additional 83,648 shares during the last quarter. Finally, Brooktree Capital Management grew its position in DXC Technology by 1.7% during the 1st quarter. Brooktree Capital Management now owns 97,271 shares of the company’s stock worth $1,658,000 after acquiring an additional 1,608 shares during the last quarter. Institutional investors own 96.20% of the company’s stock.

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).