DXC Technology (NYSE:DXC) CEO Raul Fernandez Buys 28,051 Shares

DXC Technology Company. (NYSE:DXC) CEO Raul Fernandez acquired 28,051 shares of the firm’s stock in a transaction that occurred on Monday, May 11th. The stock was purchased at an average cost of $8.90 per share, with a total value of $249,653.90. Following the acquisition, the chief executive officer owned 844,052 shares in the company, valued at $7,512,062.80. The trade was a 3.44% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

DXC Technology Stock Performance

DXC traded down $0.53 during trading hours on Monday, hitting $8.90. The stock had a trading volume of 8,885,994 shares, compared to its average volume of 4,282,323. The company’s fifty day simple moving average is $12.11 and its 200 day simple moving average is $13.35. DXC Technology Company. has a 1 year low of $8.40 and a 1 year high of $17.26. The stock has a market cap of $1.51 billion, a PE ratio of 148.28 and a beta of 0.85. The company has a quick ratio of 1.35, a current ratio of 1.36 and a debt-to-equity ratio of 0.94.

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

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. Waterfront Wealth Inc. grew its holdings in shares of DXC Technology by 818.6% during the third quarter. Waterfront Wealth Inc. now owns 142,192 shares of the company’s stock worth $1,886,000 after purchasing an additional 126,713 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in shares of DXC Technology by 28.1% during the third quarter. JPMorgan Chase & Co. now owns 742,963 shares of the company’s stock worth $10,127,000 after purchasing an additional 162,958 shares in the last quarter. Assenagon Asset Management S.A. grew its holdings in shares of DXC Technology by 2,316.7% during the fourth quarter. Assenagon Asset Management S.A. now owns 1,570,035 shares of the company’s stock worth $23,001,000 after purchasing an additional 1,505,069 shares in the last quarter. Vanguard Group Inc. grew its holdings in shares of DXC Technology by 3.5% during the third quarter. Vanguard Group Inc. now owns 23,452,271 shares of the company’s stock worth $319,654,000 after purchasing an additional 800,973 shares in the last quarter. Finally, Nierenberg Investment Management Company Inc. grew its holdings in shares of DXC Technology by 634.5% during the third quarter. Nierenberg Investment Management Company Inc. now owns 99,555 shares of the company’s stock worth $1,357,000 after purchasing an additional 86,000 shares in the last quarter. Hedge funds and other institutional investors own 96.20% of the company’s stock.

Analyst Ratings Changes

A number of research firms have weighed in on DXC. Zacks Research lowered DXC Technology from a “strong-buy” rating to a “hold” rating in a report on Tuesday, March 3rd. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of DXC Technology in a report on Wednesday, April 8th. BMO Capital Markets reduced their target price on DXC Technology from $17.00 to $10.00 and set a “market perform” rating for the company in a report on Monday. Wall Street Zen lowered DXC Technology from a “buy” rating to a “hold” rating in a report on Saturday, March 28th. Finally, Wolfe Research set a $13.00 target price on DXC Technology and gave the company an “underperform” rating in a report on Friday, January 30th. Eight investment analysts have rated the stock with a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Reduce” and a consensus price target of $13.50.

DXC Technology Company Profile

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.