DXC Technology (NYSE:DXC) Shares Down 7.7% – What’s Next?

DXC Technology Company. (NYSE:DXC) was down 7.7% on Wednesday . The stock traded as low as $9.22 and last traded at $9.23. Approximately 606,205 shares changed hands during mid-day trading, a decline of 82% from the average daily volume of 3,388,359 shares. The stock had previously closed at $10.00.

Analyst Ratings Changes

Several equities analysts have weighed in on DXC shares. Zacks Research downgraded DXC Technology from a “hold” rating to a “strong sell” rating in a research report on Tuesday, May 12th. Weiss Ratings downgraded DXC Technology from a “sell (d+)” rating to a “sell (d)” rating in a research report on Monday, May 11th. Stifel Nicolaus set a $12.00 target price on DXC Technology in a research report on Friday, May 8th. TD Cowen dropped their target price on DXC Technology from $15.00 to $14.00 and set a “hold” rating for the company in a research report on Monday, April 6th. Finally, Wall Street Zen downgraded DXC Technology from a “buy” rating to a “hold” rating in a research report on Saturday, March 28th. Six investment analysts have rated the stock with a Hold rating and four have given a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of “Reduce” and a consensus price target of $12.75.

DXC Technology Stock Performance

The firm has a market capitalization of $1.55 billion, a price-to-earnings ratio of 158.42 and a beta of 0.81. The company has a quick ratio of 1.36, a current ratio of 1.36 and a debt-to-equity ratio of 0.94. The stock has a 50-day moving average price of $11.06 and a 200 day moving average price of $12.82.

DXC Technology (NYSE:DXC) last announced its quarterly earnings data on Thursday, May 7th. The company reported $0.77 EPS for the quarter, topping analysts’ consensus estimates of $0.70 by $0.07. DXC Technology had a return on equity of 17.24% and a net margin of 0.14%.The business had revenue of $3.13 billion during the quarter, compared to the consensus estimate of $3.17 billion. During the same period in the previous year, the company posted $0.84 earnings per share. The business’s revenue for the quarter 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. On average, analysts forecast that DXC Technology Company. will post 2.64 EPS for the current year.

Insider Activity at DXC Technology

In related news, CEO Raul J. Fernandez acquired 28,051 shares of the stock in a transaction dated Monday, May 11th. The stock was acquired at an average cost of $8.90 per share, with a total value of $249,653.90. Following the completion of the transaction, the chief executive officer owned 844,052 shares in the company, valued at $7,512,062.80. This represents a 3.44% increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.61% of the company’s stock.

Hedge Funds Weigh In On DXC Technology

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. grew its position 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 buying an additional 800,973 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings 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 valued at $126,068,000 after purchasing an additional 258,819 shares in the last quarter. American Century Companies Inc. boosted its holdings 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 valued at $103,476,000 after purchasing an additional 596,475 shares in the last quarter. FIL Ltd boosted its holdings 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 purchasing an additional 45,015 shares in the last quarter. Finally, State Street Corp boosted its holdings 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 purchasing an additional 128,916 shares in the last quarter. 96.20% of the stock is owned by institutional investors and hedge funds.

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.