DXC Technology (NYSE:DXC) Shares Climb 6.9% – Here’s What Happened

Shares of DXC Technology Company. (NYSE:DXC) rose 6.9% during trading on Monday. The stock traded as high as $14.37 and last traded at $14.5570. 1,626,681 shares traded hands during mid-day trading, a decline of 56% from the average session volume of 3,738,772 shares. The stock had previously closed at $13.62.

Analyst Ratings Changes

Several research firms have issued reports on DXC. Stifel Nicolaus lowered their price target on shares of DXC Technology from $12.00 to $10.50 and set a “hold” rating for the company in a report on Friday, July 31st. TD Cowen upped their price objective on shares of DXC Technology from $10.00 to $12.00 and gave the company a “hold” rating in a research note on Monday, August 3rd. Morgan Stanley set a $12.00 price objective on shares of DXC Technology in a research report on Monday, August 3rd. Zacks Research raised shares of DXC Technology from a “strong sell” rating to a “hold” rating in a research note on Monday, July 13th. Finally, Royal Bank Of Canada lowered their target price on shares of DXC Technology from $16.00 to $14.00 and set a “sector perform” rating for the company in a research note on Friday, July 31st. Seven investment analysts have rated the stock with a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Reduce” and an average price target of $12.21.

DXC Technology Trading Up 7.5%

The company has a current ratio of 1.41, a quick ratio of 1.41 and a debt-to-equity ratio of 0.90. The firm has a 50-day moving average of $11.36 and a 200 day moving average of $10.66. The company has a market cap of $2.34 billion, a P/E ratio of 20.84 and a beta of 0.79.

DXC Technology (NYSE:DXC) last issued its earnings results on Thursday, July 30th. The company reported $0.40 earnings per share for the quarter, missing analysts’ consensus estimates of $0.41 by ($0.01). The business had revenue of $3 billion during the quarter, compared to the consensus estimate of $2.99 billion. DXC Technology had a return on equity of 15.60% and a net margin of 0.99%. The company’s revenue for the quarter was down 5.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.68 earnings per share. DXC Technology has set its Q2 2027 guidance at 0.550-0.550 EPS. On average, analysts predict that DXC Technology Company. will post 2.59 earnings per share for the current fiscal year.

Institutional Trading of DXC Technology

Hedge funds have recently modified their holdings of the stock. Assenagon Asset Management S.A. lifted its position in shares of DXC Technology by 76.1% during the 3rd quarter. Assenagon Asset Management S.A. now owns 140,433 shares of the company’s stock valued at $1,521,000 after acquiring an additional 60,674 shares during the period. Farther Finance Advisors LLC grew its holdings in DXC Technology by 289.0% in the third quarter. Farther Finance Advisors LLC now owns 4,396 shares of the company’s stock worth $48,000 after purchasing an additional 3,266 shares during the period. Versant Capital Management Inc grew its holdings in DXC Technology by 16.2% in the third quarter. Versant Capital Management Inc now owns 8,682 shares of the company’s stock worth $94,000 after purchasing an additional 1,208 shares during the period. Envestnet Asset Management Inc. grew its holdings in DXC Technology by 99.1% in the second quarter. Envestnet Asset Management Inc. now owns 69,742 shares of the company’s stock worth $617,000 after purchasing an additional 34,722 shares during the period. Finally, State Street Corp increased its stake in DXC Technology by 25.0% in the second quarter. State Street Corp now owns 7,683,280 shares of the company’s stock valued at $67,997,000 after purchasing an additional 1,536,243 shares in the last quarter. Institutional investors own 96.20% of the company’s stock.

DXC Technology Company Profile

DXC Technology (NYSE:DXC) is a global information technology services company that helps businesses and government organizations modernize and manage their technology environments. Its services include IT consulting, systems integration, cloud computing, cybersecurity, data and analytics, application development and management, and workplace and infrastructure services.

The company supports clients in moving workloads to public, private and hybrid cloud environments, improving digital customer experiences, automating business processes and managing complex technology operations.