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

DXC Technology Company. (NYSE:DXC) CEO Raul Fernandez bought 28,051 shares of the firm’s stock in a transaction on 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 transaction, 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 is available at the SEC website.

DXC Technology Price Performance

Shares of NYSE:DXC opened at $8.92 on Wednesday. DXC Technology Company. has a fifty-two week low of $8.40 and a fifty-two week high of $17.14. The business has a 50-day simple moving average of $12.04 and a two-hundred day simple moving average of $13.32. 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 has a market cap of $1.46 billion, a price-to-earnings ratio of 148.58 and a beta of 0.85.

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. DXC Technology had a return on equity of 17.24% and a net margin of 0.14%.The company had revenue of $3.13 billion for the quarter, compared to the consensus estimate of $3.17 billion. During the same quarter in the prior year, the company earned $0.84 earnings per share. DXC Technology’s 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. On average, analysts expect that DXC Technology Company. will post 2.78 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on DXC. Weiss Ratings downgraded DXC Technology from a “sell (d+)” rating to a “sell (d)” rating in a report on Monday. BMO Capital Markets lowered their target price on DXC Technology from $17.00 to $10.00 and set a “market perform” rating on the stock in a report on Monday. Wall Street Zen downgraded DXC Technology from a “buy” rating to a “hold” rating in a report on Saturday, March 28th. 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. Finally, TD Cowen lowered their target price on DXC Technology from $15.00 to $14.00 and set a “hold” rating on the stock in a report on Monday, April 6th. Seven research analysts have rated the stock with a Hold rating and three have given a Sell rating to the stock. According to MarketBeat, DXC Technology presently has an average rating of “Reduce” and an average price target of $13.50.

Institutional Trading of DXC Technology

Several institutional investors have recently made changes to their positions in DXC. Royal Bank of Canada grew its position in shares of DXC Technology by 156.3% during the first quarter. Royal Bank of Canada now owns 99,930 shares of the company’s stock worth $1,703,000 after purchasing an additional 60,935 shares in the last quarter. Goldman Sachs Group Inc. grew its holdings in DXC Technology by 4.1% during the 1st quarter. Goldman Sachs Group Inc. now owns 1,239,558 shares of the company’s stock valued at $21,134,000 after buying an additional 49,228 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in DXC Technology by 4.9% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 735,597 shares of the company’s stock valued at $12,542,000 after buying an additional 34,544 shares in the last quarter. Creative Planning lifted its stake in shares of DXC Technology by 83.9% in the 2nd quarter. Creative Planning now owns 21,863 shares of the company’s stock valued at $334,000 after purchasing an additional 9,972 shares during the last quarter. Finally, EverSource Wealth Advisors LLC lifted its stake in shares of DXC Technology by 240.6% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,737 shares of the company’s stock valued at $27,000 after purchasing an additional 1,227 shares during the last quarter. Hedge funds and other institutional investors own 96.20% of the company’s stock.

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.