DXC Technology (NYSE:DXC) Stock Price Up 6.9% – Here’s Why

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

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on DXC. TD Cowen lifted their price objective on DXC Technology from $10.00 to $12.00 and gave the stock a “hold” rating in a report on Monday, August 3rd. Royal Bank Of Canada lowered their target price on DXC Technology from $16.00 to $14.00 and set a “sector perform” rating on the stock in a report on Friday, July 31st. Morgan Stanley set a $12.00 price target on DXC Technology in a research report on Monday, August 3rd. Zacks Research upgraded DXC Technology from a “strong sell” rating to a “hold” rating in a research report on Monday, July 13th. Finally, Weiss Ratings raised DXC Technology from a “sell (d)” rating to a “sell (d+)” rating in a research note on Tuesday, October 6th. Seven investment analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Reduce” and a consensus target price of $12.21.

DXC Technology Stock Up 2.5%

The firm’s 50-day moving average price is $11.50 and its 200 day moving average price is $10.68. The firm has a market capitalization of $2.33 billion, a price-to-earnings ratio of 20.87 and a beta of 0.79. The company has a debt-to-equity ratio of 0.90, a current ratio of 1.41 and a quick ratio of 1.41.

DXC Technology (NYSE:DXC) last issued its quarterly earnings data on Thursday, July 30th. The company reported $0.40 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.41 by ($0.01). The company had revenue of $3 billion for the quarter, compared to analyst estimates 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% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.68 earnings per share. DXC Technology has set its Q2 2027 guidance at 0.550-0.550 EPS. Sell-side analysts expect that DXC Technology Company. will post 2.59 EPS for the current year.

Institutional Trading of DXC Technology

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Bank of America Corp DE acquired a new stake in shares of DXC Technology in the second quarter worth approximately $11,706,000. Nierenberg Investment Management Company LLC purchased a new stake in DXC Technology in the second quarter valued at approximately $907,214. State Street Corp increased its position in DXC Technology by 25.0% during the second quarter. State Street Corp now owns 7,683,280 shares of the company’s stock worth $67,997,000 after purchasing an additional 1,536,243 shares during the last quarter. Hara Capital LLC acquired a new position in DXC Technology during the second quarter worth approximately $2,318,000. Finally, Legal & General Group Plc purchased a new position in DXC Technology during the second quarter worth approximately $4,054,000. 96.20% of the stock is currently owned by hedge funds and other institutional investors.

DXC Technology Company Profile

DXC Technology (NYSE: DXC) is a global information technology services and solutions company that helps organizations modernize and manage their technology environments. Its services include consulting, application development and management, cloud migration and operations, cybersecurity, data and analytics, enterprise technology management, and workplace and end-user services.

The company serves businesses and government organizations across a range of industries, including financial services, healthcare, insurance, manufacturing, aerospace and defense, automotive, retail, and the public sector.