DXC Technology (NYSE:DXC) Sets New 52-Week High – Still a Buy?

Shares of DXC Technology Company. (NYSE:DXC) hit a new 52-week high during mid-day trading on Thursday. The stock traded as high as $15.68 and last traded at $15.6350, with a volume of 1,310,220 shares. The stock had previously closed at $15.40.

Wall Street Analysts Forecast Growth

A number of analysts have commented on DXC shares. Stifel Nicolaus decreased their target price on DXC Technology from $12.00 to $10.50 and set a “hold” rating on the stock in a research report on Friday, July 31st. Weiss Ratings upgraded DXC Technology from a “sell (d)” rating to a “sell (d+)” rating in a research report on Tuesday, October 6th. TD Cowen lifted their price target on DXC Technology from $10.00 to $12.00 and gave the stock a “hold” rating in a research note on Monday, August 3rd. Zacks Research raised DXC Technology from a “strong sell” rating to a “hold” rating in a research note on Monday, July 13th. Finally, Royal Bank Of Canada decreased their price objective on shares of DXC Technology from $16.00 to $14.00 and set a “sector perform” rating on the stock in a research report on Friday, July 31st. Seven investment analysts have rated the stock with a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Reduce” and an average target price of $12.21.

DXC Technology Price Performance

The company has a debt-to-equity ratio of 0.90, a quick ratio of 1.41 and a current ratio of 1.41. The stock has a market capitalization of $2.57 billion, a price-to-earnings ratio of 22.98 and a beta of 0.79. The company has a 50-day moving average of $11.80 and a 200-day moving average of $10.76.

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

Institutional Trading of DXC Technology

A number of large investors have recently made changes to their positions in DXC. Yousif Capital Management LLC boosted its position in DXC Technology by 2.1% during the third quarter. Yousif Capital Management LLC now owns 57,828 shares of the company’s stock worth $626,000 after acquiring an additional 1,170 shares during the last quarter. Versant Capital Management Inc raised its holdings in DXC Technology by 16.2% in the 3rd quarter. Versant Capital Management Inc now owns 8,682 shares of the company’s stock valued at $94,000 after acquiring an additional 1,208 shares during the last quarter. Bessemer Group Inc. raised its holdings in DXC Technology by 61.1% in the 1st quarter. Bessemer Group Inc. now owns 3,680 shares of the company’s stock valued at $47,000 after acquiring an additional 1,395 shares during the last quarter. Covestor Ltd raised its holdings in DXC Technology by 31.2% in the 2nd quarter. Covestor Ltd now owns 6,603 shares of the company’s stock valued at $58,000 after acquiring an additional 1,570 shares during the last quarter. Finally, Royal Bank of Canada raised its holdings in DXC Technology by 9.1% in the 1st quarter. Royal Bank of Canada now owns 18,874 shares of the company’s stock valued at $238,000 after acquiring an additional 1,572 shares during the last quarter. Institutional investors and hedge funds own 96.20% of the company’s stock.

About DXC Technology

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.