DXC Technology (NYSE:DXC) Stock Price Down 6.7% – Time to Sell?

DXC Technology Company. (NYSE:DXC) shares dropped 6.7% during mid-day trading on Wednesday . The company traded as low as $8.20 and last traded at $8.30. Approximately 592,911 shares traded hands during mid-day trading, a decline of 81% from the average daily volume of 3,043,858 shares. The stock had previously closed at $8.90.

Wall Street Analyst Weigh In

A number of analysts have recently commented on DXC shares. BMO Capital Markets cut their price target on DXC Technology from $17.00 to $10.00 and set a “market perform” rating on the stock in a research note on Monday. Zacks Research lowered shares of DXC Technology from a “strong-buy” rating to a “hold” rating in a report on Tuesday, March 3rd. Weiss Ratings downgraded shares of DXC Technology from a “sell (d+)” rating to a “sell (d)” rating in a research report on Monday. Wall Street Zen cut shares of DXC Technology from a “buy” rating to a “hold” rating in a research report on Saturday, March 28th. Finally, TD Cowen dropped their price target on shares of DXC Technology from $15.00 to $14.00 and set a “hold” rating for the company in a research note on Monday, April 6th. Seven analysts have rated the stock with a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Reduce” and an average price target of $13.50.

DXC Technology Stock Performance

The stock has a 50 day moving average of $12.04 and a 200 day moving average of $13.32. The company has a market capitalization of $1.34 billion, a price-to-earnings ratio of 136.58 and a beta of 0.85. The company has a quick ratio of 1.35, a current ratio of 1.36 and a debt-to-equity ratio of 0.94.

DXC Technology (NYSE:DXC) last released its quarterly earnings results on Thursday, May 7th. The company reported $0.77 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.70 by $0.07. The firm had revenue of $3.13 billion during the quarter, compared to analyst estimates of $3.17 billion. DXC Technology had a net margin of 0.14% and a return on equity of 17.24%. The company’s revenue was down 1.2% compared to the same quarter last year. During the same quarter last year, the business earned $0.84 EPS. 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. As a group, analysts predict that DXC Technology Company. will post 2.78 EPS for the current year.

Insiders Place Their Bets

In other news, CEO Raul J. Fernandez bought 28,051 shares of the company’s stock in a transaction that occurred on Monday, May 11th. The shares were acquired at an average price of $8.90 per share, for a total transaction of $249,653.90. Following the completion of the acquisition, the chief executive officer directly owned 844,052 shares in the company, valued at approximately $7,512,062.80. This represents a 3.44% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. 0.61% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

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

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.