DXC Technology (NYSE:DXC) Trading 5.9% Higher – Still a Buy?

DXC Technology (NYSE:DXC) traded up 5.9% during mid-day trading on Wednesday . The stock traded as high as $20.74 and last traded at $20.74. 561,589 shares changed hands during mid-day trading, a decline of 73% from the average session volume of 2,111,804 shares. The stock had previously closed at $19.59.

Analyst Ratings Changes

DXC has been the subject of several research reports. Susquehanna raised their target price on DXC Technology from $19.00 to $23.00 and gave the stock a “neutral” rating in a research report on Friday, November 8th. Royal Bank of Canada lifted their target price on shares of DXC Technology from $18.00 to $20.00 and gave the company a “sector perform” rating in a research report on Friday, August 9th. JPMorgan Chase & Co. increased their price target on shares of DXC Technology from $19.00 to $22.00 and gave the stock an “underweight” rating in a research report on Friday, September 6th. Finally, BMO Capital Markets lifted their price objective on DXC Technology from $22.00 to $25.00 and gave the company a “market perform” rating in a report on Monday, November 11th. Two research analysts have rated the stock with a sell rating and seven have assigned a hold rating to the stock. Based on data from MarketBeat.com, DXC Technology currently has a consensus rating of “Hold” and an average price target of $20.89.

DXC Technology Stock Up 2.2 %

The firm’s 50 day moving average is $20.80 and its two-hundred day moving average is $19.51. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 1.18. The firm has a market cap of $4.04 billion, a P/E ratio of 279.38, a price-to-earnings-growth ratio of 1.27 and a beta of 1.67.

DXC Technology (NYSE:DXC) last released its quarterly earnings results on Thursday, November 7th. The company reported $0.93 earnings per share for the quarter, beating the consensus estimate of $0.72 by $0.21. The company had revenue of $3.24 billion during the quarter, compared to analysts’ expectations of $3.21 billion. DXC Technology had a net margin of 0.18% and a return on equity of 20.42%. During the same quarter in the prior year, the company earned $0.70 earnings per share. As a group, research analysts anticipate that DXC Technology will post 3.18 EPS for the current fiscal year.

Insider Activity at DXC Technology

In other DXC Technology news, SVP Christopher Anthony Voci sold 2,500 shares of the business’s stock in a transaction that occurred on Friday, September 13th. The stock was sold at an average price of $21.37, for a total transaction of $53,425.00. Following the transaction, the senior vice president now owns 83,746 shares of the company’s stock, valued at $1,789,652.02. The trade was a 2.90 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.54% of the stock is owned by insiders.

Hedge Funds Weigh In On DXC Technology

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Fifth Third Bancorp lifted its position in DXC Technology by 40.1% during the second quarter. Fifth Third Bancorp now owns 1,954 shares of the company’s stock worth $37,000 after acquiring an additional 559 shares during the last quarter. Mather Group LLC. lifted its holdings in DXC Technology by 55.0% during the 2nd quarter. Mather Group LLC. now owns 1,637 shares of the company’s stock worth $35,000 after purchasing an additional 581 shares during the last quarter. United Services Automobile Association boosted its stake in DXC Technology by 5.0% in the 2nd quarter. United Services Automobile Association now owns 14,333 shares of the company’s stock valued at $274,000 after purchasing an additional 679 shares during the period. SummerHaven Investment Management LLC grew its holdings in DXC Technology by 3.9% in the 2nd quarter. SummerHaven Investment Management LLC now owns 26,573 shares of the company’s stock valued at $507,000 after buying an additional 995 shares in the last quarter. Finally, GAMMA Investing LLC increased its position in DXC Technology by 48.7% during the 3rd quarter. GAMMA Investing LLC now owns 3,425 shares of the company’s stock worth $71,000 after buying an additional 1,122 shares during the period. Institutional investors own 96.20% of the company’s stock.

About DXC Technology

DXC Technology Company, together with its subsidiaries, provides information technology services and solutions in the United States, the United Kingdom, rest of Europe, Australia, and internationally. It operates in two segments, Global Business Services (GBS) and Global Infrastructure Services (GIS).