DXC Technology Co (NYSE:DXC) insider John M. Lawrie acquired 4,166 shares of DXC Technology stock in a transaction on Thursday, July 18th. The shares were purchased at an average cost of $56.26 per share, for a total transaction of $234,379.16. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.
DXC stock opened at $55.93 on Monday. The company has a fifty day moving average of $53.24. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.96 and a current ratio of 0.96. The firm has a market cap of $14.90 billion, a P/E ratio of 6.71, a P/E/G ratio of 1.75 and a beta of 1.74. DXC Technology Co has a twelve month low of $46.46 and a twelve month high of $96.75.
DXC Technology (NYSE:DXC) last posted its quarterly earnings results on Thursday, May 23rd. The company reported $2.19 earnings per share for the quarter, beating the Zacks’ consensus estimate of $2.07 by $0.12. The company had revenue of $5.28 billion for the quarter, compared to the consensus estimate of $5.30 billion. DXC Technology had a return on equity of 20.09% and a net margin of 6.06%. The firm’s quarterly revenue was down 5.4% on a year-over-year basis. During the same quarter in the prior year, the business posted $2.28 EPS. Analysts predict that DXC Technology Co will post 8.18 EPS for the current year.
Hedge funds have recently bought and sold shares of the company. Cribstone Capital Management LLC lifted its stake in shares of DXC Technology by 187.1% in the 1st quarter. Cribstone Capital Management LLC now owns 491 shares of the company’s stock valued at $32,000 after purchasing an additional 320 shares during the period. Truvestments Capital LLC bought a new stake in shares of DXC Technology in the 1st quarter valued at $37,000. Cornerstone Advisors Inc. increased its position in shares of DXC Technology by 100.0% in the 1st quarter. Cornerstone Advisors Inc. now owns 578 shares of the company’s stock valued at $37,000 after buying an additional 289 shares in the last quarter. Water Island Capital LLC bought a new stake in shares of DXC Technology in the 1st quarter valued at $42,000. Finally, Lake Point Wealth Management bought a new stake in shares of DXC Technology in the 4th quarter valued at $38,000. 85.94% of the stock is currently owned by institutional investors.
Several research firms have issued reports on DXC. Goldman Sachs Group downgraded DXC Technology from a “conviction-buy” rating to a “buy” rating in a report on Monday, April 22nd. KeyCorp reduced their price objective on DXC Technology from $97.00 to $88.00 and set an “overweight” rating on the stock in a report on Monday, May 20th. Wells Fargo & Co reduced their price objective on DXC Technology from $72.00 to $55.00 and set a “market perform” rating on the stock in a report on Friday, May 24th. TheStreet downgraded ZovioInc . from a “c-” rating to a “d” rating in a report on Thursday, May 23rd. Finally, Bank of America set a $77.00 price objective on Zscaler and gave the stock a “neutral” rating in a report on Friday, May 31st. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and ten have assigned a buy rating to the stock. The company has an average rating of “Buy” and an average price target of $80.92.
DXC Technology Company Profile
DXC Technology Company, together with its subsidiaries, provides information technology services and solutions primarily in North America, Europe, Asia, and Australia. It operates through three segments: Global Business Services (GBS), Global Infrastructure Services (GIS), and United States Public Sector (USPS).
Featured Article: Support Level
Receive News & Ratings for DXC Technology Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for DXC Technology and related companies with MarketBeat.com's FREE daily email newsletter.