DXC Technology (NYSE:DXC - Get Free Report)'s share price hit a new 52-week low during trading on Friday . The stock traded as low as $14.75 and last traded at $14.94, with a volume of 1323782 shares. The stock had previously closed at $16.41.
Analyst Upgrades and Downgrades
Separately, Morgan Stanley boosted their target price on DXC Technology from $20.00 to $22.00 and gave the company an "equal weight" rating in a research note on Friday, January 31st. One equities research analyst has rated the stock with a sell rating and six have assigned a hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $21.29.
Check Out Our Latest Report on DXC Technology
DXC Technology Stock Performance
The stock's 50 day moving average is $18.25 and its two-hundred day moving average is $20.01. The stock has a market capitalization of $2.82 billion, a price-to-earnings ratio of -37.05, a price-to-earnings-growth ratio of 1.16 and a beta of 1.37. The company has a current ratio of 1.34, a quick ratio of 1.34 and a debt-to-equity ratio of 1.12.
DXC Technology (NYSE:DXC - Get Free Report) last posted its quarterly earnings data on Tuesday, February 4th. The company reported $0.92 earnings per share for the quarter, topping the consensus estimate of $0.69 by $0.23. DXC Technology had a positive return on equity of 20.70% and a negative net margin of 0.57%. Analysts expect that DXC Technology will post 3.35 earnings per share for the current fiscal year.
Institutional Trading of DXC Technology
Institutional investors have recently made changes to their positions in the business. Point72 Asset Management L.P. bought a new stake in DXC Technology during the 3rd quarter worth about $1,438,000. XTX Topco Ltd increased its position in shares of DXC Technology by 294.7% in the third quarter. XTX Topco Ltd now owns 53,686 shares of the company's stock valued at $1,114,000 after acquiring an additional 40,085 shares during the last quarter. Barclays PLC raised its holdings in DXC Technology by 273.6% during the third quarter. Barclays PLC now owns 85,831 shares of the company's stock worth $1,781,000 after acquiring an additional 62,857 shares in the last quarter. M&T Bank Corp raised its holdings in DXC Technology by 29.3% during the third quarter. M&T Bank Corp now owns 14,602 shares of the company's stock worth $303,000 after acquiring an additional 3,309 shares in the last quarter. Finally, Sanctuary Advisors LLC acquired a new position in DXC Technology during the third quarter valued at approximately $258,000. Institutional investors own 96.20% of the company's stock.
About DXC Technology
(
Get Free Report)
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).
Featured Stories
Before you consider DXC Technology, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and DXC Technology wasn't on the list.
While DXC Technology currently has a Reduce rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Wondering where to start (or end) with AI stocks? These 10 simple stocks can help investors build long-term wealth as artificial intelligence continues to grow into the future.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
