DXC Technology (NYSE:DXC) Short Interest Update

DXC Technology (NYSE:DXC - Get Free Report) was the recipient of a significant decrease in short interest in November. As of November 30th, there was short interest totalling 8,070,000 shares, a decrease of 7.5% from the November 15th total of 8,720,000 shares. Based on an average trading volume of 1,260,000 shares, the short-interest ratio is currently 6.4 days. Approximately 4.5% of the company's stock are short sold.

DXC Technology Price Performance

NYSE:DXC traded up $0.01 during mid-day trading on Monday, reaching $21.47. The stock had a trading volume of 672,469 shares, compared to its average volume of 2,032,025. DXC Technology has a 12 month low of $14.78 and a 12 month high of $25.09. The stock has a 50-day simple moving average of $21.25 and a two-hundred day simple moving average of $20.04. The company has a debt-to-equity ratio of 1.18, a current ratio of 1.25 and a quick ratio of 1.25. The stock has a market capitalization of $3.89 billion, a PE ratio of 268.28, a P/E/G ratio of 1.40 and a beta of 1.65.

DXC Technology (NYSE:DXC - Get Free Report) last announced its quarterly earnings results on Thursday, November 7th. The company reported $0.93 EPS for the quarter, beating analysts' consensus estimates of $0.72 by $0.21. The firm had revenue of $3.24 billion for the quarter, compared to analyst estimates of $3.21 billion. DXC Technology had a return on equity of 20.42% and a net margin of 0.18%. During the same period last year, the firm posted $0.70 earnings per share. On average, equities analysts anticipate that DXC Technology will post 3.18 earnings per share for the current year.

Institutional Trading of DXC Technology

Several institutional investors and hedge funds have recently made changes to their positions in DXC. Franklin Resources Inc. boosted its holdings in shares of DXC Technology by 2.4% in the third quarter. Franklin Resources Inc. now owns 63,230 shares of the company's stock worth $1,272,000 after acquiring an additional 1,502 shares during the period. Sanctuary Advisors LLC purchased a new position in shares of DXC Technology in the third quarter worth $258,000. Barclays PLC lifted its holdings in DXC Technology by 273.6% in the 3rd quarter. Barclays PLC now owns 85,831 shares of the company's stock worth $1,781,000 after buying an additional 62,857 shares during the period. M&T Bank Corp increased its position in shares of DXC Technology by 29.3% during the third quarter. M&T Bank Corp now owns 14,602 shares of the company's stock valued at $303,000 after buying an additional 3,309 shares during the period. Finally, XTX Topco Ltd lifted its position in DXC Technology by 294.7% during the third quarter. XTX Topco Ltd now owns 53,686 shares of the company's stock valued at $1,114,000 after buying an additional 40,085 shares during the period. Hedge funds and other institutional investors own 96.20% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the company. Susquehanna increased their price target on DXC Technology from $19.00 to $23.00 and gave the company a "neutral" rating in a research note on Friday, November 8th. BMO Capital Markets raised their price target on DXC Technology from $22.00 to $25.00 and gave the company a "market perform" rating in a research report on Monday, November 11th. Finally, JPMorgan Chase & Co. raised their target price on DXC Technology from $19.00 to $22.00 and gave the stock an "underweight" rating in a research report on Friday, September 6th. Two investment analysts have rated the stock with a sell rating and seven have issued a hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $20.89.

DXC Technology Company Profile

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).

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