DXC Technology Target of Unusually Large Options Trading (NYSE:DXC)

DXC Technology (NYSE:DXC - Get Free Report) was the target of unusually large options trading activity on Thursday. Stock investors bought 5,431 put options on the stock. This represents an increase of 1,120% compared to the average daily volume of 445 put options.

DXC Technology Stock Up 3.2 %

Shares of NYSE DXC traded up $0.66 during trading on Thursday, reaching $21.49. The company had a trading volume of 1,053,394 shares, compared to its average volume of 2,018,316. DXC Technology has a 12-month low of $14.78 and a 12-month high of $24.83. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 1.18. The business's 50-day moving average is $21.33 and its 200 day moving average is $20.13. The stock has a market cap of $3.89 billion, a PE ratio of 268.66, 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 data on Thursday, November 7th. The company reported $0.93 EPS for the quarter, beating the consensus estimate of $0.72 by $0.21. The company had revenue of $3.24 billion for the quarter, compared to the consensus estimate of $3.21 billion. DXC Technology had a net margin of 0.18% and a return on equity of 20.42%. During the same period in the prior year, the firm posted $0.70 EPS. As a group, equities analysts forecast that DXC Technology will post 3.18 earnings per share for the current fiscal year.

Institutional Investors Weigh In On DXC Technology

Institutional investors and hedge funds have recently made changes to their positions in the company. Fifth Third Bancorp boosted its stake in DXC Technology by 40.1% during the 2nd quarter. Fifth Third Bancorp now owns 1,954 shares of the company's stock valued at $37,000 after purchasing an additional 559 shares during the last quarter. United Services Automobile Association boosted its position in shares of DXC Technology by 5.0% during the second quarter. United Services Automobile Association now owns 14,333 shares of the company's stock valued at $274,000 after buying an additional 679 shares during the last quarter. SummerHaven Investment Management LLC increased 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 worth $507,000 after buying an additional 995 shares in the last quarter. GAMMA Investing LLC raised its position in DXC Technology by 48.7% in 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 last quarter. Finally, William B. Walkup & Associates Inc. purchased a new position in DXC Technology in the 2nd quarter worth about $26,000. Institutional investors own 96.20% of the company's stock.

Wall Street Analyst Weigh In

Several research firms have weighed in on DXC. Susquehanna lifted their price objective on DXC Technology from $19.00 to $23.00 and gave the company a "neutral" rating in a research report on Friday, November 8th. BMO Capital Markets upped their price target on DXC Technology from $22.00 to $25.00 and gave the stock a "market perform" rating in a research note on Monday, November 11th. Finally, JPMorgan Chase & Co. raised their price objective on DXC Technology from $19.00 to $22.00 and gave the company 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 given a hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus 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).