DXC Technology (NYSE:DXC) Hits New 1-Year Low – Time to Sell?

Shares of DXC Technology (NYSE:DXC) reached a new 52-week low on Friday . The stock traded as low as $14.75 and last traded at $14.94, with a volume of 1323782 shares traded. The stock had previously closed at $16.41.

Analyst Upgrades and Downgrades

Separately, Morgan Stanley boosted their price objective 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 MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $21.29.

DXC Technology Stock Down 9.2 %

The stock has a market cap of $2.70 billion, a price-to-earnings ratio of -35.46, a price-to-earnings-growth ratio of 1.16 and a beta of 1.37. The firm’s fifty day moving average price is $18.93 and its two-hundred day moving average price is $20.22. The company has a debt-to-equity ratio of 1.12, a current ratio of 1.34 and a quick ratio of 1.34.

DXC Technology (NYSE:DXC) last posted its quarterly earnings results on Tuesday, February 4th. The company reported $0.92 earnings per share for the quarter, topping analysts’ consensus estimates 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%. Sell-side analysts forecast that DXC Technology will post 3.35 earnings per share for the current fiscal year.

Institutional Trading of DXC Technology

A number of hedge funds and other institutional investors have recently bought and sold shares of DXC. Newbridge Financial Services Group Inc. lifted its stake in shares of DXC Technology by 116.1% in the fourth quarter. Newbridge Financial Services Group Inc. now owns 1,675 shares of the company’s stock valued at $33,000 after buying an additional 900 shares in the last quarter. Meeder Asset Management Inc. bought a new position in DXC Technology in the 4th quarter valued at about $55,000. Smartleaf Asset Management LLC boosted its stake in DXC Technology by 366.4% during the 4th quarter. Smartleaf Asset Management LLC now owns 2,999 shares of the company’s stock valued at $60,000 after purchasing an additional 2,356 shares during the last quarter. Brown Lisle Cummings Inc. increased its holdings in DXC Technology by 60.0% during the 4th quarter. Brown Lisle Cummings Inc. now owns 3,200 shares of the company’s stock worth $64,000 after purchasing an additional 1,200 shares in the last quarter. Finally, Quarry LP raised its stake in shares of DXC Technology by 604.1% in the fourth quarter. Quarry LP now owns 3,978 shares of the company’s stock worth $79,000 after purchasing an additional 3,413 shares during the last quarter. 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).