DXC Technology (NYSE:DXC) Reaches New 52-Week High – Time to Buy?

DXC Technology Company. (NYSE:DXC)’s stock price hit a new 52-week high on Thursday. The company traded as high as $15.68 and last traded at $15.6350, with a volume of 1,310,220 shares. The stock had previously closed at $15.40.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on DXC. Weiss Ratings upgraded shares of DXC Technology from a “sell (d)” rating to a “sell (d+)” rating in a report on Tuesday, October 6th. TD Cowen lifted their price objective on shares of DXC Technology from $10.00 to $12.00 and gave the stock a “hold” rating in a research report on Monday, August 3rd. Stifel Nicolaus dropped their target price on shares of DXC Technology from $12.00 to $10.50 and set a “hold” rating on the stock in a research note on Friday, July 31st. Zacks Research raised shares of DXC Technology from a “strong sell” rating to a “hold” rating in a research report on Monday, July 13th. Finally, Royal Bank Of Canada decreased their price target on shares of DXC Technology from $16.00 to $14.00 and set a “sector perform” rating for the company in a research note on Friday, July 31st. Seven research analysts have rated the stock with a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Reduce” and an average price target of $12.21.

DXC Technology Stock Performance

The stock has a market capitalization of $2.57 billion, a P/E ratio of 23.00 and a beta of 0.79. The company has a 50 day simple moving average of $11.59 and a 200-day simple moving average of $10.70. The company has a debt-to-equity ratio of 0.90, a current ratio of 1.41 and a quick ratio of 1.41.

DXC Technology (NYSE:DXC) last issued its quarterly earnings results on Thursday, July 30th. The company reported $0.40 EPS for the quarter, missing analysts’ consensus estimates of $0.41 by ($0.01). The firm had revenue of $3 billion for the quarter, compared to analysts’ expectations of $2.99 billion. DXC Technology had a net margin of 0.99% and a return on equity of 15.60%. The firm’s quarterly revenue was down 5.0% on a year-over-year basis. During the same period in the prior year, the company earned $0.68 EPS. DXC Technology has set its Q2 2027 guidance at 0.550-0.550 EPS. On average, equities analysts forecast that DXC Technology Company. will post 2.59 EPS for the current year.

Institutional Investors Weigh In On DXC Technology

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Bank of America Corp DE purchased a new stake in shares of DXC Technology during the second quarter worth $11,706,000. Nierenberg Investment Management Company LLC bought a new position in shares of DXC Technology in the second quarter worth $907,214. State Street Corp grew its position in shares of DXC Technology by 25.0% in the second quarter. State Street Corp now owns 7,683,280 shares of the company’s stock valued at $67,997,000 after purchasing an additional 1,536,243 shares in the last quarter. Hara Capital LLC purchased a new position in shares of DXC Technology in the second quarter valued at $2,318,000. Finally, Legal & General Group Plc bought a new stake in shares of DXC Technology during the 2nd quarter valued at $4,054,000. 96.20% of the stock is currently owned by institutional investors.

About DXC Technology

DXC Technology (NYSE: DXC) is a global information technology services and solutions company that helps organizations modernize and manage their technology environments. Its services include consulting, application development and management, cloud migration and operations, cybersecurity, data and analytics, enterprise technology management, and workplace and end-user services.

The company serves businesses and government organizations across a range of industries, including financial services, healthcare, insurance, manufacturing, aerospace and defense, automotive, retail, and the public sector.