DXC Technology (NYSE:DXC) Stock Sees Heavy Call Option Buying

DXC Technology Company. (NYSE:DXC) was the recipient of some unusual options trading on Friday. Traders purchased 8,031 call options on the company. This is an increase of approximately 893% compared to the average daily volume of 809 call options.

Analyst Ratings Changes

A number of equities analysts recently commented on DXC shares. Stifel Nicolaus decreased their price target on DXC Technology from $12.00 to $10.50 and set a “hold” rating for the company in a research note on Friday, July 31st. Morgan Stanley set a $12.00 target price on shares of DXC Technology in a research report on Monday, August 3rd. Zacks Research raised DXC Technology from a “strong sell” rating to a “hold” rating in a report on Monday, July 13th. Royal Bank Of Canada lowered their target price on 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. Finally, Weiss Ratings upgraded shares of DXC Technology from a “sell (d)” rating to a “sell (d+)” rating in a research report on Tuesday, October 6th. Seven investment analysts have rated the stock with a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of “Reduce” and a consensus price target of $12.21.

DXC Technology Stock Performance

Shares of NYSE:DXC traded down $0.41 during trading on Friday, reaching $15.67. 445,179 shares of the stock were exchanged, compared to its average volume of 3,818,947. The firm has a market cap of $2.50 billion, a PE ratio of 22.39 and a beta of 0.79. The stock has a 50-day moving average price of $11.69 and a 200-day moving average price of $10.73. The company has a current ratio of 1.41, a quick ratio of 1.41 and a debt-to-equity ratio of 0.90. DXC Technology has a 12 month low of $7.90 and a 12 month high of $16.14.

DXC Technology (NYSE:DXC) last released 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 business had revenue of $3 billion for the quarter, compared to the consensus estimate of $2.99 billion. DXC Technology had a return on equity of 15.60% and a net margin of 0.99%. DXC Technology’s revenue was down 5.0% compared to the same quarter last year. During the same period in the prior year, the business posted $0.68 earnings per share. DXC Technology has set its Q2 2027 guidance at 0.550-0.550 EPS. Research analysts expect that DXC Technology will post 2.59 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of DXC. Yousif Capital Management LLC increased its position in DXC Technology by 2.1% in the 3rd quarter. Yousif Capital Management LLC now owns 57,828 shares of the company’s stock valued at $626,000 after acquiring an additional 1,170 shares during the period. Assenagon Asset Management S.A. increased its holdings in DXC Technology by 76.1% in the third quarter. Assenagon Asset Management S.A. now owns 140,433 shares of the company’s stock valued at $1,521,000 after purchasing an additional 60,674 shares during the period. Farther Finance Advisors LLC increased its holdings in DXC Technology by 289.0% in the third quarter. Farther Finance Advisors LLC now owns 4,396 shares of the company’s stock valued at $48,000 after purchasing an additional 3,266 shares during the period. Versant Capital Management Inc lifted its stake in shares of DXC Technology by 16.2% in the third quarter. Versant Capital Management Inc now owns 8,682 shares of the company’s stock worth $94,000 after acquiring an additional 1,208 shares during the period. Finally, Envestnet Asset Management Inc. increased its position in shares of DXC Technology by 99.1% during the second quarter. Envestnet Asset Management Inc. now owns 69,742 shares of the company’s stock worth $617,000 after buying an additional 34,722 shares during the period. 96.20% of the stock is currently owned by institutional investors and hedge funds.

DXC Technology Company Profile

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.