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DXC Technology Co (DXC) Stock Could Soon Reward Patient Investors

DXC Technology Co (NYSE: DXC) is -7.26% lower on its value in year-to-date trading and has touched a low of $18.61 and a high of $28.89 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The DXC stock was last observed hovering at around $21.06 in the last trading session, with the day’s gains setting it 0.15%.

Currently trading at $21.21, the stock is 1.80% and -1.63% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.37 million and changing 0.71% at the moment leaves the stock -6.38% off its SMA200. DXC registered -12.93% loss for a year compared to 6-month gain of 4.23%. The firm has a 50-day simple moving average (SMA 50) of $0.55 and a 200-day simple moving average (SMA200) of $7.58.

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The stock witnessed a -1.67% loss in the last 1 month and extending the period to 3 months gives it a -7.18%, and is 0.90% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 2.09% over the week and 2.51% over the month.

DXC Technology Co (DXC) has around 130000 employees, a market worth around $3.88B and $13.87B in sales. Fwd P/E is 6.05. Profit margin for the company is -3.35%. Distance from 52-week low is 13.97% and -26.58% from its 52-week high. The company has generated returns on investments over the last 12 months (-6.18%).

DXC Technology Co quarterly earnings per share for the current quarter are estimated at $0.83 with sales reaching $3.37B over the same period.The EPS is expected to shrink by -12.99% this year, but quarterly earnings will post -5.40% year-over-year. Quarterly sales are estimated to shrink -6.20% in year-over-year returns.

DXC Technology Co (DXC) Top Institutional Holders

612 institutions hold shares in DXC Technology Co (DXC), with institutional investors hold 101.12% of the company’s shares. The shares outstanding are 214.72M, and float is at 180.33M with Short Float at 8.12%. Institutions hold 100.06% of the Float.

The top institutional shareholder in the company is Vanguard Group Inc with over 26.31 million shares valued at $702.87 million. The investor’s holdings represent 12.82% of the DXC Shares outstanding. As of Jun 29, 2023, the second largest holder is Franklin Resources, Inc. with 18.03 million shares valued at $481.66 million to account for 8.79% of the shares outstanding. The other top investors are Blackrock Inc. which holds 15.84 million shares representing 7.72% and valued at over $423.27 million, while Invesco Ltd. holds 7.60% of the shares totaling 15.6 million with a market value of $416.88 million.

DXC Technology Co (DXC) Insider Activity

The most recent transaction is an insider sale by Drumgoole Christopher,the company’sGlobal Lead, Cloud Inf. & ITO. SEC filings show that Drumgoole Christopher sold 10,000 shares of the company’s common stock on Mar 14 ’24 at a price of $20.33 per share for a total of $0.2 million. Following the sale, the insider now owns 0.21 million shares.

DXC Technology Co disclosed in a document filed with the SEC on Mar 14 ’24 that Voci Christopher Anthony (SVP, Controller and PAO) sold a total of 2,500 shares of the company’s common stock. The trade occurred on Mar 14 ’24 and was made at $20.60 per share for $51494.0. Following the transaction, the insider now directly holds 70851.0 shares of the DXC stock.

Still, SEC filings show that on Mar 01 ’24, DECKELMAN WILLIAM L JR (EVP & General Counsel) disposed off 18,102 shares at an average price of $21.88 for $0.4 million. The insider now directly holds 106,704 shares of DXC Technology Co (DXC).

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