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DXC Technology Co (DXC) – Don’t Believe the Hype: Check The Facts

DXC Technology Co (NYSE: DXC) is -9.23% lower on its value in year-to-date trading and has touched a low of $14.78 and a high of $25.14 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 $20.80 in the last trading session, with the day’s loss setting it -0.04%.

Currently trading at $20.76, the stock is 2.08% and 5.45% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.73 million and changing -0.19% at the moment leaves the stock 1.18% off its SMA200. DXC registered 1.71% gain for a year compared to 6-month loss of 0.10%.

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The stock witnessed a 6.19% gain in the last 1 month and extending the period to 3 months gives it a 9.78%, and is -1.70% down 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 2.48% over the week and 2.49% over the month.

DXC Technology Co (DXC) has around 130000 employees, a market worth around $3.75B and $13.46B in sales. Current P/E ratio is 61.44 and Fwd P/E is 6.67. Profit margin for the company is 0.60%. Distance from 52-week low is 40.41% and -17.42% from its 52-week high. The company has generated returns on investments over the last 12 months (1.15%).

The EPS is expected to shrink by -8.34% this year

579.0 institutions hold shares in DXC Technology Co (DXC), with institutional investors hold 100.42% of the company’s shares. The shares outstanding are 178.84M, and float is at 178.48M with Short Float at 7.64%. Institutions hold 99.33% of the Float.

The top institutional shareholder in the company is BLACKROCK INC. with over 24.17 million shares valued at $461.42 million. The investor’s holdings represent 12.3447 of the DXC Shares outstanding. As of 2024-06-30, the second largest holder is VANGUARD GROUP INC with 22.42 million shares valued at $428.0 million to account for 11.4506 of the shares outstanding. The other top investors are PACER ADVISORS, INC. which holds 19.24 million shares representing 9.8269 and valued at over $367.31 million, while DIMENSIONAL FUND ADVISORS LP holds 5.0135 of the shares totaling 9.82 million with a market value of $187.39 million.

DXC Technology Co (DXC) Insider Activity

The most recent transaction is an insider sale by Finch Mary E, the company’s EVP, Chief People Officer. SEC filings show that Finch Mary E sold 31,047 shares of the company’s common stock on Aug 12 ’24 at a price of $19.36 per share for a total of $0.6 million. Following the sale, the insider now owns 0.33 million shares.

Still, SEC filings show that on Mar 14 ’24, Voci Christopher Anthony (SVP, Controller and PAO) disposed off 2,500 shares at an average price of $20.60 for $51494.0. The insider now directly holds 70,851 shares of DXC Technology Co (DXC).

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