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DXC Technology Company (NYSE: DXC) Is Worth A Shot If You’re A Risk-Capital Investor

In the last trading session, 10.52 million DXC Technology Company (NYSE:DXC) shares changed hands as the company’s beta touched 1.97. With the company’s per share price at $20.69 changed hands at $0.0 or 0.00% during last session, the market valuation stood at $4.25B. DXC’s last price was a discount, traded about -46.3% off its 52-week high of $30.27. The share price had its 52-week low at $18.61, which suggests the last value was 10.05% up since then. When we look at DXC Technology Company’s average trading volume, we note the 10-day average is 3.31 million shares, with the 3-month average coming to 2.32 million.

Analysts gave the DXC Technology Company (DXC) stock a consensus recommendation rating of a Hold, calculated at a mean rating of 3.10. If we narrow down to specifics, the data shows that 1 out of 15 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 13 recommended DXC as a Hold, 0 felt it is a Buy and 1 rated the stock as Underweight. DXC Technology Company’s EPS for the current quarter is expected to be $0.67.

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DXC Technology Company (NYSE:DXC) trade information

The company’s shares are showing year-to-date downside of -21.92%, with the 5-day performance at 0.68% in the green. However, in the 30-day time frame, DXC Technology Company (NYSE:DXC) is 1.27% up. Looking at the short shares, we see there were 9.71 million shares sold at short interest cover period of 3.18 days.

The consensus price target for the stock as assigned by Wall Street analysts is $24.92, meaning bulls need an upside of 16.97% from its current market value. According to analyst projections, DXC’s forecast low is $21.00 with $30.00 as the target high. To hit the forecast high, the stock’s price needs a -45.0% plunge from its current level, while the stock would need to soar -1.5% for it to hit the projected low.

DXC Technology Company (DXC) estimates and forecasts

Data shows that the DXC Technology Company share is performing relatively much not better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot -11.84% over the past 6 months, a -8.93% in annual growth rate that is considerably lower than the industry average of 7.60%. Moreover, analysts have looked to lower expectations by upgrading its fiscal year 2023 revenue estimates. The rating firms predict current quarter revenue for DXC Technology Company will fall -10.70%, while the growth in revenue is estimated to hit -6.30% for the next quarter. Year-over-year growth is forecast to reach -3.70% down from the last financial year.

Consensus estimates given by 10 financial analysts project the company’s revenue in the current quarter to hit an average of $3.44 billion. 10 analysts are of the opinion that DXC Technology Company’s revenue for the quarter ending Dec 2023 will be $3.49 billion. The company’s revenue for the corresponding quarters a year ago was $3.55 billion. According to analysts, the company will likely register a growth in its current quarter sales, forecast at -3.20%.

Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of -20.30%. The 2023 estimates are for DXC Technology Company earnings to decrease by -198.60%, but the outlook for the next 5-year period is at 4.62% per year.

DXC Dividends

DXC Technology Company is expected to release its next quarterly earnings report between November 01 and November 06.

DXC Technology Company (NYSE:DXC)’s Major holders

If we look at who the major shareholders are, we find that insiders hold 0.99% of DXC Technology Company shares while 97.90% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 98.88%. There are 97.90% institutions holding the DXC Technology Company stock share, with Vanguard Group Inc the top institutional holder. As of Jun 29, 2023, the company held 12.82% of the shares, roughly 26.31 million DXC shares worth $544.25 million.

Franklin Resources, Inc. holds the second largest percentage of outstanding shares, with 8.79% or 18.03 million shares worth $372.96 million as of Jun 29, 2023.

Among Mutual Funds, the top two as of Jun 29, 2023 were Vanguard Total Stock Market Index Fund and Templeton Growth Fund, Inc.. With 6.66 million shares estimated at $137.89 million under it, the former controlled 3.25% of total outstanding shares. On the other hand, Templeton Growth Fund, Inc. held about 2.75% of the shares, roughly 5.65 million shares worth around $116.81 million.

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