DXC Technology Company. (NYSE:DXC) Receives $15.00 Average PT from Analysts

DXC Technology Company. (NYSE:DXC) has earned a consensus rating of “Reduce” from the eight research firms that are presently covering the stock, MarketBeat reports. Two equities research analysts have rated the stock with a sell recommendation and six have issued a hold recommendation on the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $15.00.

DXC has been the subject of several recent analyst reports. JPMorgan Chase & Co. cut their price objective on DXC Technology from $18.00 to $14.00 and set an “underweight” rating for the company in a report on Wednesday, August 20th. Weiss Ratings reiterated a “sell (d)” rating on shares of DXC Technology in a research note on Wednesday, October 8th. Susquehanna set a $14.00 price objective on shares of DXC Technology and gave the stock a “neutral” rating in a research note on Friday, October 31st. Stifel Nicolaus cut their target price on shares of DXC Technology from $15.00 to $14.00 and set a “hold” rating for the company in a research note on Friday, October 31st. Finally, Wall Street Zen raised DXC Technology from a “hold” rating to a “buy” rating in a report on Sunday, November 9th.

DXC Technology Price Performance

Shares of DXC opened at $14.14 on Friday. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 0.71. DXC Technology has a twelve month low of $11.82 and a twelve month high of $23.75. The stock has a market capitalization of $2.46 billion, a P/E ratio of 6.96 and a beta of 1.09. The company has a 50 day moving average of $13.28 and a 200-day moving average of $14.11.

DXC Technology (NYSE:DXC) last announced its quarterly earnings data on Friday, October 31st. The company reported $0.84 EPS for the quarter, topping analysts’ consensus estimates of $0.71 by $0.13. The business had revenue of $3.16 billion for the quarter, compared to analyst estimates of $3.17 billion. DXC Technology had a net margin of 2.93% and a return on equity of 17.83%. The firm’s revenue for the quarter was down 2.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.93 earnings per share. As a group, equities research analysts forecast that DXC Technology will post 3.35 EPS for the current fiscal year.

Insider Buying and Selling at DXC Technology

In other DXC Technology news, SVP Christopher Anthony Voci sold 2,500 shares of DXC Technology stock in a transaction on Thursday, September 11th. The stock was sold at an average price of $14.52, for a total value of $36,300.00. Following the completion of the transaction, the senior vice president directly owned 91,105 shares of the company’s stock, valued at $1,322,844.60. The trade was a 2.67% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.61% of the company’s stock.

Institutional Investors Weigh In On DXC Technology

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Cetera Investment Advisers acquired a new stake in DXC Technology in the first quarter valued at approximately $198,000. Bank of Nova Scotia boosted its holdings in shares of DXC Technology by 11.7% during the 1st quarter. Bank of Nova Scotia now owns 17,096 shares of the company’s stock valued at $291,000 after acquiring an additional 1,796 shares in the last quarter. ING Groep NV bought a new stake in DXC Technology during the 1st quarter worth $1,125,000. New Age Alpha Advisors LLC bought a new stake in DXC Technology during the 1st quarter worth $445,000. Finally, Connor Clark & Lunn Investment Management Ltd. acquired a new position in DXC Technology in the 1st quarter worth about $3,670,000. 96.20% of the stock is owned by institutional investors.

About DXC Technology

DXC Technology Company, together with its subsidiaries, provides information technology services and solutions in the United States, the United Kingdom, rest of Europe, Australia, and internationally. It operates in two segments, Global Business Services (GBS) and Global Infrastructure Services (GIS).