DXC Technology (NYSE:DXC) Given Average Rating of “Reduce” by Analysts

DXC Technology (NYSE:DXC) has earned an average rating of “Reduce” from the nine brokerages that are covering the company, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a sell rating and seven have issued a hold rating on the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $20.89.

Several equities analysts have issued reports on DXC shares. Susquehanna upped their price objective on shares of DXC Technology from $19.00 to $23.00 and gave the company a “neutral” rating in a research note on Friday, November 8th. Royal Bank of Canada boosted their target price on DXC Technology from $18.00 to $20.00 and gave the company a “sector perform” rating in a report on Friday, August 9th. BMO Capital Markets raised their price target on DXC Technology from $22.00 to $25.00 and gave the stock a “market perform” rating in a research note on Monday, November 11th. Finally, JPMorgan Chase & Co. lifted their price target on DXC Technology from $19.00 to $22.00 and gave the stock an “underweight” rating in a research report on Friday, September 6th.

DXC Technology Price Performance

DXC stock opened at $22.30 on Monday. The business has a 50 day moving average price of $20.82 and a 200 day moving average price of $19.53. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 1.18. The stock has a market cap of $4.04 billion, a price-to-earnings ratio of 278.78, a PEG ratio of 1.41 and a beta of 1.67. DXC Technology has a fifty-two week low of $14.78 and a fifty-two week high of $25.14.

DXC Technology (NYSE:DXC) last issued its quarterly earnings data on Thursday, November 7th. The company reported $0.93 earnings per share for the quarter, topping the consensus estimate of $0.72 by $0.21. The business had revenue of $3.24 billion during the quarter, compared to the consensus estimate of $3.21 billion. DXC Technology had a net margin of 0.18% and a return on equity of 20.42%. During the same quarter in the previous year, the firm earned $0.70 EPS. Equities research analysts anticipate that DXC Technology will post 3.18 earnings per share for the current fiscal year.

Insider Activity at DXC Technology

In other DXC Technology news, SVP Christopher Anthony Voci sold 2,500 shares of the company’s stock in a transaction on Friday, September 13th. The shares were sold at an average price of $21.37, for a total transaction of $53,425.00. Following the completion of the transaction, the senior vice president now owns 83,746 shares in the company, valued at approximately $1,789,652.02. This represents a 2.90 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.54% of the stock is currently owned by insiders.

Institutional Trading of DXC Technology

Hedge funds and other institutional investors have recently made changes to their positions in the company. Pacer Advisors Inc. lifted its holdings in shares of DXC Technology by 30.4% in the 2nd quarter. Pacer Advisors Inc. now owns 19,240,978 shares of the company’s stock valued at $367,310,000 after buying an additional 4,489,924 shares during the period. Marshall Wace LLP increased its stake in shares of DXC Technology by 1,047.3% during the 2nd quarter. Marshall Wace LLP now owns 820,585 shares of the company’s stock valued at $15,665,000 after acquiring an additional 749,060 shares during the last quarter. American Century Companies Inc. increased its holdings in shares of DXC Technology by 20.8% during the 2nd quarter. American Century Companies Inc. now owns 3,991,295 shares of the company’s stock worth $76,194,000 after buying an additional 687,522 shares during the last quarter. Millennium Management LLC increased its stake in DXC Technology by 352.6% during the second quarter. Millennium Management LLC now owns 625,197 shares of the company’s stock worth $11,935,000 after acquiring an additional 487,072 shares during the last quarter. Finally, Canada Pension Plan Investment Board grew its holdings in shares of DXC Technology by 3,173.3% during the 2nd quarter. Canada Pension Plan Investment Board now owns 451,712 shares of the company’s stock worth $8,623,000 after purchasing an additional 437,912 shares during the period. Hedge funds and other institutional investors own 96.20% of the company’s stock.

DXC Technology Company Profile

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).