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

DXC Technology (NYSE:DXC) has received an average recommendation of “Reduce” from the eight analysts that are currently covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating and seven have given a hold rating to the company. The average twelve-month target price among brokerages that have covered the stock in the last year is $21.38.

Separately, Morgan Stanley upped their target price on DXC Technology from $20.00 to $22.00 and gave the company an “equal weight” rating in a research note on Friday, January 31st.

DXC Technology Trading Down 1.3 %

DXC opened at $17.53 on Wednesday. The stock has a market cap of $3.17 billion, a price-to-earnings ratio of -41.73, a P/E/G ratio of 1.16 and a beta of 1.62. The stock’s 50 day moving average price is $20.13 and its 200-day moving average price is $20.70. DXC Technology has a one year low of $14.78 and a one year high of $24.83. The company has a debt-to-equity ratio of 1.12, a quick ratio of 1.34 and a current ratio of 1.34.

DXC Technology (NYSE:DXC) last released its earnings results on Tuesday, February 4th. The company reported $0.92 EPS for the quarter, beating analysts’ consensus estimates of $0.69 by $0.23. DXC Technology had a positive return on equity of 20.70% and a negative net margin of 0.57%. On average, equities analysts forecast that DXC Technology will post 3.35 EPS for the current year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Treasurer of the State of North Carolina grew its stake in DXC Technology by 0.6% in the fourth quarter. Treasurer of the State of North Carolina now owns 78,639 shares of the company’s stock worth $1,571,000 after purchasing an additional 490 shares in the last quarter. Arizona State Retirement System grew its stake in DXC Technology by 1.1% in the fourth quarter. Arizona State Retirement System now owns 52,475 shares of the company’s stock worth $1,048,000 after purchasing an additional 566 shares in the last quarter. Vident Advisory LLC grew its stake in DXC Technology by 2.5% in the fourth quarter. Vident Advisory LLC now owns 25,279 shares of the company’s stock worth $505,000 after purchasing an additional 624 shares in the last quarter. Highland Capital Management LLC boosted its position in DXC Technology by 6.6% during the 4th quarter. Highland Capital Management LLC now owns 11,850 shares of the company’s stock valued at $237,000 after acquiring an additional 731 shares in the last quarter. Finally, Corient Private Wealth LLC boosted its position in DXC Technology by 2.3% during the 4th quarter. Corient Private Wealth LLC now owns 32,796 shares of the company’s stock valued at $655,000 after acquiring an additional 740 shares in the last quarter. 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).