Morgan Stanley Issues Positive Forecast for DXC Technology (NYSE:DXC) Stock Price

DXC Technology (NYSE:DXC) had its price target increased by Morgan Stanley from $20.00 to $22.00 in a research note issued on Friday,Benzinga reports. The brokerage currently has an “equal weight” rating on the stock. Morgan Stanley’s price target suggests a potential upside of 1.79% from the stock’s previous close.

Other equities analysts have also recently issued reports about the company. Susquehanna lifted their target price on DXC Technology from $19.00 to $23.00 and gave the stock a “neutral” rating in a report on Friday, November 8th. BMO Capital Markets lifted their price objective on shares of DXC Technology from $22.00 to $25.00 and gave the stock a “market perform” rating in a research report on Monday, November 11th. One research analyst has rated the stock with a sell rating and seven have given a hold rating to the stock. According to data from MarketBeat, DXC Technology presently has an average rating of “Hold” and an average price target of $21.38.

DXC Technology Stock Up 0.3 %

Shares of NYSE:DXC opened at $21.61 on Friday. The company has a 50 day moving average of $21.11 and a two-hundred day moving average of $20.63. The company has a market capitalization of $3.91 billion, a price-to-earnings ratio of 270.21, a price-to-earnings-growth ratio of 1.40 and a beta of 1.66. DXC Technology has a 52-week low of $14.78 and a 52-week high of $24.83. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 1.18.

DXC Technology (NYSE:DXC) last posted its earnings results on Thursday, November 7th. The company reported $0.93 EPS for the quarter, beating the consensus estimate of $0.72 by $0.21. The company had revenue of $3.24 billion during the quarter, compared to analyst estimates of $3.21 billion. DXC Technology had a return on equity of 20.42% and a net margin of 0.18%. During the same period in the prior year, the company earned $0.70 earnings per share. As a group, analysts forecast that DXC Technology will post 3.18 earnings per share for the current fiscal year.

Institutional Trading of DXC Technology

Hedge funds and other institutional investors have recently modified their holdings of the company. Highland Capital Management LLC grew its position in DXC Technology by 6.6% during the fourth quarter. Highland Capital Management LLC now owns 11,850 shares of the company’s stock worth $237,000 after buying an additional 731 shares in the last quarter. Newbridge Financial Services Group Inc. grew its holdings in shares of DXC Technology by 116.1% during the 4th quarter. Newbridge Financial Services Group Inc. now owns 1,675 shares of the company’s stock worth $33,000 after purchasing an additional 900 shares in the last quarter. GAMMA Investing LLC raised its stake in shares of DXC Technology by 48.7% in the third quarter. GAMMA Investing LLC now owns 3,425 shares of the company’s stock valued at $71,000 after purchasing an additional 1,122 shares in the last quarter. Brown Lisle Cummings Inc. lifted its position in DXC Technology by 60.0% in the fourth quarter. Brown Lisle Cummings Inc. now owns 3,200 shares of the company’s stock worth $64,000 after purchasing an additional 1,200 shares during the period. Finally, Franklin Resources Inc. boosted its stake in DXC Technology by 2.4% during the third quarter. Franklin Resources Inc. now owns 63,230 shares of the company’s stock worth $1,272,000 after buying an additional 1,502 shares in the last quarter. 96.20% of the stock is currently owned by hedge funds and other institutional investors.

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).