DXC Technology (NYSE:DXC) Receives $21.38 Average PT from Analysts

Shares of DXC Technology (NYSE:DXC) have received a consensus recommendation of “Reduce” from the eight analysts that are currently covering the firm, Marketbeat reports. One research analyst has rated the stock with a sell recommendation and seven have assigned a hold recommendation to the company. The average 12 month price target among brokers that have covered the stock in the last year is $21.38.

A number of brokerages have issued reports on DXC. 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 report on Friday, January 31st. BMO Capital Markets boosted their price objective on DXC Technology from $22.00 to $25.00 and gave the company a “market perform” rating in a research report on Monday, November 11th. Finally, Susquehanna boosted their price objective on DXC Technology from $19.00 to $23.00 and gave the stock a “neutral” rating in a research report on Friday, November 8th.

DXC Technology Trading Down 0.0 %

NYSE DXC opened at $20.07 on Friday. The stock has a market capitalization of $3.63 billion, a P/E ratio of -47.78, a P/E/G ratio of 1.59 and a beta of 1.65. The firm has a 50-day moving average price of $20.92 and a 200 day moving average price of $20.75. 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 1.34 and a debt-to-equity ratio of 1.12.

DXC Technology (NYSE:DXC) last posted its earnings results on Tuesday, February 4th. The company reported $0.92 EPS for the quarter, topping 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%. Equities research analysts expect that DXC Technology will post 3.36 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Arizona State Retirement System lifted its position in DXC Technology by 1.1% during the 4th quarter. Arizona State Retirement System now owns 52,475 shares of the company’s stock worth $1,048,000 after buying an additional 566 shares in the last quarter. Highland Capital Management LLC boosted its position in shares of 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 purchasing an additional 731 shares in the last quarter. Corient Private Wealth LLC lifted its holdings in DXC Technology by 2.3% during the fourth quarter. Corient Private Wealth LLC now owns 32,796 shares of the company’s stock worth $655,000 after acquiring an additional 740 shares in the last quarter. Newbridge Financial Services Group Inc. lifted 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 valued at $33,000 after purchasing an additional 900 shares in the last quarter. Finally, CIBC Asset Management Inc lifted its stake in DXC Technology by 5.6% in the fourth quarter. CIBC Asset Management Inc now owns 17,976 shares of the company’s stock valued at $359,000 after buying an additional 950 shares in the last quarter. 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).