DXC Technology (NYSE:DXC) Receives $20.89 Average Price Target from Brokerages

Shares of DXC Technology (NYSE:DXC) have received an average rating of “Reduce” from the eight brokerages that are covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating and seven have assigned a hold rating to the company. The average 1-year price objective among brokers that have covered the stock in the last year is $20.88.

A number of equities research analysts have weighed in on the stock. BMO Capital Markets upped their price objective on shares of DXC Technology from $22.00 to $25.00 and gave the stock a “market perform” rating in a report on Monday, November 11th. Susquehanna increased their price target on shares of DXC Technology from $19.00 to $23.00 and gave the company a “neutral” rating in a report on Friday, November 8th.

Institutional Investors Weigh In On DXC Technology

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Assenagon Asset Management S.A. boosted its holdings in DXC Technology by 4,893.5% in the fourth quarter. Assenagon Asset Management S.A. now owns 669,576 shares of the company’s stock worth $13,378,000 after purchasing an additional 656,167 shares during the last quarter. Oak Thistle LLC purchased a new stake in DXC Technology in the fourth quarter worth approximately $654,000. Matrix Trust Co boosted its holdings in DXC Technology by 347.2% in the fourth quarter. Matrix Trust Co now owns 9,343 shares of the company’s stock worth $187,000 after purchasing an additional 7,254 shares during the last quarter. Range Financial Group LLC purchased a new stake in DXC Technology in the fourth quarter worth approximately $300,000. Finally, JPMorgan Chase & Co. boosted its holdings in DXC Technology by 1.3% in the third quarter. JPMorgan Chase & Co. now owns 823,191 shares of the company’s stock worth $17,081,000 after purchasing an additional 10,922 shares during the last quarter. Hedge funds and other institutional investors own 96.20% of the company’s stock.

DXC Technology Price Performance

Shares of DXC opened at $20.65 on Tuesday. The stock has a market cap of $3.74 billion, a PE ratio of 258.18, a price-to-earnings-growth ratio of 1.26 and a beta of 1.66. The company has a debt-to-equity ratio of 1.18, a quick ratio of 1.25 and a current ratio of 1.25. DXC Technology has a fifty-two week low of $14.78 and a fifty-two week high of $24.83. The firm’s 50-day simple moving average is $21.18 and its two-hundred day simple moving average is $20.47.

DXC Technology (NYSE:DXC) last announced its quarterly earnings data on Thursday, November 7th. The company reported $0.93 earnings per share for the quarter, topping analysts’ consensus estimates of $0.72 by $0.21. The business had revenue of $3.24 billion for the quarter, compared to analysts’ expectations 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 prior year, the company earned $0.70 earnings per share. Analysts anticipate that DXC Technology will post 3.18 earnings per share for the current fiscal year.

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).