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

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

Several brokerages have recently commented on DXC. Susquehanna boosted their price objective on DXC Technology from $19.00 to $23.00 and gave the stock a “neutral” rating in a report on Friday, November 8th. JPMorgan Chase & Co. increased their price target on shares of DXC Technology from $19.00 to $22.00 and gave the stock an “underweight” rating in a report on Friday, September 6th. Finally, BMO Capital Markets raised their price objective on shares of DXC Technology from $22.00 to $25.00 and gave the company a “market perform” rating in a research report on Monday, November 11th.

Institutional Trading of DXC Technology

Several large investors have recently modified their holdings of DXC. Pacer Advisors Inc. increased its position in DXC Technology by 4.7% during the 3rd quarter. Pacer Advisors Inc. now owns 20,140,488 shares of the company’s stock valued at $417,915,000 after purchasing an additional 899,510 shares during the period. American Century Companies Inc. raised its stake in DXC Technology by 20.8% in the second 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 in the last quarter. LSV Asset Management lifted its holdings in DXC Technology by 0.8% in the second quarter. LSV Asset Management now owns 3,436,128 shares of the company’s stock worth $65,596,000 after buying an additional 26,186 shares during the period. AQR Capital Management LLC boosted its position in DXC Technology by 11.3% during the 2nd quarter. AQR Capital Management LLC now owns 2,117,753 shares of the company’s stock valued at $39,898,000 after acquiring an additional 215,692 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its position in DXC Technology by 12.6% during the 2nd quarter. Bank of New York Mellon Corp now owns 1,704,485 shares of the company’s stock valued at $32,539,000 after acquiring an additional 191,101 shares in the last quarter. 96.20% of the stock is owned by institutional investors.

DXC Technology Stock Down 0.6 %

DXC stock opened at $20.37 on Friday. The stock has a 50-day simple moving average of $21.33 and a two-hundred day simple moving average of $20.30. DXC Technology has a twelve month low of $14.78 and a twelve month high of $24.83. The firm has a market capitalization of $3.69 billion, a PE ratio of 254.66, a PEG ratio of 1.40 and a beta of 1.65. 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 issued its quarterly earnings data 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 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 previous year, the company earned $0.70 earnings per share. On average, equities analysts predict that DXC Technology will post 3.18 EPS for the current fiscal year.

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).