Analysts Set DXC Technology Company. (NYSE:DXC) PT at $12.44

DXC Technology Company. (NYSE:DXC) has been assigned an average rating of “Reduce” from the ten analysts that are presently covering the firm, Marketbeat.com reports. Three equities research analysts have rated the stock with a sell recommendation and seven have assigned a hold recommendation to the company. The average 1 year price objective among analysts that have covered the stock in the last year is $12.4375.

Several research firms recently issued reports on DXC. Royal Bank Of Canada reduced their price target on DXC Technology from $16.00 to $14.00 and set a “sector perform” rating on the stock in a research report on Friday, July 31st. Weiss Ratings reissued a “sell (d)” rating on shares of DXC Technology in a research note on Friday, August 7th. BMO Capital Markets cut their target price on shares of DXC Technology from $17.00 to $10.00 and set a “market perform” rating on the stock in a report on Monday, May 11th. Stifel Nicolaus cut their target price on shares of DXC Technology from $12.00 to $10.50 and set a “hold” rating on the stock in a report on Friday, July 31st. Finally, Morgan Stanley set a $12.00 price objective on shares of DXC Technology in a research report on Monday, August 3rd.

DXC Technology Trading Up 0.0%

Shares of DXC stock opened at $10.79 on Wednesday. The business has a 50-day moving average price of $9.72 and a two-hundred day moving average price of $11.14. The firm has a market cap of $1.72 billion, a P/E ratio of 15.42 and a beta of 0.79. DXC Technology has a 12-month low of $7.90 and a 12-month high of $15.68. The company has a quick ratio of 1.41, a current ratio of 1.41 and a debt-to-equity ratio of 0.90.

DXC Technology (NYSE:DXC) last announced its quarterly earnings data on Thursday, July 30th. The company reported $0.40 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.41 by ($0.01). DXC Technology had a net margin of 0.99% and a return on equity of 15.60%. The company had revenue of $3 billion for the quarter, compared to the consensus estimate of $2.99 billion. During the same period last year, the business posted $0.68 earnings per share. The firm’s quarterly revenue was down 5.0% compared to the same quarter last year. DXC Technology has set its Q2 2027 guidance at 0.550-0.550 EPS. Equities analysts anticipate that DXC Technology will post 2.61 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Caisse de depot et placement du Quebec purchased a new stake in shares of DXC Technology during the 2nd quarter valued at about $697,000. Jupiter Topco LLC bought a new position in shares of DXC Technology in the second quarter worth about $703,000. Hsbc Holdings PLC purchased a new stake in DXC Technology during the 2nd quarter valued at approximately $1,653,000. Canada Pension Plan Investment Board purchased a new position in DXC Technology during the second quarter valued at $514,000. Finally, Legal & General Group Plc bought a new stake in shares of DXC Technology in the second quarter worth about $4,054,000. Institutional investors own 96.20% of the company’s stock.

DXC Technology Company Profile

DXC Technology, headquartered in Tysons Corner, Virginia, is a global leader in IT services and solutions. The company was formed in 2017 through the merger of Computer Sciences Corporation (CSC) and the Enterprise Services business of Hewlett Packard Enterprise, combining decades of experience in consulting, systems integration and managed services. Since its inception, DXC has focused on helping clients modernize IT environments and drive digital transformation across their organizations.

DXC Technology’s core service offerings encompass cloud and platform services, applications and analytics, security, and workplace and mobility solutions.