DXC Technology Company. (NYSE:DXC) Stock Has Consensus Price Target of $12.21 According to Analysts

DXC Technology Company. (NYSE:DXC) has been given an average rating of “Reduce” by the nine ratings firms that are covering the firm, Marketbeat reports. Two investment analysts have rated the stock with a sell recommendation and seven have issued a hold recommendation on the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is $12.21.

A number of analysts have recently commented on the company. Stifel Nicolaus lowered their target price on DXC Technology from $12.00 to $10.50 and set a “hold” rating on the stock in a research note on Friday, July 31st. Morgan Stanley set a $12.00 price target on DXC Technology in a research report on Monday, August 3rd. Zacks Research raised DXC Technology from a “strong sell” rating to a “hold” rating in a report on Monday, July 13th. Weiss Ratings raised DXC Technology from a “sell (d)” rating to a “sell (d+)” rating in a report on Tuesday, October 6th. Finally, TD Cowen upped their price objective on DXC Technology from $10.00 to $12.00 and gave the stock a “hold” rating in a research report on Monday, August 3rd.

Hedge Funds Weigh In On DXC Technology

Several institutional investors have recently made changes to their positions in the company. Moss Adams Wealth Advisors LLC purchased a new position in shares of DXC Technology in the 3rd quarter valued at about $231,000. VIRGINIA RETIREMENT SYSTEMS ET Al raised its holdings in DXC Technology by 9.2% in the 3rd quarter. VIRGINIA RETIREMENT SYSTEMS ET Al now owns 39,123 shares of the company’s stock worth $424,000 after purchasing an additional 3,300 shares during the period. Choreo LLC raised its holdings in DXC Technology by 3.3% in the 3rd quarter. Choreo LLC now owns 73,148 shares of the company’s stock worth $792,000 after purchasing an additional 2,353 shares during the period. Signaturefd LLC boosted its position in DXC Technology by 377.1% during the third quarter. Signaturefd LLC now owns 17,381 shares of the company’s stock worth $188,000 after purchasing an additional 13,738 shares in the last quarter. Finally, Yousif Capital Management LLC boosted its position in DXC Technology by 2.1% during the third quarter. Yousif Capital Management LLC now owns 57,828 shares of the company’s stock worth $626,000 after purchasing an additional 1,170 shares in the last quarter. 96.20% of the stock is owned by hedge funds and other institutional investors.

DXC Technology Trading Up 1.4%

NYSE DXC opened at $16.06 on Monday. DXC Technology has a 1 year low of $7.90 and a 1 year high of $16.38. The company has a debt-to-equity ratio of 0.90, a current ratio of 1.41 and a quick ratio of 1.41. The company has a market capitalization of $2.57 billion, a PE ratio of 22.94 and a beta of 0.79. The company has a fifty day moving average of $12.11 and a 200 day moving average of $11.60.

DXC Technology (NYSE:DXC) last released its quarterly earnings data on Thursday, July 30th. The company reported $0.40 earnings per share for the quarter, missing analysts’ consensus estimates of $0.41 by ($0.01). The company had revenue of $3 billion for the quarter, compared to analysts’ expectations of $2.99 billion. DXC Technology had a net margin of 0.99% and a return on equity of 15.60%. The business’s quarterly revenue was down 5.0% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.68 EPS. Research analysts forecast that DXC Technology will post 2.59 earnings per share for the current year.

About DXC Technology

DXC Technology (NYSE: DXC) is a global information technology services and solutions company that helps organizations modernize and manage their technology environments. Its services include consulting, application development and management, cloud migration and operations, cybersecurity, data and analytics, enterprise technology management, and workplace and end-user services.

The company serves businesses and government organizations across a range of industries, including financial services, healthcare, insurance, manufacturing, aerospace and defense, automotive, retail, and the public sector.