Analysts Set DXC Technology Company. (NYSE:DXC) Price Target at $12.25

Shares of DXC Technology Company. (NYSE:DXC) have received a consensus recommendation of “Reduce” from the ten ratings firms that are presently covering the stock, MarketBeat reports. Three investment analysts have rated the stock with a sell recommendation and seven have issued a hold recommendation on the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is $12.25.

Several equities analysts have issued reports on the stock. Weiss Ratings cut shares of DXC Technology from a “sell (d+)” rating to a “sell (d)” rating in a research note on Monday, May 11th. BMO Capital Markets lowered 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. Zacks Research upgraded shares of DXC Technology from a “strong sell” rating to a “hold” rating in a research note on Monday, July 13th. Morgan Stanley cut their price target on shares of DXC Technology from $15.00 to $9.00 and set an “equal weight” rating for the company in a report on Thursday, May 14th. Finally, TD Cowen lowered their price objective on DXC Technology from $11.00 to $10.00 and set a “hold” rating on the stock in a report on Thursday, July 9th.

Insider Activity at DXC Technology

In other news, CEO Raul J. Fernandez purchased 28,051 shares of the stock in a transaction that occurred on Monday, May 11th. The shares were acquired at an average price of $8.90 per share, for a total transaction of $249,653.90. Following the acquisition, the chief executive officer directly owned 844,052 shares in the company, valued at approximately $7,512,062.80. The trade was a 3.44% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 1.13% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the company. AQR Capital Management LLC raised its position in DXC Technology by 97.0% during the second quarter. AQR Capital Management LLC now owns 3,933,973 shares of the company’s stock worth $60,150,000 after acquiring an additional 1,936,726 shares during the last quarter. Assenagon Asset Management S.A. grew its position in shares of DXC Technology by 2,316.7% in the fourth quarter. Assenagon Asset Management S.A. now owns 1,570,035 shares of the company’s stock valued at $23,001,000 after purchasing an additional 1,505,069 shares during the last quarter. UBS Group AG increased its stake in shares of DXC Technology by 131.2% during the 3rd quarter. UBS Group AG now owns 2,047,395 shares of the company’s stock worth $27,906,000 after purchasing an additional 1,161,879 shares in the last quarter. Qube Research & Technologies Ltd raised its position in shares of DXC Technology by 1,156.1% during the 2nd quarter. Qube Research & Technologies Ltd now owns 1,132,578 shares of the company’s stock worth $17,317,000 after purchasing an additional 1,042,409 shares during the last quarter. Finally, SEB Asset Management AB acquired a new position in shares of DXC Technology during the 1st quarter worth approximately $12,103,000. Institutional investors and hedge funds own 96.20% of the company’s stock.

DXC Technology Price Performance

Shares of DXC opened at $9.34 on Friday. The company has a debt-to-equity ratio of 0.94, a quick ratio of 1.36 and a current ratio of 1.36. DXC Technology has a fifty-two week low of $7.90 and a fifty-two week high of $15.68. The firm has a 50-day simple moving average of $9.17 and a 200-day simple moving average of $11.69. The company has a market capitalization of $1.53 billion, a price-to-earnings ratio of 155.58 and a beta of 0.82.

DXC Technology (NYSE:DXC) last posted its quarterly earnings data on Friday, May 8th. The company reported $0.77 EPS for the quarter, beating the consensus estimate of $0.70 by $0.07. DXC Technology had a return on equity of 17.24% and a net margin of 0.14%.The firm had revenue of $3.13 billion during the quarter, compared to the consensus estimate of $3.17 billion. During the same period in the prior year, the business earned $0.84 EPS. The firm’s revenue was down 1.2% compared to the same quarter last year. On average, equities research analysts anticipate that DXC Technology will post 2.61 earnings per share for the current year.

About DXC Technology

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.