DXC Technology (NYSE:DXC) Receives $20.89 Consensus PT from Analysts

DXC Technology (NYSE:DXC) has been given a consensus recommendation of “Reduce” by the nine research firms that are covering the firm, MarketBeat reports. Two equities research analysts have rated the stock with a sell rating and seven have assigned a hold rating to the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is $20.89.

DXC has been the subject of a number of research reports. Royal Bank of Canada increased their target price on shares of DXC Technology from $18.00 to $20.00 and gave the stock a “sector perform” rating in a report on Friday, August 9th. JPMorgan Chase & Co. raised their price objective on DXC Technology from $19.00 to $22.00 and gave the company an “underweight” rating in a report on Friday, September 6th. Susquehanna increased their target price on DXC Technology from $19.00 to $23.00 and gave the company a “neutral” rating in a research report on Friday, November 8th. Finally, BMO Capital Markets lifted their target price on shares of DXC Technology from $22.00 to $25.00 and gave the stock a “market perform” rating in a research report on Monday, November 11th.

Insider Buying and Selling at DXC Technology

In other news, SVP Christopher Anthony Voci sold 2,500 shares of DXC Technology stock in a transaction dated Friday, September 13th. The shares were sold at an average price of $21.37, for a total transaction of $53,425.00. Following the completion of the transaction, the senior vice president now directly owns 83,746 shares in the company, valued at $1,789,652.02. This trade represents a 2.90 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.54% of the company’s stock.

Institutional Trading of DXC Technology

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Millennium Management LLC boosted its holdings in DXC Technology by 352.6% during the 2nd quarter. Millennium Management LLC now owns 625,197 shares of the company’s stock worth $11,935,000 after acquiring an additional 487,072 shares during the last quarter. Susquehanna Fundamental Investments LLC purchased a new position in DXC Technology during the second quarter worth about $3,483,000. Tidal Investments LLC bought a new stake in DXC Technology in the 1st quarter worth about $1,042,000. Paragon Capital Management Inc. purchased a new stake in DXC Technology in the 2nd quarter valued at about $2,141,000. Finally, Royce & Associates LP lifted its position in shares of DXC Technology by 124.7% during the 3rd quarter. Royce & Associates LP now owns 91,971 shares of the company’s stock worth $1,908,000 after buying an additional 51,041 shares in the last quarter. 96.20% of the stock is owned by institutional investors.

DXC Technology Trading Down 0.7 %

Shares of NYSE:DXC opened at $22.38 on Monday. The business’s 50 day simple moving average is $20.86 and its 200 day simple moving average is $19.57. DXC Technology has a 1 year low of $14.78 and a 1 year high of $25.14. The company has a debt-to-equity ratio of 1.18, a current ratio of 1.25 and a quick ratio of 1.25. The company has a market capitalization of $4.05 billion, a P/E ratio of 281.66, a P/E/G ratio of 1.46 and a beta of 1.67.

DXC Technology (NYSE:DXC) last issued its earnings results 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 period in the previous year, the company earned $0.70 EPS. On average, research analysts anticipate that DXC Technology will post 3.18 EPS 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).