DXC Technology (NYSE:DXC) Receives $20.11 Average Target Price from Brokerages

DXC Technology (NYSE:DXC) has been assigned an average recommendation of “Reduce” from the nine research firms that are presently covering the stock, MarketBeat reports. Two investment analysts have rated the stock with a sell rating and seven have issued a hold rating on the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $20.11.

Several equities research analysts recently issued reports on the stock. JPMorgan Chase & Co. increased their target price 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. BMO Capital Markets increased their price objective on shares of DXC Technology from $17.50 to $22.00 and gave the stock a “market perform” rating in a research note on Friday, August 9th. Finally, Royal Bank of Canada lifted their target price on shares of DXC Technology from $18.00 to $20.00 and gave the company a “sector perform” rating in a research note on Friday, August 9th.

Insider Buying and Selling

In other news, EVP Mary E. Finch sold 31,047 shares of the firm’s stock in a transaction dated Monday, August 12th. The stock was sold at an average price of $19.36, for a total transaction of $601,069.92. Following the completion of the transaction, the executive vice president now owns 325,665 shares in the company, valued at $6,304,874.40. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In related news, SVP Christopher Anthony Voci sold 2,500 shares of the firm’s stock in a transaction on Friday, September 13th. The shares were sold at an average price of $21.37, for a total value of $53,425.00. Following the completion of the transaction, the senior vice president now directly owns 83,746 shares of the company’s stock, valued at approximately $1,789,652.02. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Mary E. Finch sold 31,047 shares of the business’s stock in a transaction on Monday, August 12th. The stock was sold at an average price of $19.36, for a total transaction of $601,069.92. Following the completion of the sale, the executive vice president now owns 325,665 shares in the company, valued at $6,304,874.40. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 0.54% of the stock is owned by company insiders.

Hedge Funds Weigh In On DXC Technology

Institutional investors and hedge funds have recently made changes to their positions in the business. William B. Walkup & Associates Inc. bought a new stake in shares of DXC Technology in the 2nd quarter valued at approximately $26,000. Mather Group LLC. lifted its position in DXC Technology by 55.0% in the second quarter. Mather Group LLC. now owns 1,637 shares of the company’s stock worth $35,000 after buying an additional 581 shares during the last quarter. Fifth Third Bancorp boosted its stake in DXC Technology by 40.1% during the second quarter. Fifth Third Bancorp now owns 1,954 shares of the company’s stock worth $37,000 after buying an additional 559 shares during the period. Family Firm Inc. bought a new position in DXC Technology during the second quarter valued at $37,000. Finally, Matrix Trust Co purchased a new stake in shares of DXC Technology in the third quarter valued at $43,000. 96.20% of the stock is owned by hedge funds and other institutional investors.

DXC Technology Trading Up 0.8 %

NYSE:DXC opened at $20.02 on Thursday. DXC Technology has a one year low of $14.78 and a one year high of $25.14. The business has a fifty day moving average price of $20.60 and a 200-day moving average price of $19.37. The firm has a market capitalization of $3.62 billion, a price-to-earnings ratio of 58.88, a price-to-earnings-growth ratio of 1.82 and a beta of 1.67. The company has a debt-to-equity ratio of 1.21, a current ratio of 1.21 and a quick ratio of 1.21.

DXC Technology (NYSE:DXC) last issued its quarterly earnings results on Thursday, August 8th. The company reported $0.74 EPS for the quarter, topping analysts’ consensus estimates of $0.57 by $0.17. DXC Technology had a return on equity of 19.20% and a net margin of 0.60%. The business had revenue of $3.24 billion during the quarter, compared to analysts’ expectations of $3.14 billion. Sell-side analysts forecast that DXC Technology will post 2.89 EPS for the current 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).