BMO Capital Markets Boosts DXC Technology (NYSE:DXC) Price Target to $25.00

DXC Technology (NYSE:DXC - Get Free Report) had its target price raised by analysts at BMO Capital Markets from $22.00 to $25.00 in a report released on Monday,Benzinga reports. The firm currently has a "market perform" rating on the stock. BMO Capital Markets' target price would suggest a potential upside of 9.79% from the company's current price.

A number of other research firms have also weighed in on DXC. JPMorgan Chase & Co. raised their price target on shares of DXC Technology from $19.00 to $22.00 and gave the company an "underweight" rating in a report on Friday, September 6th. Royal Bank of Canada raised their price target on shares of DXC Technology from $18.00 to $20.00 and gave the company a "sector perform" rating in a report on Friday, August 9th. Finally, Susquehanna increased their price objective on shares of DXC Technology from $19.00 to $23.00 and gave the company a "neutral" rating in a research note on Friday. Two research analysts have rated the stock with a sell rating and seven have assigned a hold rating to the company. According to MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $20.89.

DXC Technology Trading Up 5.1 %

Shares of DXC Technology stock traded up $1.11 during trading hours on Monday, hitting $22.77. The company's stock had a trading volume of 2,324,161 shares, compared to its average volume of 2,137,250. The business has a fifty day moving average of $20.72 and a 200 day moving average of $19.41. The company has a market capitalization of $4.12 billion, a PE ratio of 284.66, a P/E/G ratio of 1.89 and a beta of 1.67. DXC Technology has a 1-year low of $14.78 and a 1-year high of $25.14. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 1.21.

DXC Technology (NYSE:DXC - Get Free Report) last released its quarterly earnings results on Thursday, November 7th. The company reported $0.93 earnings per share for the quarter, beating analysts' consensus estimates of $0.72 by $0.21. The business had revenue of $3.24 billion during the quarter, compared to analyst estimates of $3.21 billion. DXC Technology had a net margin of 0.18% and a return on equity of 20.51%. During the same period last year, the business earned $0.70 EPS. As a group, equities analysts forecast that DXC Technology will post 2.9 EPS for the current year.

Insider Buying and Selling at DXC Technology

In other news, SVP Christopher Anthony Voci sold 2,500 shares of the firm's stock in a transaction dated Friday, September 13th. The shares were sold at an average price of $21.37, for a total value of $53,425.00. Following the transaction, the senior vice president now directly owns 83,746 shares in the company, valued at approximately $1,789,652.02. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.54% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the business. Moran Wealth Management LLC bought a new position in shares of DXC Technology in the 3rd quarter worth about $2,414,000. Prospera Private Wealth LLC bought a new stake in DXC Technology in the 3rd quarter valued at about $49,000. Quest Partners LLC bought a new stake in DXC Technology in the 3rd quarter valued at about $97,000. Gladius Capital Management LP lifted its position in DXC Technology by 21.0% in the 3rd quarter. Gladius Capital Management LP now owns 47,552 shares of the company's stock valued at $987,000 after purchasing an additional 8,269 shares during the last quarter. Finally, Natixis Advisors LLC lifted its position in DXC Technology by 22.3% in the 3rd quarter. Natixis Advisors LLC now owns 223,376 shares of the company's stock valued at $4,635,000 after purchasing an additional 40,771 shares during the last quarter. 96.20% of the stock is currently owned by institutional investors.

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).