DXC Technology (NYSE:DXC) Receives $20.89 Average Target Price from Analysts

Shares of DXC Technology (NYSE:DXC - Get Free Report) have been given an average rating of "Reduce" by the nine ratings firms that are covering the firm, Marketbeat.com 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 1-year price target among brokers that have issued a report on the stock in the last year is $20.89.

DXC has been the topic of several recent analyst reports. Susquehanna boosted their target price on DXC Technology from $19.00 to $23.00 and gave the stock a "neutral" rating in a report on Friday, November 8th. BMO Capital Markets boosted their price objective on DXC Technology from $22.00 to $25.00 and gave the stock a "market perform" rating in a research note on Monday, November 11th.

Institutional Trading of DXC Technology

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Victory Capital Management Inc. boosted its stake in DXC Technology by 25.1% in the second quarter. Victory Capital Management Inc. now owns 78,532 shares of the company's stock valued at $1,499,000 after acquiring an additional 15,738 shares during the last quarter. Choreo LLC bought a new position in shares of DXC Technology in the 2nd quarter worth $186,000. Mercer Global Advisors Inc. ADV acquired a new stake in shares of DXC Technology during the second quarter worth $142,000. Vanguard Personalized Indexing Management LLC increased its holdings in DXC Technology by 54.7% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 17,232 shares of the company's stock valued at $329,000 after purchasing an additional 6,090 shares during the last quarter. Finally, Seven Eight Capital LP lifted its stake in DXC Technology by 22.3% in the second quarter. Seven Eight Capital LP now owns 106,371 shares of the company's stock valued at $2,031,000 after buying an additional 19,384 shares during the period. 96.20% of the stock is owned by institutional investors.

DXC Technology Price Performance

DXC traded up $0.09 during midday trading on Tuesday, reaching $19.85. 782,348 shares of the company's stock were exchanged, compared to its average volume of 947,819. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 1.18. The business has a 50-day simple moving average of $21.25 and a two-hundred day simple moving average of $20.46. The firm has a market capitalization of $3.59 billion, a price-to-earnings ratio of 248.16, a price-to-earnings-growth ratio of 1.39 and a beta of 1.65. DXC Technology has a one year low of $14.78 and a one year high of $24.83.

DXC Technology (NYSE:DXC - Get Free Report) last announced its quarterly 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. DXC Technology had a return on equity of 20.42% and a net margin of 0.18%. The business had revenue of $3.24 billion for the quarter, compared to analyst estimates of $3.21 billion. During the same quarter in the previous year, the firm earned $0.70 EPS. As a group, research analysts predict that DXC Technology will post 3.18 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).