Analysts Set DXC Technology (NYSE:DXC) PT at $20.89

Shares of DXC Technology (NYSE:DXC - Get Free Report) have been assigned a consensus rating of "Reduce" from the nine ratings firms that are currently covering the firm, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a sell rating and seven have given a hold rating to the company. The average 1-year 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 upped their price objective on shares of DXC Technology from $18.00 to $20.00 and gave the stock a "sector perform" rating in a research note on Friday, August 9th. Susquehanna upped their price objective on shares of DXC Technology from $19.00 to $23.00 and gave the stock a "neutral" rating in a research note on Friday, November 8th. JPMorgan Chase & Co. upped their price objective on shares of DXC Technology from $19.00 to $22.00 and gave the stock an "underweight" rating in a research note on Friday, September 6th. Finally, BMO Capital Markets upped their price objective on shares of DXC Technology from $22.00 to $25.00 and gave the stock a "market perform" rating in a research note on Monday, November 11th.

DXC Technology Trading Up 2.2 %

DXC stock traded up $0.50 during mid-day trading on Monday, reaching $22.80. 368,871 shares of the stock traded hands, compared to its average volume of 2,098,980. The company has a debt-to-equity ratio of 1.18, a quick ratio of 1.25 and a current ratio of 1.25. DXC Technology has a one year low of $14.78 and a one year high of $25.14. The stock has a market capitalization of $4.13 billion, a PE ratio of 278.78, a PEG ratio of 1.44 and a beta of 1.67. The business has a 50-day moving average price of $20.82 and a two-hundred day moving average price of $19.53.

DXC Technology (NYSE:DXC - Get Free Report) last posted its quarterly earnings data 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 for 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 quarter in the previous year, the business posted $0.70 earnings per share. Equities research analysts expect that DXC Technology will post 3.18 EPS for the current year.

Insider Buying and Selling

In related news, SVP Christopher Anthony Voci sold 2,500 shares of the stock in a transaction that occurred 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 transaction, the senior vice president now owns 83,746 shares in the company, valued at approximately $1,789,652.02. This represents a 2.90 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.54% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On DXC Technology

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Sanctuary Advisors LLC acquired a new stake in shares of DXC Technology during the 3rd quarter worth approximately $258,000. Barclays PLC grew its stake in shares of DXC Technology by 273.6% during the 3rd quarter. Barclays PLC now owns 85,831 shares of the company's stock worth $1,781,000 after purchasing an additional 62,857 shares during the period. M&T Bank Corp grew its stake in shares of DXC Technology by 29.3% during the 3rd quarter. M&T Bank Corp now owns 14,602 shares of the company's stock worth $303,000 after purchasing an additional 3,309 shares during the period. XTX Topco Ltd grew its stake in shares of DXC Technology by 294.7% during the 3rd quarter. XTX Topco Ltd now owns 53,686 shares of the company's stock worth $1,114,000 after purchasing an additional 40,085 shares during the period. Finally, RBF Capital LLC acquired a new stake in shares of DXC Technology during the 3rd quarter worth approximately $622,000. Institutional investors and hedge funds own 96.20% of the company's stock.

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).