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DXC Technology (NYSE:DXC) Given Average Rating of "Reduce" by Brokerages

DXC Technology logo with Computer and Technology background

DXC Technology (NYSE:DXC - Get Free Report) has received an average rating of "Reduce" from the nine research firms that are currently covering the company, Marketbeat reports. Two research analysts have rated the stock with a sell recommendation and seven have given a hold recommendation to the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is $20.89.

DXC has been the topic of a number of analyst reports. JPMorgan Chase & Co. upped their target price on shares of DXC Technology from $19.00 to $22.00 and gave the company an "underweight" rating in a research note on Friday, September 6th. Susquehanna upped their price objective on DXC Technology from $19.00 to $23.00 and gave the company a "neutral" rating in a research note on Friday, November 8th. Finally, BMO Capital Markets raised their target price on DXC Technology from $22.00 to $25.00 and gave the stock a "market perform" rating in a research report on Monday, November 11th.

View Our Latest Stock Analysis on DXC Technology

Institutional Trading of DXC Technology

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. SG Americas Securities LLC increased its holdings in DXC Technology by 156.0% in the second quarter. SG Americas Securities LLC now owns 17,232 shares of the company's stock valued at $329,000 after purchasing an additional 10,502 shares during the last quarter. Raymond James & Associates boosted its position in shares of DXC Technology by 52.6% during the second quarter. Raymond James & Associates now owns 118,276 shares of the company's stock worth $2,258,000 after purchasing an additional 40,751 shares in the last quarter. Fifth Third Bancorp grew its holdings in shares of DXC Technology by 40.1% in the 2nd quarter. Fifth Third Bancorp now owns 1,954 shares of the company's stock valued at $37,000 after buying an additional 559 shares during the period. Family Firm Inc. acquired a new stake in DXC Technology during the 2nd quarter worth $37,000. Finally, IMA Advisory Services Inc. lifted its holdings in DXC Technology by 5.7% during the second quarter. IMA Advisory Services Inc. now owns 76,527 shares of the company's stock worth $1,461,000 after acquiring an additional 4,147 shares in the last quarter. 96.20% of the stock is owned by institutional investors.

DXC Technology Stock Performance

DXC Technology stock traded down $0.89 on Friday, reaching $20.60. 4,258,840 shares of the stock were exchanged, compared to its average volume of 2,027,424. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 1.18. DXC Technology has a twelve month low of $14.78 and a twelve month high of $24.83. The firm has a fifty day moving average price of $21.33 and a two-hundred day moving average price of $20.13. The stock has a market cap of $3.73 billion, a PE ratio of 257.53, a PEG ratio of 1.40 and a beta of 1.65.

DXC Technology (NYSE:DXC - Get Free Report) last posted its quarterly earnings data on Thursday, November 7th. The company reported $0.93 EPS for the quarter, topping analysts' consensus estimates of $0.72 by $0.21. The business had revenue of $3.24 billion for the quarter, compared to analyst estimates of $3.21 billion. DXC Technology had a return on equity of 20.42% and a net margin of 0.18%. During the same period in the previous year, the company posted $0.70 earnings per share. Sell-side analysts anticipate that DXC Technology will post 3.18 EPS for the current year.

DXC Technology Company Profile

(Get Free Report

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).

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Analyst Recommendations for DXC Technology (NYSE:DXC)

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