DXC Technology (NYSE:DXC) Stock Price Expected to Rise, Morgan Stanley Analyst Says

DXC Technology (NYSE:DXC - Get Free Report) had its price objective boosted by Morgan Stanley from $20.00 to $22.00 in a report issued on Friday,Benzinga reports. The brokerage currently has an "equal weight" rating on the stock. Morgan Stanley's target price suggests a potential downside of 2.47% from the company's current price.

DXC has been the subject of several other reports. BMO Capital Markets upped their price objective 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. Susquehanna increased their target price on shares of DXC Technology from $19.00 to $23.00 and gave the stock a "neutral" rating in a report on Friday, November 8th. One research analyst has rated the stock with a sell rating and seven have given a hold rating to the company. According to MarketBeat.com, DXC Technology currently has a consensus rating of "Hold" and a consensus target price of $21.38.

DXC Technology Stock Performance

DXC traded up $0.55 during trading on Friday, hitting $22.56. The stock had a trading volume of 2,190,284 shares, compared to its average volume of 968,862. The company has a debt-to-equity ratio of 1.18, a current ratio of 1.25 and a quick ratio of 1.25. The firm has a market cap of $4.08 billion, a price-to-earnings ratio of 282.01, a P/E/G ratio of 1.41 and a beta of 1.65. The company has a 50 day moving average price of $21.09 and a 200-day moving average price of $20.68. 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 released 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. The business had revenue of $3.24 billion for the quarter, compared to the consensus estimate of $3.21 billion. DXC Technology had a net margin of 0.18% and a return on equity of 20.42%. During the same period in the prior year, the company posted $0.70 earnings per share. As a group, research analysts predict that DXC Technology will post 3.17 EPS for the current year.

Hedge Funds Weigh In On DXC Technology

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Newbridge Financial Services Group Inc. lifted its holdings in shares of DXC Technology by 116.1% during the fourth quarter. Newbridge Financial Services Group Inc. now owns 1,675 shares of the company's stock worth $33,000 after purchasing an additional 900 shares during the period. Matrix Trust Co acquired a new position in DXC Technology during the 3rd quarter worth about $43,000. Prospera Private Wealth LLC bought a new stake in shares of DXC Technology in the 3rd quarter valued at about $49,000. Brown Lisle Cummings Inc. raised its position in shares of DXC Technology by 60.0% during the fourth quarter. Brown Lisle Cummings Inc. now owns 3,200 shares of the company's stock worth $64,000 after acquiring an additional 1,200 shares during the last quarter. Finally, GAMMA Investing LLC lifted its stake in shares of DXC Technology by 48.7% in the third quarter. GAMMA Investing LLC now owns 3,425 shares of the company's stock worth $71,000 after acquiring an additional 1,122 shares during the period. 96.20% of the stock is currently owned by institutional investors and hedge funds.

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).