Analysts Set DXC Technology (NYSE:DXC) PT at $21.38

DXC Technology (NYSE:DXC - Get Free Report) has earned an average recommendation of "Reduce" from the eight ratings firms that are presently covering the company, MarketBeat.com reports. One analyst has rated the stock with a sell rating and seven have given a hold rating to the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is $21.38.

Several research firms have issued reports on DXC. Morgan Stanley raised their price target on shares of DXC Technology from $20.00 to $22.00 and gave the stock an "equal weight" rating in a report on Friday, January 31st. Susquehanna raised their price target 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. Finally, BMO Capital Markets raised their price target on shares of DXC Technology from $22.00 to $25.00 and gave the stock a "market perform" rating in a report on Monday, November 11th.

DXC Technology Trading Down 1.1 %

NYSE:DXC traded down $0.24 during mid-day trading on Friday, hitting $20.35. 587,830 shares of the company's stock were exchanged, compared to its average volume of 1,066,474. The company has a 50 day simple moving average of $20.85 and a 200-day simple moving average of $20.75. The company has a current ratio of 1.34, a quick ratio of 1.25 and a debt-to-equity ratio of 1.12. DXC Technology has a fifty-two week low of $14.78 and a fifty-two week high of $24.83. The firm has a market capitalization of $3.68 billion, a P/E ratio of -48.44, a PEG ratio of 1.59 and a beta of 1.65.

DXC Technology (NYSE:DXC - Get Free Report) last posted its earnings results on Tuesday, February 4th. The company reported $0.92 EPS for the quarter, topping the consensus estimate of $0.69 by $0.23. DXC Technology had a negative net margin of 0.57% and a positive return on equity of 20.70%. As a group, research analysts expect that DXC Technology will post 3.36 earnings per share for the current year.

Institutional Trading of DXC Technology

Several hedge funds have recently modified their holdings of the stock. AQR Capital Management LLC increased its stake in shares of DXC Technology by 43.8% in the 4th quarter. AQR Capital Management LLC now owns 1,943,649 shares of the company's stock valued at $38,834,000 after acquiring an additional 591,841 shares in the last quarter. Northern Trust Corp increased its stake in DXC Technology by 14.6% during the 4th quarter. Northern Trust Corp now owns 1,607,631 shares of the company's stock valued at $32,120,000 after purchasing an additional 204,697 shares in the last quarter. Quarry LP increased its stake in DXC Technology by 604.1% during the 4th quarter. Quarry LP now owns 3,978 shares of the company's stock valued at $79,000 after purchasing an additional 3,413 shares in the last quarter. Boothbay Fund Management LLC bought a new stake in DXC Technology during the 4th quarter valued at $221,000. Finally, Susquehanna Fundamental Investments LLC bought a new stake in DXC Technology during the 4th quarter valued at $4,797,000. Institutional investors 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).