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

Shares of DXC Technology (NYSE:DXC - Get Free Report) have earned an average rating of "Reduce" from the eight ratings firms that are covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation and seven have given a hold recommendation to the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $21.38.

Several brokerages have recently weighed in on DXC. Susquehanna boosted their price objective on shares of DXC Technology from $19.00 to $23.00 and gave the stock a "neutral" rating in a research report on Friday, November 8th. BMO Capital Markets boosted 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 report on Monday, November 11th. Finally, Morgan Stanley boosted their price objective on shares of DXC Technology from $20.00 to $22.00 and gave the stock an "equal weight" rating in a research report on Friday, January 31st.

DXC Technology Stock Down 1.0 %

Shares of DXC stock traded down $0.20 during trading on Friday, reaching $20.04. The company's stock had a trading volume of 1,332,531 shares, compared to its average volume of 1,104,060. The company has a debt-to-equity ratio of 1.12, a current ratio of 1.34 and a quick ratio of 1.25. The company has a market capitalization of $3.63 billion, a price-to-earnings ratio of -47.70, a P/E/G ratio of 1.59 and a beta of 1.65. The stock's 50-day moving average price is $20.96 and its 200 day moving average price is $20.75. DXC Technology has a 1-year low of $14.78 and a 1-year high of $24.83.

DXC Technology (NYSE:DXC - Get Free Report) last announced its quarterly earnings data on Tuesday, February 4th. The company reported $0.92 earnings per share for the quarter, beating analysts' consensus estimates 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%. On average, research analysts anticipate that DXC Technology will post 3.36 EPS for the current year.

Institutional Trading of DXC Technology

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Newbridge Financial Services Group Inc. increased its stake in shares of DXC Technology by 116.1% in the fourth quarter. Newbridge Financial Services Group Inc. now owns 1,675 shares of the company's stock worth $33,000 after buying an additional 900 shares during the last quarter. Prospera Private Wealth LLC bought a new stake in shares of DXC Technology in the third quarter worth $49,000. Smartleaf Asset Management LLC increased its stake in shares of DXC Technology by 366.4% in the fourth quarter. Smartleaf Asset Management LLC now owns 2,999 shares of the company's stock worth $60,000 after buying an additional 2,356 shares during the last quarter. Brown Lisle Cummings Inc. increased its stake in shares of DXC Technology by 60.0% in the fourth quarter. Brown Lisle Cummings Inc. now owns 3,200 shares of the company's stock worth $64,000 after buying an additional 1,200 shares during the last quarter. Finally, GAMMA Investing LLC increased 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 buying an additional 1,122 shares during the last quarter. 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).