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

Shares of DXC Technology (NYSE:DXC - Get Free Report) have been assigned an average rating of "Reduce" from the eight research firms that are currently covering the stock, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation and seven have assigned a hold recommendation to the company. The average 12 month price objective among analysts that have covered the stock in the last year is $21.38.

A number of equities analysts recently issued reports on the company. 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 note on Monday, November 11th. Morgan Stanley raised their target price on DXC Technology from $20.00 to $22.00 and gave the stock an "equal weight" rating in a research note on Friday, January 31st. Finally, Susquehanna raised their target price on DXC Technology from $19.00 to $23.00 and gave the stock a "neutral" rating in a research note on Friday, November 8th.

DXC Technology Stock Up 3.7 %

Shares of DXC traded up $0.66 during midday trading on Wednesday, hitting $18.61. 1,235,365 shares of the company's stock traded hands, compared to its average volume of 1,089,179. DXC Technology has a 1 year low of $14.78 and a 1 year high of $24.83. The firm's fifty day moving average is $20.25 and its 200-day moving average is $20.73. The company has a current ratio of 1.34, a quick ratio of 1.34 and a debt-to-equity ratio of 1.12. The stock has a market capitalization of $3.37 billion, a price-to-earnings ratio of -44.31, a price-to-earnings-growth ratio of 1.16 and a beta of 1.65.

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DXC Technology (NYSE:DXC - Get Free Report) last issued its quarterly earnings data on Tuesday, February 4th. The company reported $0.92 EPS for the quarter, beating the consensus estimate of $0.69 by $0.23. DXC Technology had a positive return on equity of 20.70% and a negative net margin of 0.57%. As a group, sell-side analysts anticipate that DXC Technology will post 3.35 earnings per share for the current year.

Institutional Investors Weigh In On DXC Technology

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Treasurer of the State of North Carolina grew its position in DXC Technology by 0.6% during the 4th quarter. Treasurer of the State of North Carolina now owns 78,639 shares of the company's stock worth $1,571,000 after purchasing an additional 490 shares during the period. Arizona State Retirement System grew its position in DXC Technology by 1.1% during the 4th quarter. Arizona State Retirement System now owns 52,475 shares of the company's stock worth $1,048,000 after purchasing an additional 566 shares during the period. Vident Advisory LLC grew its position in DXC Technology by 2.5% during the 4th quarter. Vident Advisory LLC now owns 25,279 shares of the company's stock worth $505,000 after purchasing an additional 624 shares during the period. Highland Capital Management LLC grew its position in DXC Technology by 6.6% during the 4th quarter. Highland Capital Management LLC now owns 11,850 shares of the company's stock worth $237,000 after purchasing an additional 731 shares during the period. Finally, Corient Private Wealth LLC grew its position in DXC Technology by 2.3% during the 4th quarter. Corient Private Wealth LLC now owns 32,796 shares of the company's stock worth $655,000 after purchasing an additional 740 shares during the period. 96.20% of the stock is owned by institutional investors and hedge funds.

About DXC Technology

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).