DXC Technology (NYSE:DXC) Receives Consensus Rating of "Reduce" from Brokerages

DXC Technology (NYSE:DXC - Get Free Report) has earned a consensus rating of "Reduce" from the seven analysts that are covering the company, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation and six have given a hold recommendation to the company. The average 12 month target price among brokerages that have covered the stock in the last year is $21.29.

Separately, Morgan Stanley increased their target price on DXC Technology from $20.00 to $22.00 and gave the company an "equal weight" rating in a report on Friday, January 31st.

DXC Technology Stock Performance

DXC Technology stock traded up $0.28 during mid-day trading on Friday, reaching $17.62. The company's stock had a trading volume of 1,100,578 shares, compared to its average volume of 1,744,692. The firm has a market cap of $3.19 billion, a price-to-earnings ratio of -41.95, a PEG ratio of 1.16 and a beta of 1.37. DXC Technology has a twelve month low of $14.79 and a twelve month high of $24.83. The business has a 50 day moving average price of $19.15 and a 200-day moving average price of $20.30. The company has a current ratio of 1.34, a quick ratio of 1.34 and a debt-to-equity ratio of 1.12.

DXC Technology (NYSE:DXC - Get Free Report) last announced its quarterly earnings results 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 negative net margin of 0.57% and a positive return on equity of 20.70%. Sell-side analysts predict that DXC Technology will post 3.35 EPS for the current fiscal year.

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Institutional Trading of DXC Technology

Several institutional investors and hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. boosted its position in shares of DXC Technology by 1.2% during the fourth quarter. Vanguard Group Inc. now owns 23,634,617 shares of the company's stock worth $472,220,000 after buying an additional 270,206 shares during the period. Dimensional Fund Advisors LP grew its holdings in DXC Technology by 3.8% during the fourth quarter. Dimensional Fund Advisors LP now owns 10,436,557 shares of the company's stock worth $208,524,000 after purchasing an additional 378,338 shares during the period. American Century Companies Inc. raised its stake in DXC Technology by 18.5% in the fourth quarter. American Century Companies Inc. now owns 5,816,970 shares of the company's stock valued at $116,223,000 after buying an additional 907,004 shares during the period. LSV Asset Management lifted its holdings in DXC Technology by 0.9% during the 4th quarter. LSV Asset Management now owns 3,382,372 shares of the company's stock valued at $67,580,000 after purchasing an additional 31,263 shares during the last quarter. Finally, AQR Capital Management LLC increased its holdings in shares of DXC Technology by 43.8% in the fourth quarter. AQR Capital Management LLC now owns 1,943,649 shares of the company's stock valued at $38,834,000 after purchasing an additional 591,841 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).