DXC Technology (NYSE:DXC) Shares Gap Up After Analyst Upgrade

Shares of DXC Technology (NYSE:DXC - Get Free Report) gapped up before the market opened on Friday after Susquehanna raised their price target on the stock from $19.00 to $23.00. The stock had previously closed at $22.58, but opened at $23.71. Susquehanna currently has a neutral rating on the stock. DXC Technology shares last traded at $24.40, with a volume of 1,397,906 shares traded.

A number of other analysts have also recently commented on the stock. JPMorgan Chase & Co. increased their price target on shares of DXC Technology from $19.00 to $22.00 and gave the company an "underweight" rating in a research note on Friday, September 6th. BMO Capital Markets increased their price target on shares of DXC Technology from $17.50 to $22.00 and gave the company a "market perform" rating in a research note on Friday, August 9th. Finally, Royal Bank of Canada increased their price target on shares of DXC Technology from $18.00 to $20.00 and gave the company a "sector perform" rating in a research note on Friday, August 9th. Two research analysts have rated the stock with a sell rating and seven have assigned a hold rating to the company's stock. Based on data from MarketBeat.com, DXC Technology presently has a consensus rating of "Hold" and a consensus price target of $20.56.

Insider Transactions at DXC Technology

In other news, SVP Christopher Anthony Voci sold 2,500 shares of the firm's stock in a transaction dated Friday, September 13th. The shares were sold at an average price of $21.37, for a total transaction of $53,425.00. Following the completion of the sale, the senior vice president now owns 83,746 shares in the company, valued at approximately $1,789,652.02. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In other DXC Technology news, SVP Christopher Anthony Voci sold 2,500 shares of DXC Technology stock in a transaction dated Friday, September 13th. The shares were sold at an average price of $21.37, for a total value of $53,425.00. Following the completion of the sale, the senior vice president now owns 83,746 shares in the company, valued at $1,789,652.02. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Mary E. Finch sold 31,047 shares of DXC Technology stock in a transaction dated Monday, August 12th. The stock was sold at an average price of $19.36, for a total transaction of $601,069.92. Following the completion of the sale, the executive vice president now owns 325,665 shares of the company's stock, valued at $6,304,874.40. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 0.54% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On DXC Technology

Hedge funds have recently bought and sold shares of the company. William B. Walkup & Associates Inc. bought a new position in DXC Technology in the 2nd quarter valued at about $26,000. Mather Group LLC. grew its holdings in shares of DXC Technology by 55.0% during the 2nd quarter. Mather Group LLC. now owns 1,637 shares of the company's stock valued at $35,000 after purchasing an additional 581 shares during the last quarter. Family Firm Inc. bought a new stake in shares of DXC Technology during the 2nd quarter valued at approximately $37,000. Fifth Third Bancorp grew its holdings in shares of DXC Technology by 40.1% during the 2nd quarter. Fifth Third Bancorp now owns 1,954 shares of the company's stock valued at $37,000 after purchasing an additional 559 shares during the last quarter. Finally, Matrix Trust Co bought a new stake in shares of DXC Technology during the 3rd quarter valued at approximately $43,000. 96.20% of the stock is owned by institutional investors.

DXC Technology Stock Down 4.2 %

The company has a market capitalization of $3.91 billion, a P/E ratio of 71.47, a price-to-earnings-growth ratio of 1.79 and a beta of 1.67. The company has a debt-to-equity ratio of 1.21, a quick ratio of 1.21 and a current ratio of 1.21. The firm's fifty day moving average is $20.66 and its 200-day moving average is $19.41.

DXC Technology (NYSE:DXC - Get Free Report) last announced its quarterly earnings results on Thursday, August 8th. The company reported $0.74 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.57 by $0.17. The company had revenue of $3.24 billion for the quarter, compared to analyst estimates of $3.14 billion. DXC Technology had a net margin of 0.60% and a return on equity of 19.20%. As a group, equities research analysts predict that DXC Technology will post 2.89 EPS for the current year.

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).