DXC Technology (NYSE:DXC) PT Raised to $22.00 at BMO Capital Markets

DXC Technology (NYSE:DXC) had its target price raised by BMO Capital Markets from $17.50 to $22.00 in a report issued on Friday, Benzinga reports. The brokerage currently has a market perform rating on the stock.

Several other equities research analysts have also recently commented on the company. Morgan Stanley cut their price target on DXC Technology from $21.00 to $18.00 and set an equal weight rating for the company in a report on Friday, May 17th. Susquehanna lifted their target price on shares of DXC Technology from $15.00 to $19.00 and gave the company a neutral rating in a report on Wednesday, June 12th. Stifel Nicolaus cut their price target on shares of DXC Technology from $21.00 to $19.00 and set a hold rating on the stock in a research note on Friday, May 17th. TD Cowen cut their price target on DXC Technology from $22.00 to $18.00 and set a hold rating on the stock in a report on Tuesday, May 21st. Finally, Royal Bank of Canada lowered their price target on shares of DXC Technology from $24.00 to $18.00 and set a sector perform rating for the company in a report on Friday, May 17th. Three equities research analysts have rated the stock with a sell rating and seven have issued a hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of Hold and an average target price of $20.50.

DXC Technology Price Performance

DXC traded up $1.31 during trading on Friday, hitting $19.64. The company’s stock had a trading volume of 2,590,522 shares, compared to its average volume of 2,490,428. The business’s fifty day simple moving average is $18.65 and its 200 day simple moving average is $19.72. DXC Technology has a twelve month low of $14.78 and a twelve month high of $25.14. The firm has a market capitalization of $3.54 billion, a price-to-earnings ratio of 53.08, a P/E/G ratio of 2.27 and a beta of 1.73. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 1.25.

DXC Technology (NYSE:DXC) last posted its quarterly earnings data on Thursday, August 8th. The company reported $0.74 EPS for the quarter, topping the consensus estimate of $0.57 by $0.17. DXC Technology had a return on equity of 18.43% and a net margin of 0.67%. The company had revenue of $3.24 billion during the quarter, compared to analyst estimates of $3.14 billion. On average, equities research analysts forecast that DXC Technology will post 2.73 EPS for the current fiscal year.

Institutional Trading of DXC Technology

A number of large investors have recently bought and sold shares of the business. Poehling Capital Management INC. lifted its stake in shares of DXC Technology by 16.1% in the 2nd quarter. Poehling Capital Management INC. now owns 91,439 shares of the company’s stock worth $1,746,000 after acquiring an additional 12,680 shares during the period. NINE MASTS CAPITAL Ltd acquired a new position in shares of DXC Technology in the second quarter worth $1,776,000. American Century Companies Inc. raised its stake in DXC Technology by 20.8% in the 2nd quarter. American Century Companies Inc. now owns 3,991,295 shares of the company’s stock valued at $76,194,000 after purchasing an additional 687,522 shares during the last quarter. United Services Automobile Association lifted its stake in shares of DXC Technology by 5.0% during the second quarter. United Services Automobile Association now owns 14,333 shares of the company’s stock valued at $274,000 after buying an additional 679 shares during the period. Finally, Choreo LLC purchased a new position in shares of DXC Technology during the 2nd quarter worth $186,000. Institutional investors and hedge funds 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).