DXC Technology (NYSE:DXC) Stock Price Expected to Rise, BMO Capital Markets Analyst Says

DXC Technology (NYSE:DXC) had its price target hoisted by BMO Capital Markets from $22.00 to $25.00 in a research note published on Monday morning,Benzinga reports. They currently have a market perform rating on the stock.

Other research analysts have also recently issued reports about the company. Susquehanna lifted their price objective on DXC Technology from $19.00 to $23.00 and gave the company a “neutral” rating in a report on Friday. JPMorgan Chase & Co. boosted their price target on shares of DXC Technology from $19.00 to $22.00 and gave the company an “underweight” rating in a research report on Friday, September 6th. Finally, Royal Bank of Canada raised their price objective on shares of DXC Technology from $18.00 to $20.00 and gave the stock a “sector perform” rating in a report on Friday, August 9th. Two investment analysts have rated the stock with a sell rating and seven have issued a hold rating to the stock. According to data from MarketBeat.com, DXC Technology presently has a consensus rating of “Hold” and a consensus price target of $20.89.

DXC Technology Stock Down 0.7 %

DXC stock opened at $22.60 on Monday. DXC Technology has a twelve month low of $14.78 and a twelve month high of $25.14. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 1.21. The company has a market cap of $4.09 billion, a PE ratio of 284.66, a price-to-earnings-growth ratio of 1.89 and a beta of 1.67. The business’s 50-day simple moving average is $20.72 and its 200 day simple moving average is $19.41.

DXC Technology (NYSE:DXC) last posted its quarterly earnings results on Thursday, November 7th. The company reported $0.93 earnings per share for the quarter, topping analysts’ consensus estimates of $0.72 by $0.21. The firm had revenue of $3.24 billion for the quarter, compared to the consensus estimate of $3.21 billion. DXC Technology had a net margin of 0.18% and a return on equity of 20.51%. During the same quarter in the previous year, the company earned $0.70 earnings per share. On average, research analysts anticipate that DXC Technology will post 2.9 earnings per share for the current year.

Insider Buying and Selling

In related news, SVP Christopher Anthony Voci sold 2,500 shares of DXC Technology stock in a transaction that occurred on Friday, September 13th. The stock was sold at an average price of $21.37, for a total value of $53,425.00. Following the sale, the senior vice president now owns 83,746 shares of the company’s stock, valued at approximately $1,789,652.02. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.54% of the company’s stock.

Hedge Funds Weigh In On DXC Technology

Institutional investors have recently added to or reduced their stakes in the company. William B. Walkup & Associates Inc. bought a new position in shares of DXC Technology during the 2nd quarter worth approximately $26,000. Mather Group LLC. boosted 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 worth $35,000 after buying an additional 581 shares during the period. Family Firm Inc. acquired a new position in DXC Technology in the 2nd quarter valued at about $37,000. Fifth Third Bancorp raised its holdings in DXC Technology by 40.1% in the 2nd quarter. Fifth Third Bancorp now owns 1,954 shares of the company’s stock valued at $37,000 after acquiring an additional 559 shares during the period. Finally, Matrix Trust Co acquired a new stake in DXC Technology during the third quarter worth approximately $43,000. 96.20% of the stock is currently owned by institutional investors and hedge funds.

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).