Brokerages Set DXC Technology (NYSE:DXC) Target Price at $20.89

Shares of DXC Technology (NYSE:DXC) have earned an average rating of “Reduce” from the nine brokerages that are currently covering the firm, Marketbeat reports. Two research analysts have rated the stock with a sell rating and seven have given a hold rating to the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $20.89.

A number of research firms have weighed in on DXC. Royal Bank of Canada boosted their target price on shares of DXC Technology from $18.00 to $20.00 and gave the stock a “sector perform” rating in a research report on Friday, August 9th. JPMorgan Chase & Co. boosted their target price on shares of DXC Technology from $19.00 to $22.00 and gave the stock an “underweight” rating in a research report on Friday, September 6th. Susquehanna boosted their price objective on shares of DXC Technology from $19.00 to $23.00 and gave the stock a “neutral” rating in a report on Friday, November 8th. Finally, BMO Capital Markets boosted their price objective on shares of DXC Technology from $22.00 to $25.00 and gave the stock a “market perform” rating in a report on Monday, November 11th.

DXC Technology Stock Up 0.5 %

DXC Technology stock opened at $22.50 on Monday. The firm has a market cap of $4.07 billion, a price-to-earnings ratio of 281.29, a P/E/G ratio of 1.46 and a beta of 1.67. The company has a debt-to-equity ratio of 1.18, a current ratio of 1.25 and a quick ratio of 1.25. DXC Technology has a fifty-two week low of $14.78 and a fifty-two week high of $25.14. The firm has a fifty day moving average price of $20.94 and a two-hundred day moving average price of $19.63.

DXC Technology (NYSE:DXC) last released its 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 during the quarter, compared to analyst estimates of $3.21 billion. DXC Technology had a net margin of 0.18% and a return on equity of 20.42%. During the same quarter in the previous year, the business earned $0.70 EPS. As a group, analysts forecast that DXC Technology will post 3.18 earnings per share for the current year.

Insider Activity at DXC Technology

In related news, SVP Christopher Anthony Voci sold 2,500 shares of the company’s 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 sale, the senior vice president now owns 83,746 shares of the company’s stock, valued at $1,789,652.02. The trade was a 2.90 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.54% of the stock is currently owned by insiders.

Institutional Trading of DXC Technology

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Price T Rowe Associates Inc. MD grew its stake in DXC Technology by 2.1% during the first quarter. Price T Rowe Associates Inc. MD now owns 114,600 shares of the company’s stock worth $2,431,000 after buying an additional 2,350 shares during the last quarter. Caxton Associates LP grew its stake in DXC Technology by 82.8% during the first quarter. Caxton Associates LP now owns 73,073 shares of the company’s stock worth $1,550,000 after buying an additional 33,106 shares during the last quarter. Tidal Investments LLC bought a new stake in DXC Technology during the first quarter worth about $1,042,000. Comerica Bank grew its stake in DXC Technology by 12.3% during the first quarter. Comerica Bank now owns 108,645 shares of the company’s stock worth $2,304,000 after buying an additional 11,917 shares during the last quarter. Finally, Invst LLC bought a new stake in DXC Technology during the first quarter worth about $773,000. Institutional investors own 96.20% of the company’s stock.

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).