DXC Technology Company. (NYSE:DXC) Receives $12.75 Average Target Price from Analysts

DXC Technology Company. (NYSE:DXC) has been given an average recommendation of “Reduce” by the ten ratings firms that are covering the firm, MarketBeat Ratings reports. Four research analysts have rated the stock with a sell rating and six have assigned a hold rating to the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $12.75.

A number of brokerages recently commented on DXC. Morgan Stanley lowered their price objective on DXC Technology from $15.00 to $9.00 and set an “equal weight” rating for the company in a research report on Thursday, May 14th. Wall Street Zen lowered DXC Technology from a “buy” rating to a “hold” rating in a research report on Saturday, March 28th. Zacks Research lowered DXC Technology from a “hold” rating to a “strong sell” rating in a research report on Tuesday, May 12th. BMO Capital Markets lowered their price objective on DXC Technology from $17.00 to $10.00 and set a “market perform” rating for the company in a research report on Monday, May 11th. Finally, Stifel Nicolaus set a $12.00 target price on shares of DXC Technology in a report on Friday, May 8th.

Insider Buying and Selling

In other DXC Technology news, CEO Raul J. Fernandez bought 28,051 shares of the stock in a transaction on Monday, May 11th. The stock was purchased at an average price of $8.90 per share, with a total value of $249,653.90. Following the acquisition, the chief executive officer owned 844,052 shares of the company’s stock, valued at approximately $7,512,062.80. The trade was a 3.44% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 1.13% of the company’s stock.

Institutional Trading of DXC Technology

A number of institutional investors have recently bought and sold shares of the business. JPMorgan Chase & Co. grew its position in shares of DXC Technology by 28.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 742,963 shares of the company’s stock worth $10,127,000 after buying an additional 162,958 shares during the period. Assenagon Asset Management S.A. grew its position in shares of DXC Technology by 2,316.7% during the 4th quarter. Assenagon Asset Management S.A. now owns 1,570,035 shares of the company’s stock worth $23,001,000 after buying an additional 1,505,069 shares during the period. Vanguard Group Inc. grew its position in shares of DXC Technology by 3.5% during the 3rd quarter. Vanguard Group Inc. now owns 23,452,271 shares of the company’s stock worth $319,654,000 after buying an additional 800,973 shares during the period. Nierenberg Investment Management Company Inc. grew its position in shares of DXC Technology by 634.5% during the 3rd quarter. Nierenberg Investment Management Company Inc. now owns 99,555 shares of the company’s stock worth $1,357,000 after buying an additional 86,000 shares during the period. Finally, SG Americas Securities LLC grew its holdings in shares of DXC Technology by 1,171.6% in the 4th quarter. SG Americas Securities LLC now owns 752,329 shares of the company’s stock valued at $11,022,000 after buying an additional 693,167 shares during the period. Institutional investors and hedge funds own 96.20% of the company’s stock.

DXC Technology Stock Performance

Shares of DXC Technology stock opened at $8.80 on Tuesday. The company has a debt-to-equity ratio of 0.94, a current ratio of 1.36 and a quick ratio of 1.36. The firm has a market cap of $1.44 billion, a P/E ratio of 146.60 and a beta of 0.81. The firm has a 50 day simple moving average of $9.90 and a 200 day simple moving average of $12.34. DXC Technology has a fifty-two week low of $7.90 and a fifty-two week high of $16.45.

DXC Technology (NYSE:DXC) last issued its quarterly earnings results on Friday, May 8th. The company reported $0.77 earnings per share for the quarter, beating analysts’ consensus estimates of $0.70 by $0.07. The business had revenue of $3.13 billion during the quarter, compared to analyst estimates of $3.17 billion. DXC Technology had a net margin of 0.14% and a return on equity of 17.24%. DXC Technology’s revenue for the quarter was down 1.2% compared to the same quarter last year. During the same quarter last year, the business posted $0.84 earnings per share. Sell-side analysts predict that DXC Technology will post 2.64 earnings per share for the current fiscal year.

DXC Technology Company Profile

DXC Technology, headquartered in Tysons Corner, Virginia, is a global leader in IT services and solutions. The company was formed in 2017 through the merger of Computer Sciences Corporation (CSC) and the Enterprise Services business of Hewlett Packard Enterprise, combining decades of experience in consulting, systems integration and managed services. Since its inception, DXC has focused on helping clients modernize IT environments and drive digital transformation across their organizations.

DXC Technology’s core service offerings encompass cloud and platform services, applications and analytics, security, and workplace and mobility solutions.