DXC Technology Company. (NYSE:DXC) Receives $12.21 Average Price Target from Analysts

Shares of DXC Technology Company. (NYSE:DXC) have earned a consensus rating of “Reduce” from the nine ratings firms that are presently covering the stock, Marketbeat reports. Two equities research analysts have rated the stock with a sell rating and seven have issued a hold rating on the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is $12.2143.

A number of brokerages have issued reports on DXC. Royal Bank Of Canada lowered their target price on DXC Technology from $16.00 to $14.00 and set a “sector perform” rating for the company in a report on Friday, July 31st. TD Cowen lifted their price target on DXC Technology from $10.00 to $12.00 and gave the company a “hold” rating in a research note on Monday, August 3rd. Morgan Stanley set a $12.00 price target on DXC Technology in a report on Monday, August 3rd. Zacks Research raised DXC Technology from a “strong sell” rating to a “hold” rating in a research note on Monday, July 13th. Finally, Stifel Nicolaus dropped their price objective on shares of DXC Technology from $12.00 to $10.50 and set a “hold” rating for the company in a report on Friday, July 31st.

DXC Technology Trading Up 0.7%

DXC opened at $11.03 on Friday. The stock has a market capitalization of $1.76 billion, a price-to-earnings ratio of 15.75 and a beta of 0.80. The company has a quick ratio of 1.41, a current ratio of 1.41 and a debt-to-equity ratio of 0.90. DXC Technology has a twelve month low of $7.90 and a twelve month high of $15.68. The company has a 50-day simple moving average of $10.55 and a 200 day simple moving average of $10.74.

DXC Technology (NYSE:DXC) last released its earnings results on Thursday, July 30th. The company reported $0.40 earnings per share for the quarter, missing the consensus estimate of $0.41 by ($0.01). The business had revenue of $3 billion for the quarter, compared to the consensus estimate of $2.99 billion. DXC Technology had a return on equity of 15.60% and a net margin of 0.99%.The firm’s revenue for the quarter was down 5.0% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.68 earnings per share. DXC Technology has set its Q2 2027 guidance at 0.550-0.550 EPS. Analysts predict that DXC Technology will post 2.61 EPS for the current fiscal year.

Hedge Funds Weigh In On DXC Technology

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. EverSource Wealth Advisors LLC lifted its holdings in shares of DXC Technology by 240.6% during the second quarter. EverSource Wealth Advisors LLC now owns 1,737 shares of the company’s stock worth $27,000 after purchasing an additional 1,227 shares during the period. Danske Bank A S grew its stake in shares of DXC Technology by 280.0% in the fourth quarter. Danske Bank A S now owns 1,900 shares of the company’s stock worth $28,000 after purchasing an additional 1,400 shares during the last quarter. Fifth Third Bancorp increased its holdings in DXC Technology by 116.0% in the fourth quarter. Fifth Third Bancorp now owns 2,102 shares of the company’s stock valued at $31,000 after purchasing an additional 1,129 shares during the period. Hantz Financial Services Inc. increased its holdings in DXC Technology by 110.5% in the fourth quarter. Hantz Financial Services Inc. now owns 2,185 shares of the company’s stock valued at $32,000 after purchasing an additional 1,147 shares during the period. Finally, CIBC Private Wealth Group LLC raised its position in DXC Technology by 13,258.8% during the 4th quarter. CIBC Private Wealth Group LLC now owns 2,271 shares of the company’s stock worth $33,000 after purchasing an additional 2,254 shares during the last quarter. 96.20% of the stock is currently owned by institutional investors and hedge funds.

About DXC Technology

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.