DXC Technology (NYSE:DXC) Price Target Raised to $13.00

DXC Technology (NYSE:DXC) had its target price lifted by JPMorgan Chase & Co. from $12.00 to $13.00 in a research note released on Friday morning,Benzinga reports. They currently have an underweight rating on the stock.

A number of other research analysts have also weighed in on DXC. Susquehanna raised their target price on shares of DXC Technology from $10.00 to $12.00 and gave the company a “neutral” rating in a report on Friday. Zacks Research upgraded DXC Technology from a “strong sell” rating to a “hold” rating in a report on Monday, July 13th. Royal Bank Of Canada lowered their price target on shares of DXC Technology from $16.00 to $14.00 and set a “sector perform” rating for the company in a research report on Friday, July 31st. Weiss Ratings upgraded DXC Technology from a “sell (d)” rating to a “sell (d+)” rating in a research note on Tuesday, October 6th. Finally, Stifel Nicolaus lowered their target price on DXC Technology from $12.00 to $10.50 and set a “hold” rating for the company in a research note on Friday, July 31st. Seven equities research analysts have rated the stock with a Hold rating and three have given a Sell rating to the company’s stock. According to MarketBeat, DXC Technology has an average rating of “Reduce” and an average price target of $12.06.

DXC Technology Trading Up 0.0%

DXC Technology stock opened at $14.98 on Friday. The business’s fifty day moving average is $12.28 and its 200 day moving average is $11.59. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.15 and a quick ratio of 1.41. The stock has a market capitalization of $2.39 billion, a PE ratio of 23.05 and a beta of 0.79. DXC Technology has a one year low of $7.90 and a one year high of $16.38.

DXC Technology (NYSE:DXC) last announced its quarterly earnings data on Thursday, October 29th. The company reported $0.67 EPS for the quarter, topping analysts’ consensus estimates of $0.55 by $0.12. DXC Technology had a net margin of 0.91% and a return on equity of 14.35%. The company had revenue of $3.03 billion during the quarter, compared to the consensus estimate of $2.98 billion. During the same quarter in the prior year, the firm earned $0.84 EPS. DXC Technology’s quarterly revenue was down 4.1% on a year-over-year basis. On average, sell-side analysts predict that DXC Technology will post 2.47 EPS for the current year.

Institutional Trading of DXC Technology

A number of institutional investors have recently made changes to their positions in the stock. Covestor Ltd increased its position in DXC Technology by 32.6% during the third quarter. Covestor Ltd now owns 8,756 shares of the company’s stock worth $95,000 after acquiring an additional 2,153 shares during the period. Vise Technologies Inc. bought a new position in DXC Technology in the 3rd quarter valued at about $156,000. Cidel Asset Management Inc. lifted its stake in shares of DXC Technology by 9.1% during the 3rd quarter. Cidel Asset Management Inc. now owns 15,516 shares of the company’s stock valued at $168,000 after buying an additional 1,299 shares in the last quarter. Moss Adams Wealth Advisors LLC bought a new position in shares of DXC Technology during the third quarter valued at about $231,000. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al increased its holdings in shares of DXC Technology by 9.2% during the third quarter. VIRGINIA RETIREMENT SYSTEMS ET Al now owns 39,123 shares of the company’s stock valued at $424,000 after acquiring an additional 3,300 shares in the last quarter. 96.20% of the stock is owned by institutional investors and hedge funds.

More DXC Technology News

Here are the key news stories impacting DXC Technology this week:

• Positive Sentiment: Quarterly results exceeded expectations: DXC reported fiscal Q2 FY2027 non-GAAP EPS of $0.67, above the $0.55 consensus estimate, while revenue of $3.03 billion topped expectations of $2.98 billion. DXC Technology Q2 Earnings and Revenues Beat Estimates
• Positive Sentiment: Cash flow improved: First-half fiscal 2027 free cash flow rose to $405 million from $337 million a year earlier, and DXC repurchased $60 million of stock during the quarter. DXC Technology Reports Second Quarter Fiscal Year 2027 Results
• Neutral Sentiment: Susquehanna raised its price target on DXC from $10 to $12 but maintained a “neutral” rating. The new target still implies roughly 20% downside from the referenced share price, signaling limited analyst confidence despite the higher valuation estimate. Susquehanna Raises DXC Price Target
• Negative Sentiment: Underlying operating trends remained weak: Revenue declined about 4% year over year to $3.03 billion, adjusted EBIT margin was 6.2%, and non-GAAP EPS fell 20.2% from the prior-year quarter. GAAP diluted EPS was $0.15. DXC Fiscal 2027 Second-Quarter Results
• Negative Sentiment: Management projected a 5% to 5.5% organic revenue decline for FY2027 while evaluating strategic actions, including insurance options. That outlook overshadowed the earnings and revenue beats and is the primary catalyst pressuring the stock. DXC Projects FY2027 Organic Revenue Decline

DXC Technology Company Profile

DXC Technology (NYSE: DXC) is a global information technology services and solutions company that helps organizations modernize and manage their technology environments. Its services include consulting, application development and management, cloud migration and operations, cybersecurity, data and analytics, enterprise technology management, and workplace and end-user services.

The company serves businesses and government organizations across a range of industries, including financial services, healthcare, insurance, manufacturing, aerospace and defense, automotive, retail, and the public sector.