DXC Technology (NYSE:DXC) Stock Gets Price Target Boost from Susquehanna

DXC Technology (NYSE:DXC) had its price target hoisted by investment analysts at Susquehanna from $10.00 to $12.00 in a research note issued on Friday, Benzinga reports. The firm presently has a “neutral” rating on the stock. Susquehanna‘s price target would indicate a potential downside of 20.59% from the stock’s previous close.

DXC has been the topic of a number of other reports. Stifel Nicolaus dropped their price target on shares of DXC Technology from $12.00 to $10.50 and set a “hold” rating on the stock in a research note on Friday, July 31st. TD Cowen raised their price target on DXC Technology from $10.00 to $12.00 and gave the company a “hold” rating in a report on Monday, August 3rd. Morgan Stanley set a $12.00 price objective on DXC Technology in a report on Monday, August 3rd. Weiss Ratings upgraded DXC Technology from a “sell (d)” rating to a “sell (d+)” rating in a research report on Tuesday, October 6th. Finally, Zacks Research raised shares of DXC Technology from a “strong sell” rating to a “hold” rating in a research note on Monday, July 13th. Seven research analysts have rated the stock with a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, DXC Technology has a consensus rating of “Reduce” and a consensus price target of $11.93.

DXC Technology Stock Down 6.1%

Shares of DXC opened at $15.11 on Friday. The stock has a 50 day moving average price of $12.20 and a 200 day moving average price of $11.59. DXC Technology has a one year low of $7.90 and a one year high of $16.38. The company has a debt-to-equity ratio of 0.90, a quick ratio of 1.41 and a current ratio of 1.41. The stock has a market capitalization of $2.41 billion, a price-to-earnings ratio of 21.59 and a beta of 0.79.

DXC Technology (NYSE:DXC) last posted its earnings results on Thursday, October 29th. The company reported $0.67 earnings per share for the quarter, beating the consensus estimate of $0.55 by $0.12. The firm had revenue of $3.03 billion during the quarter, compared to the consensus estimate of $2.98 billion. DXC Technology had a net margin of 0.99% and a return on equity of 15.60%. The firm’s revenue for the quarter was down 4.1% on a year-over-year basis. During the same quarter last year, the firm earned $0.84 EPS. Equities research analysts forecast that DXC Technology will post 2.59 earnings per share 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. Bessemer Group Inc. raised its holdings in DXC Technology by 61.1% during the 1st quarter. Bessemer Group Inc. now owns 3,680 shares of the company’s stock worth $47,000 after purchasing an additional 1,395 shares during the last quarter. Farther Finance Advisors LLC grew its stake in DXC Technology by 289.0% in the third quarter. Farther Finance Advisors LLC now owns 4,396 shares of the company’s stock valued at $48,000 after acquiring an additional 3,266 shares during the period. Covestor Ltd increased its holdings in shares of DXC Technology by 31.2% during the second quarter. Covestor Ltd now owns 6,603 shares of the company’s stock valued at $58,000 after acquiring an additional 1,570 shares in the last quarter. Versant Capital Management Inc increased its holdings in shares of DXC Technology by 47.4% during the second quarter. Versant Capital Management Inc now owns 7,474 shares of the company’s stock valued at $66,000 after acquiring an additional 2,404 shares in the last quarter. Finally, Two Sigma Securities LLC acquired a new position in shares of DXC Technology during the second quarter worth approximately $94,000. 96.20% of the stock is currently owned by institutional investors and hedge funds.

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.