DXC Technology (NYSE:DXC) Receives $20.11 Average PT from Brokerages

Shares of DXC Technology (NYSE:DXC) have earned an average rating of “Reduce” from the nine ratings firms that are presently covering the firm, Marketbeat.com reports. Two research analysts have rated the stock with a sell rating and seven have assigned a hold rating to the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $20.11.

DXC has been the subject of a number of analyst reports. JPMorgan Chase & Co. increased their target price on shares of DXC Technology from $19.00 to $22.00 and gave the stock an “underweight” rating in a report on Friday, September 6th. Royal Bank of Canada raised their price target on DXC Technology from $18.00 to $20.00 and gave the stock a “sector perform” rating in a research note on Friday, August 9th. Finally, BMO Capital Markets boosted their price objective on shares of DXC Technology from $17.50 to $22.00 and gave the company a “market perform” rating in a research report on Friday, August 9th.

DXC Technology Price Performance

DXC opened at $20.02 on Thursday. The company has a debt-to-equity ratio of 1.21, a current ratio of 1.21 and a quick ratio of 1.21. The stock’s 50 day simple moving average is $20.60 and its 200 day simple moving average is $19.37. The firm has a market cap of $3.62 billion, a price-to-earnings ratio of 58.88, a PEG ratio of 1.82 and a beta of 1.67. DXC Technology has a 1 year low of $14.78 and a 1 year high of $25.14.

DXC Technology (NYSE:DXC) last issued its earnings results on Thursday, August 8th. The company reported $0.74 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.57 by $0.17. DXC Technology had a net margin of 0.60% and a return on equity of 19.20%. The firm had revenue of $3.24 billion for the quarter, compared to analysts’ expectations of $3.14 billion. As a group, analysts predict that DXC Technology will post 2.89 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 transaction, the senior vice president now owns 83,746 shares in the company, valued at $1,789,652.02. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In related news, SVP Christopher Anthony Voci sold 2,500 shares of the company’s stock in a transaction that occurred on Friday, September 13th. The stock was sold at an average price of $21.37, for a total value of $53,425.00. Following the transaction, the senior vice president now directly owns 83,746 shares of the company’s stock, valued at approximately $1,789,652.02. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Mary E. Finch sold 31,047 shares of the stock in a transaction on Monday, August 12th. The shares were sold at an average price of $19.36, for a total value of $601,069.92. Following the sale, the executive vice president now owns 325,665 shares in the company, valued at approximately $6,304,874.40. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.54% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On DXC Technology

A number of hedge funds have recently bought and sold shares of the business. Pacer Advisors Inc. lifted its position in DXC Technology by 30.4% during the second quarter. Pacer Advisors Inc. now owns 19,240,978 shares of the company’s stock valued at $367,310,000 after purchasing an additional 4,489,924 shares during the period. American Century Companies Inc. boosted its stake in shares of DXC Technology by 20.8% in the 2nd quarter. American Century Companies Inc. now owns 3,991,295 shares of the company’s stock worth $76,194,000 after buying an additional 687,522 shares during the last quarter. LSV Asset Management increased its position in DXC Technology by 0.8% during the second quarter. LSV Asset Management now owns 3,436,128 shares of the company’s stock valued at $65,596,000 after acquiring an additional 26,186 shares during the last quarter. CANADA LIFE ASSURANCE Co lifted its holdings in DXC Technology by 1.8% in the first quarter. CANADA LIFE ASSURANCE Co now owns 3,184,365 shares of the company’s stock valued at $67,615,000 after acquiring an additional 55,467 shares during the period. Finally, AQR Capital Management LLC lifted its holdings in DXC Technology by 11.3% in the second quarter. AQR Capital Management LLC now owns 2,117,753 shares of the company’s stock valued at $39,898,000 after acquiring an additional 215,692 shares during the period. Hedge funds and other 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).