DXC Technology (NYSE:DXC) Receives Consensus Rating of “Reduce” from Brokerages

DXC Technology (NYSE:DXC) has been assigned a consensus rating of “Reduce” from the eleven brokerages that are currently covering the stock, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a sell rating and eight have given a hold rating to the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $20.14.

A number of analysts have recently weighed in on DXC shares. TD Cowen dropped their price objective on DXC Technology from $22.00 to $18.00 and set a “hold” rating for the company in a research note on Tuesday, May 21st. Stifel Nicolaus decreased their price objective on DXC Technology from $21.00 to $19.00 and set a “hold” rating for the company in a report on Friday, May 17th. Susquehanna increased their price objective on DXC Technology from $15.00 to $19.00 and gave the stock a “neutral” rating in a report on Wednesday, June 12th. BMO Capital Markets decreased their price objective on DXC Technology from $23.00 to $17.50 and set a “market perform” rating for the company in a report on Friday, May 17th. Finally, Royal Bank of Canada decreased their price objective on DXC Technology from $24.00 to $18.00 and set a “sector perform” rating for the company in a report on Friday, May 17th.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in DXC. Versant Capital Management Inc boosted its position in DXC Technology by 3,525.9% during the fourth quarter. Versant Capital Management Inc now owns 2,103 shares of the company’s stock worth $48,000 after purchasing an additional 2,045 shares in the last quarter. GAMMA Investing LLC purchased a new position in shares of DXC Technology during the fourth quarter worth $49,000. Quarry LP purchased a new position in DXC Technology in the fourth quarter valued at $51,000. Quest Partners LLC purchased a new position in DXC Technology in the fourth quarter valued at $104,000. Finally, Quadrant Capital Group LLC lifted its holdings in DXC Technology by 450.1% during the 4th quarter. Quadrant Capital Group LLC now owns 6,618 shares of the company’s stock worth $151,000 after buying an additional 5,415 shares during the last quarter. 96.20% of the stock is owned by institutional investors and hedge funds.

DXC Technology Stock Performance

Shares of DXC opened at $18.84 on Friday. The company has a debt-to-equity ratio of 1.25, a quick ratio of 1.17 and a current ratio of 1.17. The stock has a 50 day moving average price of $18.17 and a two-hundred day moving average price of $20.63. The firm has a market capitalization of $3.40 billion, a P/E ratio of 50.92, a P/E/G ratio of 2.13 and a beta of 1.73. DXC Technology has a 52 week low of $14.78 and a 52 week high of $28.89.

DXC Technology (NYSE:DXC) last released its earnings results on Thursday, May 16th. The company reported $0.97 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.83 by $0.14. DXC Technology had a return on equity of 18.43% and a net margin of 0.67%. The company had revenue of $3.39 billion during the quarter, compared to analyst estimates of $3.37 billion. During the same period in the prior year, the company posted $1.02 earnings per share. DXC Technology’s quarterly revenue was down 5.6% on a year-over-year basis. Equities analysts forecast that DXC Technology will post 2.73 earnings per share for the current fiscal year.

DXC Technology Company Profile

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).