Brokerages Set DXC Technology (NYSE:DXC) Price Target at $20.30

Shares of DXC Technology (NYSE:DXC) have received a consensus recommendation of “Reduce” from the ten research firms that are covering the firm, Marketbeat reports. Three investment analysts have rated the stock with a sell recommendation and seven have issued a hold recommendation on the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is $20.30.

Several equities research analysts have recently commented on DXC shares. Stifel Nicolaus decreased their target price on shares of DXC Technology from $21.00 to $19.00 and set a “hold” rating for the company in a research report on Friday, May 17th. BMO Capital Markets upped their target price on shares of DXC Technology from $17.50 to $22.00 and gave the stock a “market perform” rating in a report on Friday, August 9th. JPMorgan Chase & Co. increased their price target 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. Susquehanna increased their price target on shares of DXC Technology from $15.00 to $19.00 and gave the company a “neutral” rating in a research report on Wednesday, June 12th. Finally, TD Cowen dropped their target price on shares of DXC Technology from $22.00 to $18.00 and set a “hold” rating for the company in a research report on Tuesday, May 21st.

Insider Buying and Selling

In other DXC Technology news, EVP Mary E. Finch sold 31,047 shares of the firm’s stock in a transaction dated Monday, August 12th. The shares were sold at an average price of $19.36, for a total transaction of $601,069.92. Following the completion of the sale, the executive vice president now directly owns 325,665 shares in the company, valued at approximately $6,304,874.40. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.54% of the stock is owned by company insiders.

Institutional Trading of DXC Technology

A number of institutional investors and hedge funds have recently bought and sold shares of the company. William B. Walkup & Associates Inc. bought a new stake in shares of DXC Technology in the second quarter worth approximately $26,000. Mather Group LLC. boosted its position in shares of DXC Technology by 55.0% in the second quarter. Mather Group LLC. now owns 1,637 shares of the company’s stock worth $35,000 after purchasing an additional 581 shares during the period. Family Firm Inc. bought a new position in shares of DXC Technology in the second quarter worth approximately $37,000. Fifth Third Bancorp boosted its position in shares of DXC Technology by 40.1% during the second quarter. Fifth Third Bancorp now owns 1,954 shares of the company’s stock worth $37,000 after acquiring an additional 559 shares during the last quarter. Finally, Quarry LP bought a new position in shares of DXC Technology during the fourth quarter worth $51,000. 96.20% of the stock is currently owned by institutional investors.

DXC Technology Stock Up 2.3 %

DXC Technology stock opened at $21.24 on Wednesday. DXC Technology has a twelve month low of $14.78 and a twelve month high of $25.14. The company’s 50-day moving average price is $19.84 and its two-hundred day moving average price is $19.47. The stock has a market cap of $3.84 billion, a P/E ratio of 57.41, a P/E/G ratio of 1.82 and a beta of 1.67. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 1.21.

DXC Technology (NYSE:DXC) last issued its earnings results on Thursday, August 8th. The company reported $0.74 earnings per share for the quarter, beating analysts’ consensus estimates of $0.57 by $0.17. The firm had revenue of $3.24 billion for the quarter, compared to analyst estimates of $3.14 billion. DXC Technology had a net margin of 0.60% and a return on equity of 19.20%. As a group, analysts expect that DXC Technology will post 2.89 EPS for the current year.

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).