DXC Technology (NYSE:DXC) Given Average Rating of “Reduce” by Analysts

Shares of DXC Technology (NYSE:DXC) have been given an average rating of “Reduce” by the nine ratings firms that are currently covering the firm, Marketbeat reports. Two investment analysts have rated the stock with a sell recommendation and seven have issued a hold recommendation on the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is $20.89.

Several research firms recently commented on DXC. Susquehanna boosted their price objective on shares of DXC Technology from $19.00 to $23.00 and gave the company a “neutral” rating in a research report on Friday, November 8th. BMO Capital Markets upped their price objective on DXC Technology from $22.00 to $25.00 and gave the stock a “market perform” rating in a research report on Monday, November 11th. Finally, JPMorgan Chase & Co. lifted their target price on DXC Technology from $19.00 to $22.00 and gave the company an “underweight” rating in a research report on Friday, September 6th.

DXC Technology Trading Up 3.2 %

DXC stock opened at $21.49 on Friday. The company has a debt-to-equity ratio of 1.18, a current ratio of 1.25 and a quick ratio of 1.25. The stock has a market capitalization of $3.89 billion, a price-to-earnings ratio of 268.66, a P/E/G ratio of 1.40 and a beta of 1.65. The business has a fifty day moving average price of $21.33 and a 200 day moving average price of $20.13. DXC Technology has a fifty-two week low of $14.78 and a fifty-two week high of $24.83.

DXC Technology (NYSE:DXC) last issued its quarterly earnings results on Thursday, November 7th. The company reported $0.93 EPS for the quarter, topping the consensus estimate of $0.72 by $0.21. DXC Technology had a net margin of 0.18% and a return on equity of 20.42%. The company had revenue of $3.24 billion during the quarter, compared to analysts’ expectations of $3.21 billion. During the same quarter in the previous year, the company earned $0.70 EPS. Analysts expect that DXC Technology will post 3.18 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Pacer Advisors Inc. lifted its stake in DXC Technology by 4.7% in the 3rd quarter. Pacer Advisors Inc. now owns 20,140,488 shares of the company’s stock worth $417,915,000 after purchasing an additional 899,510 shares in the last quarter. American Century Companies Inc. increased its holdings in shares of DXC Technology by 20.8% in the second quarter. American Century Companies Inc. now owns 3,991,295 shares of the company’s stock worth $76,194,000 after purchasing an additional 687,522 shares during the period. LSV Asset Management raised its position in shares of DXC Technology by 0.8% in the second quarter. LSV Asset Management now owns 3,436,128 shares of the company’s stock worth $65,596,000 after buying an additional 26,186 shares in the last quarter. AQR Capital Management LLC boosted its stake in DXC Technology by 11.3% during the second quarter. AQR Capital Management LLC now owns 2,117,753 shares of the company’s stock valued at $39,898,000 after buying an additional 215,692 shares during the period. Finally, Bank of New York Mellon Corp grew its position in DXC Technology by 12.6% during the second quarter. Bank of New York Mellon Corp now owns 1,704,485 shares of the company’s stock worth $32,539,000 after buying an additional 191,101 shares in the last quarter. 96.20% of the stock is currently owned by hedge funds and other institutional investors.

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).