DXC Technology (NYSE:DXC) Receives $20.89 Consensus Price Target from Brokerages

DXC Technology (NYSE:DXC) has been assigned an average recommendation of “Reduce” from the eight ratings firms that are currently covering the company, MarketBeat reports. One investment analyst has rated the stock with a sell rating and seven have given a hold rating to the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $20.88.

Several analysts have weighed in on the stock. Susquehanna boosted their price target on shares of DXC Technology from $19.00 to $23.00 and gave the stock a “neutral” rating in a research note on Friday, November 8th. BMO Capital Markets boosted their price target on shares of DXC Technology from $22.00 to $25.00 and gave the stock a “market perform” rating in a research note on Monday, November 11th.

Hedge Funds Weigh In On DXC Technology

Hedge funds and other institutional investors have recently modified their holdings of the company. Assenagon Asset Management S.A. raised its stake in DXC Technology by 4,893.5% in the fourth quarter. Assenagon Asset Management S.A. now owns 669,576 shares of the company’s stock worth $13,378,000 after buying an additional 656,167 shares in the last quarter. Oak Thistle LLC bought a new position in DXC Technology in the fourth quarter worth about $654,000. Matrix Trust Co raised its stake in DXC Technology by 347.2% in the fourth quarter. Matrix Trust Co now owns 9,343 shares of the company’s stock worth $187,000 after buying an additional 7,254 shares in the last quarter. Range Financial Group LLC bought a new position in DXC Technology in the fourth quarter worth about $300,000. Finally, JPMorgan Chase & Co. raised its stake in DXC Technology by 1.3% in the third quarter. JPMorgan Chase & Co. now owns 823,191 shares of the company’s stock worth $17,081,000 after buying an additional 10,922 shares in the last quarter. 96.20% of the stock is owned by institutional investors.

DXC Technology Stock Performance

DXC Technology stock opened at $20.65 on Tuesday. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 1.18. The company has a market capitalization of $3.74 billion, a PE ratio of 258.18, a P/E/G ratio of 1.26 and a beta of 1.66. The firm has a fifty day simple moving average of $21.18 and a two-hundred day simple moving average of $20.47. DXC Technology has a twelve month low of $14.78 and a twelve month high of $24.83.

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