DXC Technology (NYSE:DXC – Get Free Report) had its target price reduced by equities researchers at BMO Capital Markets from $23.00 to $17.50 in a report issued on Friday, Benzinga reports. The brokerage presently has a “market perform” rating on the stock. BMO Capital Markets’ target price indicates a potential upside of 5.93% from the stock’s previous close.
A number of other analysts have also weighed in on DXC. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $24.00 price objective on shares of DXC Technology in a research note on Friday, February 2nd. Stifel Nicolaus lowered their price objective on shares of DXC Technology from $21.00 to $19.00 and set a “hold” rating for the company in a research note on Friday. Guggenheim initiated coverage on shares of DXC Technology in a research note on Tuesday, March 19th. They issued a “neutral” rating and a $22.00 price objective for the company. JPMorgan Chase & Co. lowered shares of DXC Technology from a “neutral” rating to an “underweight” rating and lowered their price objective for the stock from $27.00 to $24.00 in a research note on Wednesday, January 24th. Finally, Susquehanna lowered their price objective on shares of DXC Technology from $22.00 to $15.00 and set a “neutral” rating for the company in a research note on Friday. Three investment analysts have rated the stock with a sell rating and eight have assigned a hold rating to the company’s stock. Based on data from MarketBeat.com, DXC Technology presently has a consensus rating of “Hold” and an average target price of $20.41.
Read Our Latest Stock Analysis on DXC
DXC Technology Trading Down 16.9 %
NYSE DXC opened at $16.52 on Friday. The company’s 50-day moving average price is $20.33 and its 200-day moving average price is $21.76. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 1.15. The stock has a market cap of $3.02 billion, a PE ratio of 44.65, a PEG ratio of 1.79 and a beta of 1.85. DXC Technology has a 12 month low of $15.70 and a 12 month high of $28.89.
DXC Technology (NYSE:DXC – Get Free Report) last posted its quarterly earnings results on Thursday, May 16th. The company reported $0.97 EPS for the quarter, topping analysts’ consensus estimates of $0.83 by $0.14. The firm had revenue of $3.39 billion for the quarter, compared to analysts’ expectations of $3.37 billion. DXC Technology had a net margin of 0.67% and a return on equity of 17.88%. The business’s revenue for the quarter was down 5.6% on a year-over-year basis. During the same period in the prior year, the business posted $1.02 earnings per share. Equities research analysts forecast that DXC Technology will post 3.47 earnings per share for the current year.
Insider Activity
In other news, EVP William L. Deckelman, Jr. sold 18,102 shares of the company’s stock in a transaction dated Thursday, February 29th. The shares were sold at an average price of $21.73, for a total transaction of $393,356.46. Following the transaction, the executive vice president now owns 124,806 shares in the company, valued at $2,712,034.38. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.87% of the company’s stock.
Hedge Funds Weigh In On DXC Technology
Several hedge funds have recently modified their holdings of the stock. Benjamin F. Edwards & Company Inc. increased its holdings in shares of DXC Technology by 1.8% during the fourth quarter. Benjamin F. Edwards & Company Inc. now owns 28,500 shares of the company’s stock valued at $652,000 after acquiring an additional 500 shares in the last quarter. Covestor Ltd increased its holdings in DXC Technology by 2.9% in the 3rd quarter. Covestor Ltd now owns 27,804 shares of the company’s stock worth $579,000 after buying an additional 785 shares during the period. New Mexico Educational Retirement Board raised its position in DXC Technology by 7.2% during the 3rd quarter. New Mexico Educational Retirement Board now owns 11,846 shares of the company’s stock worth $247,000 after buying an additional 800 shares during the last quarter. Equitable Trust Co. lifted its stake in DXC Technology by 6.9% during the 4th quarter. Equitable Trust Co. now owns 16,288 shares of the company’s stock valued at $373,000 after acquiring an additional 1,045 shares during the period. Finally, OMERS ADMINISTRATION Corp boosted its holdings in shares of DXC Technology by 2.2% in the 3rd quarter. OMERS ADMINISTRATION Corp now owns 51,800 shares of the company’s stock valued at $1,079,000 after acquiring an additional 1,100 shares during the last quarter. Institutional investors and hedge funds own 96.20% of the company’s stock.
About DXC Technology
DXC Technology Company, together with its subsidiaries, provides information technology services and solutions primarily 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).
Further Reading
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