DXC Technology (NYSE:DXC) Receives $20.89 Average PT from Analysts

DXC Technology (NYSE:DXC) has been assigned an average rating of “Reduce” from the nine ratings firms that are covering the company, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell rating and seven have given a hold rating to the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is $20.89.

A number of equities research analysts have recently commented on DXC shares. BMO Capital Markets increased their target price on shares of DXC Technology from $22.00 to $25.00 and gave the company a “market perform” rating in a research report on Monday, November 11th. Royal Bank of Canada raised their target price on DXC Technology from $18.00 to $20.00 and gave the stock a “sector perform” rating in a research note on Friday, August 9th. Susquehanna boosted their price target 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. Finally, JPMorgan Chase & Co. upped their price objective on shares of DXC Technology from $19.00 to $22.00 and gave the company an “underweight” rating in a report on Friday, September 6th.

Insider Buying and Selling

In related news, SVP Christopher Anthony Voci sold 2,500 shares of DXC Technology stock in a transaction that occurred on Friday, September 13th. The shares were sold at an average price of $21.37, for a total value of $53,425.00. Following the completion of the sale, the senior vice president now owns 83,746 shares in the company, valued at approximately $1,789,652.02. This trade represents a 2.90 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.54% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in DXC. William B. Walkup & Associates Inc. acquired a new stake in shares of DXC Technology in the second quarter valued at $26,000. Mather Group LLC. grew its position in DXC Technology by 55.0% in the 2nd quarter. Mather Group LLC. now owns 1,637 shares of the company’s stock valued at $35,000 after acquiring an additional 581 shares in the last quarter. Family Firm Inc. purchased a new stake in DXC Technology during the second quarter worth about $37,000. Fifth Third Bancorp increased its stake in 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 purchasing an additional 559 shares during the period. Finally, Matrix Trust Co acquired a new stake in shares of DXC Technology during the third quarter worth about $43,000. 96.20% of the stock is currently owned by institutional investors and hedge funds.

DXC Technology Trading Up 0.5 %

Shares of DXC Technology stock opened at $22.49 on Monday. DXC Technology has a twelve month low of $14.78 and a twelve month high of $25.14. The firm’s 50-day moving average price is $20.92 and its 200 day moving average price is $19.61. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 1.18. The firm has a market capitalization of $4.07 billion, a PE ratio of 281.16, a P/E/G ratio of 1.45 and a beta of 1.67.

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