Brokerages Set DXC Technology Company. (NYSE:DXC) PT at $12.21

DXC Technology Company. (NYSE:DXC) has received an average recommendation of “Reduce” from the nine analysts that are presently covering the stock, MarketBeat reports. Two research analysts have rated the stock with a sell recommendation and seven have assigned a hold recommendation to the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $12.2143.

DXC has been the topic of a number of recent research reports. Weiss Ratings restated a “sell (d)” rating on shares of DXC Technology in a research report on Friday, August 7th. Royal Bank Of Canada cut their target price on DXC Technology from $16.00 to $14.00 and set a “sector perform” rating on the stock in a research report on Friday, July 31st. TD Cowen increased their price target on DXC Technology from $10.00 to $12.00 and gave the company a “hold” rating in a report on Monday, August 3rd. Zacks Research upgraded DXC Technology from a “strong sell” rating to a “hold” rating in a research report on Monday, July 13th. Finally, Morgan Stanley set a $12.00 price objective on shares of DXC Technology in a research note on Monday, August 3rd.

DXC Technology Price Performance

DXC stock opened at $11.21 on Friday. DXC Technology has a 52 week low of $7.90 and a 52 week high of $15.68. The firm has a market capitalization of $1.79 billion, a P/E ratio of 16.02 and a beta of 0.80. The company has a fifty day simple moving average of $10.50 and a two-hundred day simple moving average of $10.77. The company has a quick ratio of 1.41, a current ratio of 1.41 and a debt-to-equity ratio of 0.90.

DXC Technology (NYSE:DXC) last posted its earnings results on Thursday, July 30th. The company reported $0.40 earnings per share for the quarter, missing analysts’ consensus estimates of $0.41 by ($0.01). DXC Technology had a return on equity of 15.60% and a net margin of 0.99%.The business had revenue of $3 billion during the quarter, compared to the consensus estimate of $2.99 billion. During the same quarter last year, the firm earned $0.68 earnings per share. The business’s quarterly revenue was down 5.0% on a year-over-year basis. DXC Technology has set its Q2 2027 guidance at 0.550-0.550 EPS. Analysts anticipate that DXC Technology will post 2.61 earnings per share for the current fiscal year.

Institutional Investors Weigh In On DXC Technology

Several institutional investors have recently made changes to their positions in DXC. Nykredit A S bought a new position in DXC Technology during the 2nd quarter valued at about $36,106,000. Allianz Asset Management GmbH raised its position in DXC Technology by 58.3% in the 2nd quarter. Allianz Asset Management GmbH now owns 1,564,754 shares of the company’s stock worth $13,848,000 after purchasing an additional 576,353 shares during the period. Amundi lifted its stake in DXC Technology by 1,084.6% in the second quarter. Amundi now owns 539,016 shares of the company’s stock worth $4,770,000 after purchasing an additional 493,514 shares during the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al bought a new stake in DXC Technology in the second quarter worth about $317,000. Finally, California State Teachers Retirement System boosted its position in shares of DXC Technology by 762.0% during the second quarter. California State Teachers Retirement System now owns 1,780,133 shares of the company’s stock valued at $15,754,000 after buying an additional 1,573,620 shares during the period. Institutional investors own 96.20% of the company’s stock.

About DXC Technology

DXC Technology, headquartered in Tysons Corner, Virginia, is a global leader in IT services and solutions. The company was formed in 2017 through the merger of Computer Sciences Corporation (CSC) and the Enterprise Services business of Hewlett Packard Enterprise, combining decades of experience in consulting, systems integration and managed services. Since its inception, DXC has focused on helping clients modernize IT environments and drive digital transformation across their organizations.

DXC Technology’s core service offerings encompass cloud and platform services, applications and analytics, security, and workplace and mobility solutions.