DXC Technology Company. (NYSE:DXC) Receives $12.44 Consensus PT from Brokerages

DXC Technology Company. (NYSE:DXC) has been assigned an average recommendation of “Reduce” from the ten analysts that are presently covering the stock, Marketbeat.com reports. Three research analysts have rated the stock with a sell rating and seven have assigned a hold rating to the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $12.4375.

A number of analysts recently weighed in on the stock. Morgan Stanley set a $12.00 price objective on shares of DXC Technology in a research note on Monday, August 3rd. Stifel Nicolaus cut their target price on shares of DXC Technology from $12.00 to $10.50 and set a “hold” rating on the stock in a research report on Friday, July 31st. Zacks Research upgraded shares of DXC Technology from a “strong sell” rating to a “hold” rating in a report on Monday, July 13th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of DXC Technology in a research report on Friday, August 7th. Finally, BMO Capital Markets cut their price objective on shares of DXC Technology from $17.00 to $10.00 and set a “market perform” rating on the stock in a report on Monday, May 11th.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. EverSource Wealth Advisors LLC lifted its stake in shares of DXC Technology by 240.6% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,737 shares of the company’s stock worth $27,000 after purchasing an additional 1,227 shares during the last quarter. Danske Bank A S grew its stake in DXC Technology by 280.0% in the fourth quarter. Danske Bank A S now owns 1,900 shares of the company’s stock valued at $28,000 after purchasing an additional 1,400 shares during the last quarter. Fifth Third Bancorp raised its holdings in DXC Technology by 116.0% in the fourth quarter. Fifth Third Bancorp now owns 2,102 shares of the company’s stock worth $31,000 after purchasing an additional 1,129 shares in the last quarter. Hantz Financial Services Inc. lifted its position in shares of DXC Technology by 110.5% during the fourth quarter. Hantz Financial Services Inc. now owns 2,185 shares of the company’s stock valued at $32,000 after buying an additional 1,147 shares during the last quarter. Finally, CIBC Private Wealth Group LLC lifted its position in shares of DXC Technology by 13,258.8% during the fourth quarter. CIBC Private Wealth Group LLC now owns 2,271 shares of the company’s stock valued at $33,000 after buying an additional 2,254 shares during the last quarter. 96.20% of the stock is currently owned by hedge funds and other institutional investors.

DXC Technology Trading Up 0.9%

DXC opened at $10.48 on Wednesday. The stock’s fifty day moving average is $9.78 and its two-hundred day moving average is $11.08. The company has a market capitalization of $1.67 billion, a P/E ratio of 14.97 and a beta of 0.79. DXC Technology has a 52 week low of $7.90 and a 52 week high of $15.68. 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 issued its earnings results on Thursday, July 30th. The company reported $0.40 earnings per share for the quarter, missing the consensus estimate of $0.41 by ($0.01). DXC Technology had a return on equity of 15.60% and a net margin of 0.99%.The firm had revenue of $3 billion during the quarter, compared to analysts’ expectations of $2.99 billion. During the same quarter in the prior year, the company posted $0.68 earnings per share. DXC Technology’s quarterly revenue was down 5.0% compared to the same quarter last year. DXC Technology has set its Q2 2027 guidance at 0.550-0.550 EPS. Analysts forecast that DXC Technology will post 2.61 earnings per share for the current year.

DXC Technology Company Profile

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.