DXC Technology (NYSE:DXC) Earns “Neutral” Rating from Guggenheim

DXC Technology (NYSE:DXC)‘s stock had its “neutral” rating reaffirmed by research analysts at Guggenheim in a research report issued to clients and investors on Monday,Benzinga reports.

Several other equities research analysts also recently issued reports on the company. Susquehanna decreased their price target on DXC Technology from $23.00 to $16.00 and set a “neutral” rating for the company in a report on Wednesday, April 23rd. Morgan Stanley lifted their price objective on DXC Technology from $20.00 to $22.00 and gave the stock an “equal weight” rating in a report on Friday, January 31st. One analyst has rated the stock with a sell rating and seven have given a hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $20.29.

DXC Technology Trading Up 3.8%

DXC traded up $0.62 during trading on Monday, hitting $16.87. The company’s stock had a trading volume of 118,230 shares, compared to its average volume of 1,733,714. DXC Technology has a twelve month low of $13.44 and a twelve month high of $24.83. The company has a quick ratio of 1.34, a current ratio of 1.34 and a debt-to-equity ratio of 1.12. The stock’s fifty day moving average price is $16.08 and its 200-day moving average price is $19.20. The firm has a market capitalization of $3.05 billion, a P/E ratio of -40.11, a PEG ratio of 1.16 and a beta of 1.18.

DXC Technology (NYSE:DXC) last released its quarterly earnings data on Tuesday, February 4th. The company reported $0.92 EPS for the quarter, beating the consensus estimate of $0.69 by $0.23. DXC Technology had a positive return on equity of 20.70% and a negative net margin of 0.57%. Analysts anticipate that DXC Technology will post 3.35 EPS for the current year.

Institutional Trading of DXC Technology

Several hedge funds and other institutional investors have recently bought and sold shares of DXC. Newbridge Financial Services Group Inc. lifted its position in DXC Technology by 116.1% in the fourth quarter. Newbridge Financial Services Group Inc. now owns 1,675 shares of the company’s stock valued at $33,000 after purchasing an additional 900 shares during the last quarter. Byrne Asset Management LLC bought a new position in shares of DXC Technology during the first quarter valued at approximately $33,000. Wealthquest Corp bought a new position in shares of DXC Technology during the first quarter valued at approximately $49,000. Meeder Asset Management Inc. bought a new position in shares of DXC Technology during the fourth quarter valued at approximately $55,000. Finally, Smartleaf Asset Management LLC raised its holdings in DXC Technology by 366.4% in the fourth quarter. Smartleaf Asset Management LLC now owns 2,999 shares of the company’s stock worth $60,000 after purchasing an additional 2,356 shares in the last quarter. Hedge funds and other institutional investors own 96.20% of the company’s stock.

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).