DXC Technology (NYSE:DXC) Given Consensus Recommendation of “Reduce” by Analysts

DXC Technology (NYSE:DXC) has earned a consensus rating of “Reduce” from the eight ratings firms that are covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a sell rating and seven have given a hold rating to the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is $20.88.

A number of equities research analysts have weighed in on the company. Susquehanna raised their price target on DXC Technology from $19.00 to $23.00 and gave the company a “neutral” rating in a research report on Friday, November 8th. BMO Capital Markets raised their price target on DXC Technology from $22.00 to $25.00 and gave the company a “market perform” rating in a research report on Monday, November 11th.

DXC Technology Price Performance

DXC stock opened at $20.51 on Tuesday. The firm has a 50 day simple moving average of $21.11 and a two-hundred day simple moving average of $20.53. The stock has a market cap of $3.71 billion, a PE ratio of 256.34, a P/E/G ratio of 1.26 and a beta of 1.66. DXC Technology has a one year low of $14.78 and a one year high of $24.83. The company has a debt-to-equity ratio of 1.18, a current ratio of 1.25 and a quick ratio of 1.25.

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

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of DXC. William B. Walkup & Associates Inc. bought a new stake in shares of DXC Technology in the second quarter worth about $26,000. Matrix Trust Co bought a new stake in shares of DXC Technology in the third quarter worth about $43,000. Prospera Private Wealth LLC bought a new stake in shares of DXC Technology in the third quarter worth about $49,000. GAMMA Investing LLC grew its stake in shares of DXC Technology by 48.7% in the third quarter. GAMMA Investing LLC now owns 3,425 shares of the company’s stock worth $71,000 after purchasing an additional 1,122 shares during the last quarter. Finally, Carolina Wealth Advisors LLC bought a new stake in shares of DXC Technology in the third quarter worth about $79,000. Hedge funds and other institutional investors own 96.20% of the company’s stock.

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).