BMO Capital Markets Forecasts Strong Price Appreciation for DXC Technology (NYSE:DXC) Stock

DXC Technology (NYSE:DXC) had its target price upped by BMO Capital Markets from $22.00 to $25.00 in a research note released on Monday morning,Benzinga reports. BMO Capital Markets currently has a market perform rating on the stock.

A number of other research firms have also recently commented on DXC. Susquehanna lifted their price target on DXC Technology from $19.00 to $23.00 and gave the stock a “neutral” rating in a report on Friday, November 8th. JPMorgan Chase & Co. lifted their target price on DXC Technology from $19.00 to $22.00 and gave the stock an “underweight” rating in a research note on Friday, September 6th. Finally, Royal Bank of Canada boosted their target price on DXC Technology from $18.00 to $20.00 and gave the stock a “sector perform” rating in a report on Friday, August 9th. Two equities research analysts have rated the stock with a sell rating and seven have given a hold rating to the company. According to data from MarketBeat, DXC Technology presently has a consensus rating of “Hold” and a consensus target price of $20.89.

DXC Technology Trading Down 3.2 %

Shares of DXC Technology stock opened at $21.70 on Monday. DXC Technology has a 12-month low of $14.78 and a 12-month high of $25.14. The company has a quick ratio of 1.21, a current ratio of 1.25 and a debt-to-equity ratio of 1.18. The business’s 50 day moving average is $20.81 and its 200-day moving average is $19.47. The stock has a market cap of $3.93 billion, a P/E ratio of 271.22, a P/E/G ratio of 1.45 and a beta of 1.67.

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

Insiders Place Their Bets

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

Institutional Investors Weigh In On DXC Technology

Several institutional investors have recently made changes to their positions in DXC. Pacer Advisors Inc. lifted its position in shares of DXC Technology by 4.7% during the 3rd quarter. Pacer Advisors Inc. now owns 20,140,488 shares of the company’s stock valued at $417,915,000 after acquiring an additional 899,510 shares during the period. American Century Companies Inc. lifted its position in DXC Technology by 20.8% during the second quarter. American Century Companies Inc. now owns 3,991,295 shares of the company’s stock worth $76,194,000 after purchasing an additional 687,522 shares during the period. LSV Asset Management lifted its position in DXC Technology by 0.8% during the second quarter. LSV Asset Management now owns 3,436,128 shares of the company’s stock worth $65,596,000 after purchasing an additional 26,186 shares during the period. CANADA LIFE ASSURANCE Co grew its stake in DXC Technology by 1.8% during the first quarter. CANADA LIFE ASSURANCE Co now owns 3,184,365 shares of the company’s stock worth $67,615,000 after buying an additional 55,467 shares in the last quarter. Finally, AQR Capital Management LLC raised its position in shares of DXC Technology by 11.3% in the 2nd quarter. AQR Capital Management LLC now owns 2,117,753 shares of the company’s stock valued at $39,898,000 after buying an additional 215,692 shares in the last quarter. 96.20% of the stock is currently owned by institutional investors.

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).