Analysts Set DXC Technology (NYSE:DXC) Price Target at $21.38

Shares of DXC Technology (NYSE:DXC) have been assigned an average recommendation of “Reduce” from the eight research firms that are covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation and seven have given a hold recommendation to the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is $21.38.

DXC has been the topic of a number of research analyst reports. Morgan Stanley raised their target price on DXC Technology from $20.00 to $22.00 and gave the company an “equal weight” rating in a report on Friday, January 31st. Susquehanna boosted their target price on shares of DXC Technology from $19.00 to $23.00 and gave the stock a “neutral” rating in a report on Friday, November 8th. Finally, BMO Capital Markets increased their price target on DXC Technology from $22.00 to $25.00 and gave the company a “market perform” rating in a research note on Monday, November 11th.

DXC Technology Stock Down 0.0 %

Shares of DXC stock opened at $20.07 on Friday. DXC Technology has a 52-week low of $14.78 and a 52-week high of $24.83. The stock has a market cap of $3.63 billion, a price-to-earnings ratio of -47.78, a PEG ratio of 1.59 and a beta of 1.65. The firm’s 50-day moving average is $20.92 and its 200-day moving average is $20.75. The company has a debt-to-equity ratio of 1.12, a quick ratio of 1.25 and a current ratio of 1.34.

DXC Technology (NYSE:DXC) last released its quarterly earnings results on Tuesday, February 4th. The company reported $0.92 earnings per share for the quarter, topping 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%. Sell-side analysts predict that DXC Technology will post 3.36 EPS for the current year.

Hedge Funds Weigh In On DXC Technology

A number of large investors have recently modified their holdings of the company. Arizona State Retirement System grew its holdings in shares of DXC Technology by 1.1% during the fourth quarter. Arizona State Retirement System now owns 52,475 shares of the company’s stock worth $1,048,000 after purchasing an additional 566 shares in the last quarter. Highland Capital Management LLC grew its holdings in shares of DXC Technology by 6.6% during the 4th quarter. Highland Capital Management LLC now owns 11,850 shares of the company’s stock valued at $237,000 after purchasing an additional 731 shares during the last quarter. Corient Private Wealth LLC increased its holdings in shares of DXC Technology by 2.3% in the fourth quarter. Corient Private Wealth LLC now owns 32,796 shares of the company’s stock worth $655,000 after buying an additional 740 shares during the period. Newbridge Financial Services Group Inc. increased its stake in DXC Technology by 116.1% in the 4th quarter. Newbridge Financial Services Group Inc. now owns 1,675 shares of the company’s stock worth $33,000 after purchasing an additional 900 shares during the period. Finally, CIBC Asset Management Inc increased its stake in shares of DXC Technology by 5.6% in the fourth quarter. CIBC Asset Management Inc now owns 17,976 shares of the company’s stock worth $359,000 after buying an additional 950 shares during the period. 96.20% of the stock is currently owned by institutional investors.

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).