DXC Technology Company. (NYSE:DXC) Receives $12.75 Consensus Price Target from Analysts

Shares of DXC Technology Company. (NYSE:DXC) have been assigned an average recommendation of “Reduce” from the ten research firms that are presently covering the firm, MarketBeat reports. Four analysts have rated the stock with a sell recommendation and six have assigned a hold recommendation to the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is $12.75.

DXC has been the subject of a number of recent research reports. Royal Bank Of Canada reissued a “sector perform” rating and issued a $16.00 target price on shares of DXC Technology in a research report on Friday, June 12th. Stifel Nicolaus set a $12.00 price target on shares of DXC Technology in a research note on Friday, May 8th. Zacks Research cut shares of DXC Technology from a “hold” rating to a “strong sell” rating in a research note on Tuesday, May 12th. Morgan Stanley dropped their price target on shares of DXC Technology from $15.00 to $9.00 and set an “equal weight” rating on the stock in a research note on Thursday, May 14th. Finally, Weiss Ratings cut shares of DXC Technology from a “sell (d+)” rating to a “sell (d)” rating in a research note on Monday, May 11th.

DXC Technology Stock Performance

Shares of DXC Technology stock opened at $8.90 on Tuesday. The business’s fifty day simple moving average is $9.82 and its 200 day simple moving average is $12.29. The firm has a market capitalization of $1.45 billion, a P/E ratio of 148.25 and a beta of 0.81. DXC Technology has a 12 month low of $7.90 and a 12 month high of $16.45. The company has a current ratio of 1.36, a quick ratio of 1.36 and a debt-to-equity ratio of 0.94.

DXC Technology (NYSE:DXC) last released its earnings results on Friday, May 8th. The company reported $0.77 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.70 by $0.07. DXC Technology had a return on equity of 17.24% and a net margin of 0.14%.The business had revenue of $3.13 billion during the quarter, compared to the consensus estimate of $3.17 billion. During the same period last year, the business posted $0.84 earnings per share. The business’s revenue for the quarter was down 1.2% on a year-over-year basis. As a group, analysts anticipate that DXC Technology will post 2.64 EPS for the current year.

Insider Activity at DXC Technology

In related news, CEO Raul J. Fernandez purchased 28,051 shares of the business’s stock in a transaction dated Monday, May 11th. The stock was purchased at an average cost of $8.90 per share, with a total value of $249,653.90. Following the completion of the acquisition, the chief executive officer directly owned 844,052 shares of the company’s stock, valued at approximately $7,512,062.80. The trade was a 3.44% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. 1.13% of the stock is owned by insiders.

Institutional Trading of DXC Technology

Several institutional investors have recently added to or reduced their stakes in DXC. Lido Advisors LLC boosted its position in DXC Technology by 6.1% in the 4th quarter. Lido Advisors LLC now owns 17,383 shares of the company’s stock valued at $241,000 after buying an additional 1,003 shares during the last quarter. Fifth Third Bancorp boosted its position in DXC Technology by 116.0% in the 4th quarter. Fifth Third Bancorp now owns 2,102 shares of the company’s stock valued at $31,000 after buying an additional 1,129 shares during the last quarter. Hantz Financial Services Inc. boosted its position in DXC Technology by 110.5% in the 4th 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. EverSource Wealth Advisors LLC boosted its position in DXC Technology by 240.6% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,737 shares of the company’s stock valued at $27,000 after buying an additional 1,227 shares during the last quarter. Finally, Focus Partners Wealth raised its stake in shares of DXC Technology by 9.9% in the 3rd quarter. Focus Partners Wealth now owns 15,094 shares of the company’s stock valued at $202,000 after purchasing an additional 1,357 shares in the last quarter. 96.20% of the stock is currently owned by hedge funds and other institutional investors.

About DXC Technology

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.