BMO Capital Markets Cuts DXC Technology (NYSE:DXC) Price Target to $10.00

DXC Technology (NYSE:DXC) had its price objective trimmed by BMO Capital Markets from $17.00 to $10.00 in a research report released on Monday morning,Benzinga reports. The firm currently has a market perform rating on the stock.

DXC has been the subject of a number of other research reports. Wolfe Research set a $13.00 target price on shares of DXC Technology and gave the stock an “underperform” rating in a research note on Friday, January 30th. Stifel Nicolaus set a $12.00 price objective on shares of DXC Technology in a research note on Friday, May 8th. TD Cowen dropped their price objective on shares of DXC Technology from $15.00 to $14.00 and set a “hold” rating for the company in a research note on Monday, April 6th. Zacks Research cut shares of DXC Technology from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, March 3rd. Finally, Weiss Ratings reaffirmed a “sell (d+)” rating on shares of DXC Technology in a research note on Wednesday, April 8th. Seven analysts have rated the stock with a Hold rating and three have given a Sell rating to the company. According to MarketBeat.com, DXC Technology presently has a consensus rating of “Reduce” and a consensus target price of $13.50.

DXC Technology Stock Down 7.8%

DXC stock opened at $8.21 on Monday. The stock has a market capitalization of $1.34 billion, a P/E ratio of 136.75 and a beta of 0.85. The firm has a 50-day simple moving average of $11.96 and a 200-day simple moving average of $13.28. The company has a quick ratio of 1.35, a current ratio of 1.36 and a debt-to-equity ratio of 0.94. DXC Technology has a 52 week low of $7.90 and a 52 week high of $17.07.

DXC Technology (NYSE:DXC) last released its earnings results on Thursday, May 7th. The company reported $0.77 EPS for the quarter, topping analysts’ consensus estimates of $0.70 by $0.07. The business had revenue of $3.13 billion during the quarter, compared to analysts’ expectations of $3.17 billion. DXC Technology had a net margin of 0.14% and a return on equity of 17.24%. The company’s quarterly revenue was down 1.2% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.84 earnings per share. DXC Technology has set its Q1 2027 guidance at 0.400-0.400 EPS and its FY 2027 guidance at 2.400-2.900 EPS. Equities analysts forecast that DXC Technology will post 2.74 earnings per share for the current fiscal year.

Insider Buying and Selling at DXC Technology

In other news, CEO Raul J. Fernandez purchased 28,051 shares of the company’s stock in a transaction dated Monday, May 11th. The stock was acquired at an average price of $8.90 per share, with a total value of $249,653.90. Following the purchase, the chief executive officer directly owned 844,052 shares in the company, valued at approximately $7,512,062.80. This represents a 3.44% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. 0.61% of the stock is currently owned by company insiders.

Institutional Trading of DXC Technology

Several hedge funds have recently made changes to their positions in DXC. Royal Bank of Canada grew its stake in shares of DXC Technology by 156.3% in the 1st quarter. Royal Bank of Canada now owns 99,930 shares of the company’s stock valued at $1,703,000 after buying an additional 60,935 shares during the period. Goldman Sachs Group Inc. grew its stake in shares of DXC Technology by 4.1% in the 1st quarter. Goldman Sachs Group Inc. now owns 1,239,558 shares of the company’s stock valued at $21,134,000 after buying an additional 49,228 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in shares of DXC Technology by 4.9% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 735,597 shares of the company’s stock valued at $12,542,000 after buying an additional 34,544 shares during the period. Creative Planning grew its stake in shares of DXC Technology by 83.9% in the 2nd quarter. Creative Planning now owns 21,863 shares of the company’s stock valued at $334,000 after buying an additional 9,972 shares during the period. Finally, EverSource Wealth Advisors LLC grew its stake in shares of 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 period. Hedge funds and other institutional investors own 96.20% of the company’s stock.

DXC Technology Company Profile

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.