DXC Technology Company. (NYSE:DXC) Stock Has Consensus Price Target of $12.21

Shares of DXC Technology Company. (NYSE:DXC) have been assigned an average recommendation of “Reduce” from the nine brokerages that are presently covering the company, MarketBeat.com reports. Two analysts have rated the stock with a sell rating and seven have issued a hold rating on the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $12.21.

A number of research firms recently weighed in on DXC. Weiss Ratings restated a “sell (d)” rating on shares of DXC Technology in a report on Friday, August 7th. Stifel Nicolaus lowered their target price on DXC Technology from $12.00 to $10.50 and set a “hold” rating for the company in a research report on Friday, July 31st. Zacks Research raised DXC Technology from a “strong sell” rating to a “hold” rating in a report on Monday, July 13th. Royal Bank Of Canada reduced their price target on DXC Technology from $16.00 to $14.00 and set a “sector perform” rating on the stock in a research report on Friday, July 31st. Finally, Morgan Stanley set a $12.00 price target on DXC Technology in a research note on Monday, August 3rd.

Institutional Trading of DXC Technology

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Versant Capital Management Inc raised its holdings in DXC Technology by 16.2% during the 3rd quarter. Versant Capital Management Inc now owns 8,682 shares of the company’s stock worth $94,000 after purchasing an additional 1,208 shares during the last quarter. Envestnet Asset Management Inc. boosted its stake in shares of DXC Technology by 99.1% in the 2nd quarter. Envestnet Asset Management Inc. now owns 69,742 shares of the company’s stock valued at $617,000 after purchasing an additional 34,722 shares during the last quarter. State Street Corp boosted its stake in shares of DXC Technology by 25.0% in the 2nd quarter. State Street Corp now owns 7,683,280 shares of the company’s stock valued at $67,997,000 after purchasing an additional 1,536,243 shares during the last quarter. The Manufacturers Life Insurance Company boosted its stake in shares of DXC Technology by 137.3% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 81,726 shares of the company’s stock valued at $723,000 after purchasing an additional 47,284 shares during the last quarter. Finally, Sequoia Financial Advisors LLC increased its position in shares of DXC Technology by 171.2% during the second quarter. Sequoia Financial Advisors LLC now owns 89,521 shares of the company’s stock worth $792,000 after buying an additional 56,508 shares during the period. Institutional investors and hedge funds own 96.20% of the company’s stock.

DXC Technology Stock Down 4.7%

NYSE:DXC opened at $11.10 on Thursday. DXC Technology has a one year low of $7.90 and a one year high of $15.68. The company has a debt-to-equity ratio of 0.90, a current ratio of 1.41 and a quick ratio of 1.41. The company has a market cap of $1.77 billion, a PE ratio of 15.85 and a beta of 0.79. The firm’s 50 day simple moving average is $11.05 and its 200 day simple moving average is $10.62.

DXC Technology (NYSE:DXC) last announced its quarterly earnings results on Thursday, July 30th. The company reported $0.40 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.41 by ($0.01). The business had revenue of $3 billion during the quarter, compared to analyst estimates of $2.99 billion. DXC Technology had a net margin of 0.99% and a return on equity of 15.60%. The company’s revenue was down 5.0% compared to the same quarter last year. During the same quarter last year, the company posted $0.68 earnings per share. DXC Technology has set its Q2 2027 guidance at 0.550-0.550 EPS. On average, research analysts anticipate that DXC Technology will post 2.61 earnings per share for the current year.

About DXC Technology

DXC Technology (NYSE:DXC) is a global information technology services company that helps businesses and government organizations modernize and manage their technology environments. Its services include IT consulting, systems integration, cloud computing, cybersecurity, data and analytics, application development and management, and workplace and infrastructure services.

The company supports clients in moving workloads to public, private and hybrid cloud environments, improving digital customer experiences, automating business processes and managing complex technology operations.