DXC Technology (NYSE:DXC) Lowered to “Neutral” at Susquehanna

Susquehanna lowered shares of DXC Technology (NYSE:DXCGet Rating) from a positive rating to a neutral rating in a research report released on Friday, MarketBeat.com reports. Susquehanna currently has $31.00 price target on the stock, down from their previous price target of $39.00.

Other analysts have also issued research reports about the company. Morgan Stanley reduced their target price on DXC Technology from $33.00 to $30.00 and set an equal weight rating for the company in a report on Thursday, August 4th. BMO Capital Markets reduced their target price on DXC Technology from $37.00 to $36.00 and set an outperform rating for the company in a report on Thursday, August 4th. Royal Bank of Canada cut their price objective on DXC Technology from $39.00 to $34.00 and set an outperform rating for the company in a report on Thursday, August 4th. Cowen cut their price objective on DXC Technology from $41.00 to $37.00 and set an outperform rating for the company in a report on Monday, August 15th. Finally, JPMorgan Chase & Co. cut their price objective on DXC Technology from $39.00 to $33.00 in a report on Wednesday, July 20th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, DXC Technology has a consensus rating of Hold and an average target price of $35.42.

DXC Technology Stock Down 1.6 %

DXC Technology stock opened at $27.04 on Friday. The firm has a market cap of $6.22 billion, a price-to-earnings ratio of 12.24, a PEG ratio of 0.60 and a beta of 2.06. The stock has a fifty day simple moving average of $27.71 and a two-hundred day simple moving average of $29.99. DXC Technology has a 12 month low of $23.99 and a 12 month high of $39.65. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 0.77.

DXC Technology (NYSE:DXCGet Rating) last posted its earnings results on Wednesday, August 3rd. The company reported $0.75 EPS for the quarter, missing analysts’ consensus estimates of $0.82 by ($0.07). The business had revenue of $3.71 billion during the quarter, compared to the consensus estimate of $3.71 billion. DXC Technology had a return on equity of 16.61% and a net margin of 3.42%. Equities analysts predict that DXC Technology will post 3.57 EPS for the current fiscal year.

Hedge Funds Weigh In On DXC Technology

Institutional investors and hedge funds have recently bought and sold shares of the stock. Arizona State Retirement System lifted its position in DXC Technology by 0.6% during the first quarter. Arizona State Retirement System now owns 68,184 shares of the company’s stock valued at $2,225,000 after purchasing an additional 385 shares in the last quarter. Kentucky Retirement Systems lifted its position in DXC Technology by 2.6% during the first quarter. Kentucky Retirement Systems now owns 15,583 shares of the company’s stock valued at $508,000 after purchasing an additional 402 shares in the last quarter. ZWJ Investment Counsel Inc. lifted its position in DXC Technology by 72.8% during the first quarter. ZWJ Investment Counsel Inc. now owns 495,628 shares of the company’s stock valued at $16,172,000 after purchasing an additional 208,840 shares in the last quarter. Invesco Ltd. lifted its position in shares of DXC Technology by 23.0% in the fourth quarter. Invesco Ltd. now owns 12,054,425 shares of the company’s stock valued at $388,031,000 after acquiring an additional 2,253,875 shares in the last quarter. Finally, Regent Peak Wealth Advisors LLC purchased a new position in shares of DXC Technology in the first quarter valued at about $200,000. 87.01% of the stock is currently owned by hedge funds and other institutional investors.

About DXC Technology

(Get Rating)

DXC Technology Company, together with its subsidiaries, provides information technology services and solutions primarily in North America, Europe, Asia, and Australia. It operates in two segments, Global Business Services (GBS) and Global Infrastructure Services (GIS). The GBS segment offers a portfolio of analytics services and extensive partner ecosystem that help its customers to gain rapid insights, automate operations, and accelerate their digital transformation journeys; and software engineering, consulting, and data analytics solutions that enable businesses to run and manage their mission-critical functions, transform their operations, and develop new ways of doing business.

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Analyst Recommendations for DXC Technology (NYSE:DXC)

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