DXC Technology (NYSE:DXC) Receives Average Recommendation of “Hold” from Brokerages

Shares of DXC Technology (NYSE:DXCGet Rating) have been given a consensus rating of “Hold” by the twelve analysts that are presently covering the company, Marketbeat.com reports. Two research analysts have rated the stock with a sell recommendation, four have issued a hold recommendation and four have assigned a buy recommendation to the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $34.50.

DXC has been the topic of several research analyst reports. Royal Bank of Canada boosted their target price on DXC Technology from $34.00 to $38.00 and gave the company an “outperform” rating in a research note on Monday, November 7th. Moffett Nathanson cut DXC Technology from a “market perform” rating to an “underperform” rating and reduced their target price for the company from $32.00 to $28.00 in a research note on Thursday. JPMorgan Chase & Co. raised DXC Technology from an “underweight” rating to a “neutral” rating and boosted their target price for the company from $31.00 to $33.00 in a research note on Thursday, December 15th. Finally, BMO Capital Markets reduced their target price on DXC Technology from $36.00 to $33.00 and set an “outperform” rating on the stock in a research note on Friday, November 4th.

DXC Technology Price Performance

Shares of DXC Technology stock opened at $28.17 on Friday. The company has a debt-to-equity ratio of 0.75, a current ratio of 1.14 and a quick ratio of 1.14. The business’s 50 day simple moving average is $27.91 and its two-hundred day simple moving average is $27.72. The stock has a market capitalization of $6.48 billion, a P/E ratio of 9.18, a price-to-earnings-growth ratio of 0.68 and a beta of 1.92. DXC Technology has a one year low of $22.65 and a one year high of $39.65.

DXC Technology (NYSE:DXCGet Rating) last announced its quarterly earnings results on Thursday, November 3rd. The company reported $0.75 EPS for the quarter, topping analysts’ consensus estimates of $0.72 by $0.03. The business had revenue of $3.57 billion for the quarter, compared to analysts’ expectations of $3.56 billion. DXC Technology had a return on equity of 15.59% and a net margin of 4.93%. Analysts forecast that DXC Technology will post 3.49 EPS for the current year.

Insiders Place Their Bets

In other DXC Technology news, Director Raul J. Fernandez sold 5,000 shares of the business’s stock in a transaction on Wednesday, November 23rd. The stock was sold at an average price of $29.75, for a total value of $148,750.00. Following the sale, the director now directly owns 47,092 shares of the company’s stock, valued at $1,400,987. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other DXC Technology news, Director Raul J. Fernandez sold 10,000 shares of the business’s stock in a transaction on Friday, November 11th. The stock was sold at an average price of $29.39, for a total value of $293,900.00. Following the sale, the director now directly owns 52,092 shares of the company’s stock, valued at $1,530,983.88. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Raul J. Fernandez sold 5,000 shares of the business’s stock in a transaction on Wednesday, November 23rd. The stock was sold at an average price of $29.75, for a total value of $148,750.00. Following the completion of the sale, the director now directly owns 47,092 shares in the company, valued at $1,400,987. The disclosure for this sale can be found here. Corporate insiders own 0.47% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of DXC. Great West Life Assurance Co. Can bought a new position in shares of DXC Technology during the third quarter valued at $79,186,000. Point72 Asset Management L.P. bought a new position in shares of DXC Technology during the third quarter valued at $33,834,000. Cantor Fitzgerald L. P. bought a new position in shares of DXC Technology during the third quarter valued at $30,653,000. Victory Capital Management Inc. lifted its holdings in shares of DXC Technology by 13.4% during the third quarter. Victory Capital Management Inc. now owns 9,285,409 shares of the company’s stock valued at $227,306,000 after purchasing an additional 1,096,344 shares in the last quarter. Finally, Pacer Advisors Inc. lifted its holdings in shares of DXC Technology by 52.6% during the third quarter. Pacer Advisors Inc. now owns 1,857,895 shares of the company’s stock valued at $45,481,000 after purchasing an additional 640,276 shares in the last quarter. 89.19% of the stock is owned by institutional investors.

About DXC Technology

(Get Rating)

DXC Technology Co provides technology consulting, outsourcing and support services. It operates through the following segments: Global Business Services (GBS) and Global Infrastructure Services (GIS). The GBS segment provides technology solutions that help clients address challenges and accelerate the digital transformations that are tailored to each client’s specific objectives.

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Analyst Recommendations for DXC Technology (NYSE:DXC)

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