DXC Technology (NYSE:DXC) Given Average Rating of “Reduce” by Brokerages

DXC Technology (NYSE:DXC) has earned a consensus rating of “Reduce” from the nine analysts that are presently covering the company, MarketBeat reports. Three research analysts have rated the stock with a sell recommendation and six have given a hold recommendation to the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is $23.20.

DXC has been the subject of several recent analyst reports. JPMorgan Chase & Co. downgraded DXC Technology from a “neutral” rating to an “underweight” rating and cut their price objective for the company from $27.00 to $24.00 in a report on Wednesday, January 24th. Royal Bank of Canada reiterated a “sector perform” rating and issued a $24.00 price target on shares of DXC Technology in a research note on Friday, February 2nd. Citigroup lowered shares of DXC Technology from a “neutral” rating to a “sell” rating and lowered their price objective for the stock from $24.00 to $21.00 in a research note on Wednesday, January 17th. Finally, Guggenheim started coverage on shares of DXC Technology in a research note on Tuesday, March 19th. They issued a “neutral” rating and a $22.00 target price for the company.

Insider Activity

In other DXC Technology news, EVP William L. Deckelman, Jr. sold 18,102 shares of the stock in a transaction on Thursday, February 29th. The stock was sold at an average price of $21.73, for a total transaction of $393,356.46. Following the transaction, the executive vice president now owns 124,806 shares in the company, valued at approximately $2,712,034.38. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.87% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. Versant Capital Management Inc increased its stake in DXC Technology by 3,525.9% during the 4th quarter. Versant Capital Management Inc now owns 2,103 shares of the company’s stock worth $48,000 after acquiring an additional 2,045 shares during the period. GAMMA Investing LLC bought a new position in shares of DXC Technology in the fourth quarter worth $49,000. Quarry LP acquired a new position in DXC Technology in the fourth quarter valued at about $51,000. Headlands Technologies LLC bought a new stake in DXC Technology during the third quarter worth about $67,000. Finally, NBC Securities Inc. acquired a new stake in DXC Technology during the third quarter worth about $94,000. 96.20% of the stock is owned by institutional investors.

DXC Technology Stock Performance

DXC opened at $19.89 on Thursday. The company has a debt-to-equity ratio of 1.15, a quick ratio of 1.11 and a current ratio of 1.11. The business’s 50-day simple moving average is $20.56 and its 200 day simple moving average is $21.79. The firm has a market capitalization of $3.64 billion, a PE ratio of -10.41, a PEG ratio of 1.72 and a beta of 1.85. DXC Technology has a 52-week low of $18.61 and a 52-week high of $28.89.

About DXC Technology

DXC Technology Company, together with its subsidiaries, provides information technology services and solutions primarily in the United States, the United Kingdom, rest of Europe, Australia, and internationally. It operates in two segments, Global Business Services (GBS) and Global Infrastructure Services (GIS).