DXC Technology (NYSE:DXC) Trading 4% Higher

DXC Technology (NYSE:DXCGet Free Report)’s stock price traded up 4% during trading on Friday . The company traded as high as $16.58 and last traded at $16.50. 2,018,274 shares were traded during mid-day trading, a decline of 20% from the average session volume of 2,527,624 shares. The stock had previously closed at $15.86.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the company. BMO Capital Markets reduced their price objective on DXC Technology from $23.00 to $17.50 and set a “market perform” rating on the stock in a research note on Friday, May 17th. Susquehanna cut their target price on DXC Technology from $22.00 to $15.00 and set a “neutral” rating on the stock in a research note on Friday, May 17th. Guggenheim initiated coverage on DXC Technology in a research note on Tuesday, March 19th. They issued a “neutral” rating and a $22.00 price objective on the stock. Stifel Nicolaus dropped their price objective on DXC Technology from $21.00 to $19.00 and set a “hold” rating on the stock in a research note on Friday, May 17th. Finally, Morgan Stanley lowered their target price on DXC Technology from $21.00 to $18.00 and set an “equal weight” rating for the company in a report on Friday, May 17th. Three analysts have rated the stock with a sell rating and eight have issued a hold rating to the company. According to data from MarketBeat, DXC Technology has a consensus rating of “Hold” and a consensus price target of $19.77.

Check Out Our Latest Research Report on DXC Technology

DXC Technology Price Performance

The company has a market cap of $2.96 billion, a PE ratio of 44.73, a price-to-earnings-growth ratio of 1.81 and a beta of 1.73. The company has a debt-to-equity ratio of 1.25, a quick ratio of 1.17 and a current ratio of 1.17. The stock has a 50 day moving average of $18.78 and a 200-day moving average of $21.10.

DXC Technology (NYSE:DXCGet Free Report) last issued its earnings results on Thursday, May 16th. The company reported $0.97 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.83 by $0.14. The company had revenue of $3.39 billion during the quarter, compared to analyst estimates of $3.37 billion. DXC Technology had a return on equity of 18.43% and a net margin of 0.67%. The firm’s quarterly revenue was down 5.6% on a year-over-year basis. During the same quarter last year, the business posted $1.02 EPS. Equities analysts predict that DXC Technology will post 2.73 earnings per share for the current year.

Institutional Investors Weigh In On DXC Technology

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Versant Capital Management Inc grew its position in shares of DXC Technology by 3,525.9% during the 4th quarter. Versant Capital Management Inc now owns 2,103 shares of the company’s stock valued at $48,000 after acquiring an additional 2,045 shares during the period. GAMMA Investing LLC purchased a new position in DXC Technology in the 4th quarter worth approximately $49,000. Quarry LP purchased a new position in DXC Technology in the 4th quarter worth approximately $51,000. Headlands Technologies LLC purchased a new position in DXC Technology in the 3rd quarter worth approximately $67,000. Finally, Quest Partners LLC purchased a new stake in shares of DXC Technology during the 4th quarter valued at approximately $104,000. 96.20% of the stock is owned by institutional investors and hedge funds.

DXC Technology Company Profile

(Get Free Report)

DXC Technology Company, together with its subsidiaries, provides information technology services and solutions 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).

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